Top Small Teams in Oakland, California – Ranked By Sides

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2022 Market Summary

Oakland, California started 2022 with a total of 116 single-family homes on the market, with a median home price of $750,000 and an average price per square foot of $578. By the end of the year, inventory had increased to 247 homes on the market (+112%), with a median home price of $750,000 (+0%) and an average price per square foot of $567 (-1%).

At the start of 2022, the median days on market (DOM) was 52 days – by the end of the year, median DOM had increased to 84 days.

Oakland started the year with 17% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 38% of Oakland homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Oakland started 2022 as a strong seller’s market, with an MAI score of 71; by the end of the year, the MAI had dropped to 44 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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