Oakland Housing Market Report – May 2026
Here's a look at how the Oakland, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 251
- Median Sale Price: $915,750
- Average Sale Price: $1,079,532
- Average Price Per Sq Ft: $609
- Average Days on Market: 59
- Sale-to-List Price Ratio: 113.5%
Month-Over-Month Trends
Compared to April, the median sale price in Oakland moved 6.5% up (from $860,000 to $915,750). The number of homes sold was 2.7% down compared to the prior month (258 vs. 251). Average days on market shifted 1.7% down (60 days to 59 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 8.4% up (from $845,000 to $915,750). Sales volume is 8.7% down year-over-year.
What This Means
Oakland's housing market in May shows persistent strength despite some headwinds. The median sale price climbed to $915,750, marking solid year-over-year gains of 8.4% and continuing the upward trajectory we've seen over the past several months. What's particularly telling is that homes are selling above asking price—that 113.5% sale-to-list ratio reveals genuine demand still outpacing supply. With nearly 1,100 active listings at a median asking price of $649,000, there's a noticeable gap between what sellers are asking and what buyers are actually paying, suggesting competition remains for quality properties.
The slight softening in sales volume and the 59-day average time on market suggest the market is normalizing a bit from earlier urgency. Single-family homes continue to dominate the mix, representing about 68% of sales, which tracks with typical Oakland preferences. The pipeline of listings sitting for over 100 days on average indicates that not all properties are moving quickly—pricing and condition likely matter more than they did a year ago. Overall, this is a healthy market leaning slightly in favor of sellers, though it's notably less frenzied than the pandemic-era peaks we've seen in previous years.
Oakland Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94611 | 40 | $1,437,500 | $679 | 45 |
| 94605 | 31 | $799,000 | $506 | 52 |
| 94607 | 22 | $564,500 | $472 | 79 |
| 94610 | 20 | $645,000 | $697 | 58 |
| 94619 | 19 | $950,000 | $624 | 54 |
| 94618 | 18 | $1,900,000 | $922 | 33 |
| 94608 | 17 | $925,000 | $651 | 60 |
| 94602 | 17 | $1,100,000 | $774 | 46 |
| 94603 | 15 | $475,000 | $459 | 93 |
| 94609 | 14 | $1,200,000 | $664 | 60 |
| 94601 | 13 | $665,000 | $437 | 72 |
| 94621 | 9 | $535,000 | $439 | 68 |
| 94612 | 8 | $514,000 | $411 | 103 |
| 94606 | 8 | $962,000 | $431 | 63 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 170 | $1,036,250 | $671 |
| CONDOS | 41 | $498,000 | $506 |
| MULTI_FAMILY | 32 | $805,000 | $388 |
| TOWNHOMES | 5 | $955,000 | $611 |
| LAND | 3 | $80,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 2 |
| $100K - $199K | 1 |
| $200K - $299K | 6 |
| $300K - $399K | 15 |
| $400K - $499K | 18 |
| $500K - $749K | 55 |
| $750K+ | 154 |
Current Active Listings
As of this report, there are 1,094 active listings in Oakland with a median asking price of $649,000 and an average of 104 days on market.
Thinking About Selling Your Oakland Home?
If you're a homeowner in Oakland considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Oakland and throughout Alameda County — get a no-obligation cash offer today.