Oakland Annual Real Estate Market Trends

Oakland
(Single Family Homes)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
2011 $354,272 $246,000 2,499 52 99.0%      
2012 $391,514 $290,000 2,998 47 102.3% 10.5% 17.9% 20.0%
2013 $559,458 $498,250 2,438 27 108.1% 42.9% 71.8% -18.7%
2014 $630,828 $555,000 2,274 29 109.8% 12.8% 11.4% -6.7%
2015 $707,807 $630,000 2,477 26 113.7% 12.2% 13.5% 8.9%
2016 $784,414 $690,000 2,366 25 113.1% 10.8% 9.5% -4.5%
2017 $822,577 $720,000 2,416 26 113.2% 4.9% 4.3% 2.1%
2018 $902,088 $795,000 2,422 25 114.4% 9.7% 10.4% 0.2%
2019 $928,317 $815,000 2,445 25 113.1% 2.9% 2.5% 0.9%
2020 $1,017,309 $900,000 2,216 24 111.3% 9.6% 10.4% -9.4%
2021 $1,169,366 $1,050,000 2,944 21 121.2% 14.9% 16.7% 32.9%
2022 $1,213,312 $1,090,000 2,054 23 120.1% 3.8% 3.8% -30.2%
2023 $1,111,922 $1,000,000 1,795 30 111.7% -8.4% -8.3% -12.6%

Oakland
(Condominiums)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
2011 $235,367 $209,500 698 67 97.6%      
2012 $255,745 $225,000 768 60 100.1% 8.7% 7.4% 10.0%
2013 $385,688 $355,000 608 27 104.9% 50.8% 57.8% -20.8%
2014 $461,530 $425,000 722 26 104.3% 19.7% 19.7% 18.8%
2015 $523,030 $487,000 809 24 109.8% 19.7% 19.7% 18.8%
2016 $581,613 $565,000 698 21 108.8% 11.2% 16.0% -13.7%
2017 $621,588 $600,000 764 21 107.6% 6.9% 6.2% 9.5%
2018 $688,994 $650,000 725 20 108.4% 10.8% 8.3% -5.1%
2019 $687,535 $650,000 714 25 105.9% -0.2% 0.0% -1.5%
2020 $695,708 $662,130 668 28 103.6% 1.2% 1.9% -6.4%
2021 $697,572 $659,500 1,034 31 106.0% 0.3% -0.4% 54.8%
2022 $700,949 $650,000 667 33 104.5% 0.5% -1.4% -35.5%
2023 $640,616 $580,000 448 41 101.4% -8.6% -10.8% -32.8%

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DEFINITIONS

Median Price
Median Price is the price at which 50% of properties sold were above that price and 50% were below.
Average Price
Average Price is the sum of all prices divided by the number of sales.
DOM
Average Days on Market is calculated from when a property was first put on the market until it was put under contract, or taken off the market.
SP/LP
The average selling price divided by the average list price.