44 new real estate properties in Oakland, California have been added to Ofirio in the last 7 days.
Of those new properties:
Oakland, California has a high demand for real estate. This is determined by the difference between the list price and the closed price, which on average is 8% higher than than the list price. The demand for luxury real estate is higher than the demand for “Under $200k” real estate by 29%. Homes in Oakland, California are on the market for 70 days, on average among all of our listings.
This week the following real estate properties became available for sale:
The biggest change in price is in the 4 Beds segment and it is 80% ($362,700) more than the week prior.
The average closing price for real estate in Oakland California has fallen by 12% from the last week, which amounted to $939,584.
As of January 2023 Oakland, CA is a seller market which means homes sell faster at a higher price. In January 2023, 21 homes (31.8%) sold at asking price, 16 homes (24.2%) sold below asking price, and 29 homes (43.9%) were sold above asking price. If purchasing a home there is little room to negotiate the price.
The median home price decreased by 11.8% from $760,000 in January 2022 to $670,000 in January 2023. The number of homes sold in Oakland, CA has decreased by 60.9% over the last year from 161 in January 2022 to 63 homes in January 2023.
Homes in Oakland, CA have sold for 2.8% less per ft² than they did a year ago. As of January 2023 the average price per square foot is $594.