Oakland, California started 2024 with a total of 172 single-family homes on the market, with a median home price of $720,500 and an average price per square foot of $564.44. By the end of the year, inventory had increased to 289 homes on the market (+68%), with a median home price of $699,000 (-3%), and an average price per square foot of $532 (-6%).
At the start of 2024, the median days on market (DOM) was 77 days – by the end of the year, median DOM had decreased to 77 days.
Oakland, California started the year with 44.77% 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 32.18% of homes for sale had taken a price cut.
