Oakland, CA 94705 Real Estate Market Report

ZIP Code: 94705
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Oakland, CA are averaging 6.37%, reflecting a market environment where rates have fluctuated throughout early 2026 due to geopolitical and economic volatility.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market indicator, $1,624,500 as the median sold price, indicates realized transaction values that suggest a stabilizing, slightly upward price trend in the neighborhood; recent price direction is up, consistent with the observed price year-over-year trend.

2. There is a material spread between $2,345,000 median listing price and the median sold price, which suggests notable pricing friction where seller expectations may be above recent transaction levels and may require negotiation or price adjustments to achieve closings.

3. The market exhibits slower sales velocity as reflected by 361 median days on market, which may indicate longer listing lifespans and reduced liquidity even while transaction prices remain stable; expect moderate time-to-contract for typical SFR and condo offerings.

4. Rental fundamentals remain supportive with 2,295 median market rent and a rent year-over-year trend that is up; however, buyers should factor in moderate interest rate pressure and current 30-year fixed mortgage rates averaging 6.37%, which may temper buyer affordability and transaction pacing.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Oakland, CA 94705 Real Estate Market Report

ZIP Code: 94705
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Oakland, CA are averaging 6.37%, reflecting a market environment where rates have fluctuated throughout early 2026 due to geopolitical and economic volatility.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market value signal is the median sold price of 675,000, which indicates recent transaction-level pricing and suggests a stabilizing, slightly upward trend in realized prices; given the price year-over-year trend is up, this median sold price appears to reflect a market that may be bottoming and beginning to appreciate.

2. Liquidity is slow relative to typical turnover: the median days on market is 392, which points to prolonged listing durations and suggests pricing friction or careful buyer underwriting rather than rapid bidding wars; this slower sales velocity may temper near-term upside despite upward price trend signals.

3. Price density and rental context show premium unit economics: the median price per square foot is 799 while the median market rent is 2,150, indicating strong rent levels relative to price density and supporting continued investor and landlord interest as rent year-over-year trend is up; expect rental demand to remain a supportive factor for valuations.

4. Financing and market balance: market temperature is reported as neutral and interest rate pressure is moderate, with Current 30-year fixed mortgage rates in Oakland averaging 6.37%, which may sustain cautious buyer activity and prolong time-to-contract even as prices show upward momentum.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.