Real Estate Market Report - Oakland, CA (Nov, 2023)

The median sale/list price for single-family homes shows a steady increase from November 2022 to August 2023, with a peak in August at $883,950. However, there is a slight drop in September to $799,990 and a plateau in October at $799,000. The median sale/list price for condos/co-ops shows more volatility, with a significant jump in December 2022 to $885,000 and another spike in August 2023 to $1,027,500. Nevertheless, there are also drops in February and July 2023 to $560,000 and $637,500, respectively.

The median sale price per square foot of housing in the United States is expected to increase steadily from November 2022 to June 2023, reaching a high of $555.701 per square foot. However, there will be slight dips in the median sale price per square foot in July, August, and September 2023, before rising again in October 2023 to $453.719 per square foot.

The median sale price to list price ratio has been consistently above 1.0 since December 2022, indicating that homes are selling for higher than their listed price. However, there is some fluctuation in the ratio throughout the months, with a low of 0.974 in July 2023 and a high of 1.05 in October 2023.

The first dataset shows an increase in properties sold/listed from November 2022 to August 2023, with a peak of 44 properties sold/listed in May 2023. The second dataset shows a relatively consistent number of properties listed each month, ranging from 7 to 14.