Monthly market wrap MONTHLY MARKET WRAP Oakland Condos · May 2026 Oakland held steady in May: the key market signals were mixed. Median sale price $498K ▼ -4.2% vs Apr Time to pending 32d ▼ 7 days faster vs Apr Sold over asking 46% ▲ +16 pts vs Apr Active listings 179 ▲ +1.1% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Oakland Condos · May 2026 46% of Oakland condos sold over asking, so pricing right matters more than ever. 100.7% average sale price vs. asking price Sold over asking 46% vs. a year ago +5 pts 100.5% 99.5% 98.6% Sold at asking price 100.7% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Are you an agent? Create a branded market page for free like this for your own cities.
Try ListingCopilot → The negotiation gap THE NEGOTIATION GAP Oakland Condos · May 2026 The typical Oakland condo closes +0.7% above its asking price. -$317K median sale price minus asking price Median asking price $815K Median sale price $498K $743K $614K $485K Sold Asking Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Oakland Condos · May 2026 Oakland condo values are climbing, up +6.0% in a year. $498K median sale price Year over year +6.0% Homes sold last month 41 $649K $571K $493K $498K Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Oakland Condos · May 2026 Oakland condos are taking 32 days to sell, 22 days faster than last year, so patience and pricing win. 32 days median time to pending Gone within two weeks 18% vs. a year ago 22 days faster 124d 83d 41d 32d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Oakland Condos · May 2026 Oakland inventory is down 25.4% year over year, keeping buyer choice tight. 179 active listings Year over year -25.4% Months of supply 4.4 223 176 128 179 Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Buying or selling in Oakland? Jason tracks this market every month and can give you a local read before your next move.
Price cuts PRICE CUTS Oakland Condos · May 2026 1 in 4 Oakland listings cut its asking price last month, up 5 pts from a year ago. 28% of active listings cut their asking price vs. a year ago +5 pts Active listings 179 27% 24% 21% 28% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Oakland Condos · May 2026 Only 18% of Oakland condos went pending within two weeks. Most listings are taking their time. 18% of listings went pending within two weeks Median time to pending 32 days vs. a year ago +8 pts 43% 31% 18% Half of listings 18% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Oakland Condos · May 2026 December is historically Oakland's calmest month for buyers: 4.4 pts less over-asking than April. December historically the calmest month for buyers Buyer's edge vs April -4.4 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -2.3 pts Bars over/under-asking vs the yearly average Line price seasonalityGenerated by ListingCopilot.io Source: Redfin housing market data 10-year price growth WAITING HAS A PRICE Oakland Condos · May 2026 Oakland condo values are down -2% from 10 years ago. -2% median sale price growth since 2016 Median price in 2016 $509K Average gain per year -0.2% $618K $561K $504K $498K May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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