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Oakland’s housing slide gets steeper
Oakland’s housing market is going through a rough stretch, and many longtime residents are surprised by how quickly prices have dropped. Just a few years ago, homes were selling near record highs, with buyers rushing to compete for a limited number of listings across the city.
Now, the mood feels very different. Zillow says the typical Oakland home was worth about $716,000 in March 2026, far below the inflation-adjusted peak reached during the pandemic housing boom.
Rising mortgage rates, affordability pressure, and changing buyer habits have cooled demand across many neighborhoods. Even so, some areas continue to attract strong offers from buyers seeking good schools, walkable streets, and homes with long-term value.
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Prices fell faster than most cities
Oakland’s housing decline is now among the sharpest in the country. Zillow data shows home values dropped more than 11% in just one year after adjusting for inflation…