New numbers from Zillow show that average home values in Oakland have been going down. According to the Zillow Home Values Index, which factors in data from all types of homes, the average home value in Oakland is $716,248 as of March 31 of this year. Factoring in inflation, that is down 11.4% from the same time last year and 28.1% from 2019.
Analysis of the data by the San Francisco Chronicle also found that Oakland was tied with Cape Coral, Florida, as the U.S. cities with 100,000 or more residents that saw the greatest percent decrease in home value since 2025.
Local real estate agents tell NBC Bay Area that, while they’ve seen a cooling in the market for some areas in Oakland, when it comes to in-demand neighborhoods, conditions are still competitive for buyers…