Real Estate Market Update for 94605 (Oakland, CA)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 53% from one year earlier, and down 35% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 460-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 32%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 480-thousand dollars. The number of units sold decreased 15% year-over-year, and decreased 18% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 94605 (Oakland, CA)
Area Information for 94605 (Oakland, CA)
  • Population: 39,656
  • Median Age: 37.73 yr
  • Median Commute Time: 28.04 mins
  • Educational Climate*: 4
  • Sales Tax: 9%
  • Population Density: 4,428/sq mi
  • Population Change Since 2000: -4.98%
  • Closest Airport: Metropolitan Oakland International
  • Closest College: Mills College
  • Closest Jr. College: Merritt College
  • Median Household Income: $57,370
  • Annual Residential Turnover: 12.74%
  • Median Years in Residence: 4.43 yr
  • Median Home Sales Price: $200,000
  • Closest Major Sports Team: Raiders
  • Change Avg. Household Income Since 2000: 20%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 94605 (Oakland, CA)
Median Age: 37.73 Married: 23% Number of Households: 14,941 Households with Children: 5,024
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 94605 (Oakland, CA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Howard Elementary 0.1 mi Public K-5 2 3
      Bay Area Technology 0.4 mi Public 6-12 2 4
      Independent Study, Sojourner Truth 0.4 mi Public K-12 0 0
      Northern Light 0.4 mi Private PRESCHOOL-8 0 4
      Color Me Children 0.5 mi Private PRESCHOOL-K 0 0
      Bishop O'dowd High School 0.7 mi Catholic 9-12 0 4
      Castlemont High School 0.7 mi Public 9-12 0 0
      Reach Academy 0.8 mi Public K-5 0 0
      Parker Elementary 0.9 mi Public K-6 3 1
      Aspire Millsmont Secondary Academy 1.1 mi Public 6-12 1 4
      Aspire College Academy 1.1 mi Public K-5 0 0
      Burckhalter Elementary 1.3 mi Public K-5 1 5
      Grass Valley Elementary 1.5 mi Public K-5 1 3
      Markham Elementary 1.6 mi Public K-5 1 3
      Burbank Preschool Center 1.8 mi Public PRESCHOOL-PRESCHOOL 0 0
      Spectrum Center, Inc Camden 1.9 mi Private 2-12 0 0
      Frick Middle School 2.0 mi Public 6-8 1 3
      Oakland Unity High School 2.1 mi Public 9-12 2-5 4
      East Oakland Leadership Academy 2.3 mi Public K-8 2-5 3
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 94605 (Oakland, CA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.