Real Estate Market Update for 94607 (Oakland, CA)
Welcome to June'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 up 16% from one year earlier, and down 21% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 650-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up nearly 200%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 650-thousand dollars. The number of units sold decreased 25% year-over-year, and decreased 37% 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 94607 (Oakland, CA)
Area Information for 94607 (Oakland, CA)
  • Population: 27,430
  • Median Age: 37.62 yr
  • Median Commute Time: 29 mins
  • Educational Climate*: 4
  • Sales Tax: 9%
  • Population Density: 4,656/sq mi
  • Population Change Since 2000: 29.8%
  • Closest Airport: Metropolitan Oakland International
  • Closest College: Academy Of Chinese Culture-hlth Sciences
  • Closest Jr. College: Laney College
  • Median Household Income: $36,542
  • Annual Residential Turnover: 19%
  • Median Home Sales Price: $475,000
  • Closest Major Sports Team: Golden State Warriors
  • Change Avg. Household Income Since 2000: 65.78%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 94607 (Oakland, CA)
Median Age: 37.62 Married: 25% Number of Households: 11,439 Households with Children: 2,417
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 94607 (Oakland, CA)

      School Name Distance Type Grades School Rating Parent Rating
      Civicorps Corpsmember Academy 0.0 mi Public 12-12 0 0
      Preparatory Literary Academy Of Cultural Excellence 0.1 mi Public PRESCHOOL-5 0 0
      Pentecostal Way Of Truth School Academy 0.2 mi Private K-12 0 0
      St Vincent's Day Home 0.7 mi Private PRESCHOOL-K 0 0
      Ralph J. Bunche High School 0.7 mi Public 9-12 1 3
      Vincent Academy 0.7 mi Public K-5 0 0
      Martin Luther King, Jr. Elementary School 0.9 mi Public PRESCHOOL-5 0 0
      West Oakland Middle School 0.9 mi Public 6-8 0 0
      Kipp Bridge Charter School 0.9 mi Public 5-8 3 4
      Lafayette Elementary School 1.1 mi Public K-5 0 0
      Mcclymonds High School 1.3 mi Public 9-12 1 3
      Oakland Adult And Career Education 1.3 mi Public - 0 0
      John Henry High 1.7 mi Public 9-12 0 0
      Oakland Charter High School 1.7 mi Public 6-8 5 3
      Lincoln Elementary School 1.8 mi Public PRESCHOOL-5 4 0
      American Indian Public Charter School Ii 1.9 mi Public K-8 5 0
      American Indian Public Charter School 1.9 mi Public K-8 4 5
      American Indian Public High School 1.9 mi Public 11-12 5 3
      Gateway To College At Laney College School 2.1 mi Public UNGRADE-UNGRADE 0 0
      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: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 94607 (Oakland, CA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.