Oakland, CA Homes For Sale & Real Estate

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Oakland, CA Real Estate Insights

Oakland's convenient and central location in the East Bay provides easy access to bothSan Francisco and Berkeley, to major metropolitan hubs for commuters. Public transportation connects all three cities, both by ferry and by bus, so getting by without a car is possible. Oakland is home to a few major sports teams, including the A's, Raiders and Warriors, so there's no shortage of athletic entertainment in the area if desired. Trulia gives Oakland a 6 out of 6 score for active lifestyle rankings, restaurants, cafes, nightlife and arts, providing endless local opportunities for extracurriculars within the East Bay.

Oakland is filled with culture and creativity, which is why San Francisco's sister city has seen such an increase in development, both commercial and residential, over the past few years. Plenty of Bay Area residents see Oakland's potential and are taking the opportunity to move east, as is evident in Oakland's consistent rising home prices. The price-per-square foot on homes for sale in Oakland has increased 17.24 percent year-over-year from $319 to $374. What's more, the average list price, once $508,472 in 2014, was $553,225 in 2015, an 8.8 percent increase. But, the number of homes for sale in Oakland is also on the rise, allowing future buyers more options while keeping prices moderate. Tighter inventory typically leads to higher list prices. In 2014, Trulia featured 350 Oakland listings, and in 2015, the number of homes for sale increased to 392, a 12 percent escalation.