Market Intelligence · CA / Oakland

Oakland, CA 94609 Housing Market

The typical home value in Oakland's 94609 ZIP code is $968,042, up 6.5% over the past year as of September 2026. The median list price sits at $846,722, and homes are moving at a median of 23 days on the market.

Updated September 2026Median value$968K

The median home value in Oakland, CA 94609 is $968K as of September 2026, up 6.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 94609 range

$891K to $1.05M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+6.5% over 12 months

Sep 2025$909K

Low $908KHigh $968K

Sep 2026$968K

The numbers

What is the 94609 housing market like?

As of September 2026

Typical home value

$968K

6.5%YoY

Median list price

$847K

12.0%MoM

Days on market

17.9%MoM

Homes for sale

5.3%MoM

Price cuts

3.2%

New listings

66.7%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

94609 housing market forecast 2027

+1.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 94609 to rise 1.0% by September 2027.

Over the 12 months through September 2026, typical home values in 94609 rose 6.5%, per the Zillow Home Value Index.

Will home prices drop in 94609?

Zillow's forecast does not call for a drop: it expects typical home values in 94609 to rise 1.0% by September 2027, after a 6.5% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 94609 home prices compare?

94609$968,042
Oakland$659,248
California$692,765
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Oakland: 13 ZIPs; California: 1,543 ZIPs; United States: 26,262 ZIPs).

Context

Sellers in 94609 are working with a small pool of competition, with 20 homes for sale and 20 new listings as of September 2026. The typical home value is $968,042, up 6.5% over the past year, while the median list price is $846,722. Homes are going under contract at a median of 23 days, which points to steady buyer demand. Only 3.2% of listings have taken a price cut, so most sellers are holding close to their asking prices. For a seller, the data describes a market where well-priced homes are finding buyers without much discounting.

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Down payment20% · $193,608

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Common questions

What people ask us.

How much is a home in 94609 worth?

The typical home value in 94609 is $968,042 as of September 2026, up 6.5% over the past year. The median list price is $846,722.

How fast are homes selling in 94609?

Homes in 94609 are spending a median of 23 days on the market as of September 2026. That pace suggests buyers are acting quickly on listings they want.

Are sellers in 94609 cutting their prices?

As of September 2026, 3.2% of listings in 94609 had a price cut. That is a small share, which indicates most sellers are getting interest at or near their asking price.

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