New numbers from Zillow show home values in Oakland are going down.
New data from Zillow analyzed by the San Francisco Chronicle shows Oakland home values fell 11.4% from 2025, and 28% from 2025, adjusting for inflation.
The analysis also found that Oakland had one of the greatest percent decreases since 2019. Real estate agents in the area tell NBC Bay Area that, while there is cooling in some areas for in-demand neighborhoods, it’s still competitive for buyers.
“In certain neighborhoods like Crocker Highlands here most homes will sell in after say two weekends of open houses and they’ll get multiple offers and go 20% to 40%, sometimes more than that over the list price,” said Ben Kahn, a real state agent.
Another factor real estate agents say is on the horizon is the AI bubble. As home prices increase in San Francisco, they say they are starting to see more buyers who work in AI but are priced out of the city by the Bay.