{"id":309268,"date":"2026-05-10T19:06:07","date_gmt":"2026-05-10T19:06:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/309268\/"},"modified":"2026-05-10T19:06:07","modified_gmt":"2026-05-10T19:06:07","slug":"oakland-revealed-as-joint-worst-housing-market-in-america","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/309268\/","title":{"rendered":"Oakland revealed as joint worst housing market in America"},"content":{"rendered":"

Home prices in Oakland, California<\/a> have plummeted nearly 10 percent from this time last year, evaporating the equity owners spent years growing and sliding the housing market back to levels not seen in a decade.\u00a0<\/p>\n

The average home value in Oakland is $716,248, down roughly 8.5% compared to last year, according to the most recent Zillow<\/a> data from March.\u00a0<\/p>\n

Oakland, Ca. is tied for the country\u2019s worst housing market with prices dropping 8.5% compared to last year, according to Zillow. San Francisco Chronicle via Getty Images<\/p>\n

After adjusting for inflation, the real estate crisis is even more bleak \u2014 representing a year-over-year decline of more than $90,000 or about 11.4%, the San Francisco Chronicle<\/a> noted.<\/p>\n

Oakland is now tied with Cape Coral, Florida for the country\u2019s worst housing market.\u00a0<\/p>\n

The housing market in Oakland is bleak, dropping to levels that haven\u2019t been seen since 2015. Bloomberg via Getty Images<\/p>\n

Home values plummeted by 28% since March 2019. San Francisco Chronicle via Getty Images<\/p>\n

A quick search on Zillow, showed multiple houses in the last month reducing prices anywhere\u00a0 from $20,000 to more than $60,000 as demand softens.\u00a0<\/p>\n

Home values in the major California town have dropped by 28% since March 2019, and according to the Chronicle the last time prices were this low was in 2015 \u2014 a stark contrast from its peak when the typical value topped a million dollars.\u00a0<\/p>\n

\u201cI know several people who were like, \u2018Can I break even if I sell my condo in downtown Oakland, next to Lake Merritt?\u2019\u201d Susie Wyshak, a real estate agent located in the East Bay told the Chronicle.\u00a0<\/p>\n

But not all neighborhoods are suffering the same crippling housing market, with another realtor telling he outlet \u201cOakland is behaving (like) several little micro-markets rather than one market.\u201d\u00a0<\/p>\n

The average home price in Oakland is $716,248 according to the latest real estate data from Zillow. <\/p>\n

For example, while certain area codes in the city\u2019s downtown area have dropped by 16% other residential neighborhoods, like Rockridge, have only declined by about 5% from last year, the paper noted.\u00a0<\/p>\n

Rising interest rates<\/a> and a cost of living that many view as an affordability crisis has decimated Oakland, a city that isn\u2019t seeing the same tech resurgence like its neighboring city across the water in San Francisco.\u00a0<\/p>\n

\u201cI think it\u2019s really, purely the economy at this point,\u201d realtor Andrea Gordon told the Chronicle.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Home prices in Oakland, California have plummeted nearly 10 percent from this time last year, evaporating the equity…\n","protected":false},"author":2,"featured_media":309269,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[380,7,1011,4182,143,145,144,101,3586],"class_list":["post-309268","post","type-post","status-publish","format-standard","has-post-thumbnail","category-oakland","tag-affordable-housing","tag-california","tag-housing","tag-metro","tag-oakland","tag-oakland-headlines","tag-oakland-news","tag-san-francisco","tag-us-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/309268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=309268"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/309268\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/309269"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=309268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=309268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=309268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}