{"id":312258,"date":"2026-05-12T17:53:09","date_gmt":"2026-05-12T17:53:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/312258\/"},"modified":"2026-05-12T17:53:09","modified_gmt":"2026-05-12T17:53:09","slug":"heres-whats-causing-oakland-home-values-to-drop","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/312258\/","title":{"rendered":"Here&#8217;s what&#8217;s causing Oakland home values to drop"},"content":{"rendered":"<p> <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/05\/800jeu3xq6y1cq96.jpg\" alt=\"Oakland home values fall 11% since last year\" class=\"sr-only\" data-v-4292be72=\"\"\/>    <\/p>\n<p data-v-871f4c88=\"\">OAKLAND, Calif. &#8211; Oakland home values have now fallen to their lowest levels in about 10 years.<\/p>\n<p>   Oakland real estate <\/p>\n<p original-article-post=\"\" origination_station=\"KTVU\" data-v-ec26887a=\"\" data-v-871f4c88=\"\">By the numbers:<\/p>\n<p data-v-871f4c88=\"\">According to data from Zillow, the median priced home in Oakland was $716,000 in March.<\/p>\n<p data-v-871f4c88=\"\">That&#8217;s a more than 11% drop over the past year alone.<\/p>\n<p data-v-871f4c88=\"\">Experts point to rising mortgage rates, economic uncertainty, and soft demand as the reasons behind the downturn.<\/p>\n<p data-v-871f4c88=\"\">Red Oak Realtor Diedre Joyner said there&#8217;s another reason: interest in condos is dropping, which is affecting the overall data.<\/p>\n<p data-v-871f4c88=\"\">&#8220;I think that when COVID-19 hit, people started to second-guess some of the shared spaces,&#8221; she said, adding that rising insurance rates and HOA dues have made people rethink condominium prices.\u00a0<\/p>\n<p data-v-871f4c88=\"\">She pointed to single family homes in Oakland, where the median price is $875,000, which dipped just 3% from last year.<\/p>\n<p>     <a href=\"https:\/\/www.ktvu.com\/tag\/us\/ca\/alameda-county\/oakland\" class=\"tags-tag\" data-v-871f4c88=\"\" rel=\"nofollow noopener\" target=\"_blank\">Oakland<\/a><a href=\"https:\/\/www.ktvu.com\/tag\/consumer\/real-estate\" class=\"tags-tag\" data-v-871f4c88=\"\" rel=\"nofollow noopener\" target=\"_blank\">Real Estate<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"OAKLAND, Calif. &#8211; Oakland home values have now fallen to their lowest levels in about 10 years. Oakland&hellip;\n","protected":false},"author":2,"featured_media":312259,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[389,1184,7948,100,143,145,144,388,1181],"class_list":["post-312258","post","type-post","status-publish","format-standard","has-post-thumbnail","category-oakland","tag-alameda-county","tag-ca","tag-consumer","tag-news","tag-oakland","tag-oakland-headlines","tag-oakland-news","tag-real-estate","tag-us"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/312258","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=312258"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/312258\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/312259"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=312258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=312258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=312258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}