Oakland Home Prices Fall Sharply, Among The Steepest Declines In The Nation

CBS Bay Area

May 12, 2026

Oakland's housing market is seeing some of the steepest price declines in the country, with home values falling sharply as sellers, buyers and real estate agents navigate a difficult market.

New data from real estate company Zillow shows Oakland home values have dropped more than 11% over the past year, adjusted for inflation, tying the city with Cape Coral for the largest decline in the nation.

The typical home in Oakland is now valued at about $716,000, according to Zillow.

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