Oakland’s median home price is half San Francisco’s

Posted on March 4, 2015 by

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  • 99b73 40679713 0 Oaklands median home price is half San Franciscos


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This Maxwell Park Craftsman bungalow sold for $525K at the end of 2014.

Image 1 of 21 – A median-priced home in Oakland

This Maxwell Park Craftsman bungalow sold for $525K at the end of 2014.

This Maxwell Park Craftsman bungalow sold for $525K at the end of…2014.

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The updated kitchen

Image 2 of 21 – A median-priced home in Oakland

The updated kitchen

The updated kitchen

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Another view of the kitchen

Image 3 of 21 – A median-priced home in Oakland

Another view of the kitchen

Another view of the kitchen

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The living room, with fireplace

Image 4 of 21 – A median-priced home in Oakland

The living room, with fireplace

The living room, with fireplace

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The living room opens to the dining room.

Image 5 of 21 – A median-priced home in Oakland

The living room opens to the dining room.

The living room opens to the dining room.

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The dining room

Image 6 of 21 – A median-priced home in Oakland

The dining room

The dining room

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Built-ins in the dining room

Image 7 of 21 – A median-priced home in Oakland

Built-ins in the dining room

Built-ins in the dining room

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An eat-in area on the way to the office and master bedroom

Image 8 of 21 – A median-priced home in Oakland

An eat-in area on the way to the office and master bedroom

An eat-in area on the way to the office and master bedroom

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The master bedroom

Image 9 of 21 – A median-priced home in Oakland

The master bedroom

The master bedroom

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The master connects to a wood-paneled sitting room.

Image 10 of 21 – A median-priced home in Oakland

The master connects to a wood-paneled sitting room.

The master connects to a wood-paneled sitting room.

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The sitting room/den

Image 11 of 21 – A median-priced home in Oakland

The sitting room/den

The sitting room/den

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The master bath

Image 12 of 21 – A median-priced home in Oakland

The master bath

The master bath

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The vanity in the master bath

Image 13 of 21 – A median-priced home in Oakland

The vanity in the master bath

The vanity in the master bath

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A wood-paneled office

Image 14 of 21 – A median-priced home in Oakland

A wood-paneled office

A wood-paneled office

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The full bath for the main level of the house

Image 15 of 21 – A median-priced home in Oakland

The full bath for the main level of the house

The full bath for the main level of the house

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Soaker tub and shower

Image 16 of 21 – A median-priced home in Oakland

Soaker tub and shower

Soaker tub and shower

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A second bedroom

Image 17 of 21 – A median-priced home in Oakland

A second bedroom

A second bedroom

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A third bedroom

Image 18 of 21 – A median-priced home in Oakland

A third bedroom

A third bedroom

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The back of the home

Image 19 of 21 – A median-priced home in Oakland

The back of the home

The back of the home

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A pergola

Image 20 of 21 – A median-priced home in Oakland

A pergola

A pergola

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Inside the pergola

Image 21 of 21 – A median-priced home in Oakland

Inside the pergola

Inside the pergola

Despite the run up in Oakland’s home prices over the last year, the East Bay city still has a median house price that is half San Francisco’s median, according to a new survey from Paragon Real Estate. Paragon found that between mid-August 2014 and mid-February 2015, Oakland’s median house price was $520K, versus $1.1 million in San Francisco. (Take a look at what you can get for that price in the gallery above.)

Oakland’s median was also less expensive than Berkeley, which had a median of $918K, and Alameda, which had a median of $710K. Neighboring Piedmont’s median of $1.8 million not only made it dramatically more expensive than Oakland, or even San Francisco, it actually came in higher than ritzy Bay Area locales like Burlingame ($1.7 million), Mill Valley ($1.3 million) and Larkspur ($1.5 million).

Oakland did not have the lowest median in the East Bay, however. With a median of only $330K, that honor went to Richmond. Hayward also came in below Oakland, with a $431K median, as did Concord ($444K).

On the peninsula, Daly City($700K) and Pacifica ($720K) were both relative bargains in an area where even modest homes are trading at higher and higher prices. Atherton took the top prize for most-expensive median in the Bay Area; at $5.4 million for a single-family home, it was far above even Hillsborough ($3.25 million) and Palo Alto ($2.5 million). The area even bested one of San Francisco’s most expensive neighborhoods, Pacific Heights, where the $4.1 million median is still not enough to get a home in the little town Forbes magazine named its most expensive zip code.

Emily Landes is a writer and editor who is obsessed with all things real estate.

Article source: http://blog.sfgate.com/ontheblock/2015/03/03/oaklands-median-home-price-is-half-san-franciscos/

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