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Studio Home for Sale in Oakland, CA

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    $875,000

    • Studio
    • 2,754 Sq Ft

    23 Peroly Ct, Oakland, CA 94601

    adriana Perez-Bell Kollab Real Estate

    23 Peroly Ct, Oakland, CA 94601

Why Live in Oakland

Oakland's cultural richness comes alive through destinations like Lake Merritt, where residents stroll waterfront paths, rent boats, and explore gardens. The historic Fox Theater and Paramount Theatre host performances in stunning art deco venues, while Jack London Square buzzes with waterfront dining and shopping. Nature lovers frequent Redwood Regional Park's towering trees and the Oakland Zoo's California Trail gondola. The dining scene features standouts like Burdell's soul food, Parche's Colombian cuisine, and alaMar's Dominican-American seafood.

The housing market spans diverse options across distinct neighborhoods. Single-family homes predominate in Rockridge with a median price of $1,587,000, while Montclair's median reaches $1,327,500. Grand Lake and Temescal feature single-family homes with median prices of $1,180,000 and $1,100,000 respectively. Condos cluster in Adams Point, where one-bedrooms have a median price of $399,000 and two-bedrooms $549,500. Jack London Square condos command higher prices, with one-bedrooms at $450,000 and two-bedrooms at $740,000.

Oakland's cost of living stands 36.2% above the national average. A married couple with children needs approximately $145,000 annually to live comfortably, while renters should aim for $83,000. Monthly expenses for families average $12,000, including $1,800 for groceries and $4,000 for housing. Property taxes rate at 0.76%, comparable to Berkeley but higher than San Francisco's 0.68%. The public school system includes Oakland Technical High School serving multiple neighborhoods, while private institutions like Head-Royce School maintain A+ ratings. BART connects residents to San Francisco in 15-20 minutes, with comprehensive bus and ferry options available.

Frequently Asked Questions

What is the average home price in Oakland, CA?
Homes for sale in Oakland, CA have an average home price of $910,638.
Are home prices dropping in Oakland?
Yes, home prices in Oakland are down 3% in the last 12 months.
How many homes have sold over the last 12 months in Oakland, CA?
3,973 homes have sold in Oakland, CA over the last 12 months.
Is Oakland, CA a safe city?
In general, the safest neighborhoods in Oakland, CA with lower crime scores are Panoramic Hill, Claremont Hills, Hiller Highlands, Sequoyah and Skyline-Hillcrest Estates.
What are the most popular neighborhoods in Oakland, CA?
The most popular neighborhoods in Oakland, CA with the most homes for sale are Sequoyah, West Oakland, Adams Point, Chinatown and Grand Lake.
How much do you need to make to afford a house in Oakland?
The median home price in Oakland is $799,000. If you put a 20% down payment of $159,800 and had a 30-year fixed mortgage with an interest rate of 6.23%, your estimated principal and interest payment would be $3,930 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $168K a year to afford the median home price in Oakland. Learn how much home you can afford with our Home Affordability Calculator.
How are the schools in Oakland, CA?
Oakland, CA has highly rated public and private schools. Some of the best schools in Oakland based on Niche Grades are Bishop O Dowd High School, Black Pine Circle School and East Bay School For Boys. The neighborhoods in Oakland with the highest rated schools are Fairview Park, Panoramic Hill and Claremont Hills. Browse all the schools in Oakland, CA to learn more.

Home Trends in Oakland, CA

Housing Trends

Median Sale Price
$830,000
Median Single Family Sale Price
$930,000
Median Townhouse Sale Price
$799,000
Median 2 Bedroom Sale Price
$530,000
Median 1 Bedroom Sale Price
$385,000
Average Price Per Sq Ft
$565
Number of Homes for Sale
632
Last 12 months Home Sales
3,973
Months of Supply
1.90
Median List Price
$799,000
Median Change From 1st List Price
-3%
Median Home Sale Price YoY Change
-5%
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