Oakland home prices are falling in 2026, but buyers are still facing competition in some of the East Bay’s most desirable neighborhoods. Zillow Home Values Index data showed Oakland’s average home value at $716,248 as of Monday, March 31, 2026. After inflation, that marked an 11.4% decline from 2025 and a 28.1% drop from 2019 levels. Why Oakland’s Housing Market Is Sending Mixed Signals Oakland was tied with Cape Coral, Florida, for the s