Merriewood, Oakland Housing Market · 2026

Data through Aug 2026

Data curated by Melanie Tan, 8 Blocks Real Estate · How this data works

Merriewood, Oakland Market Snapshot

Merriewood is one of the most competitive markets in the Bay Area, and it's still heating up. Here's what you need to know:

Based on 19 homes sold in the 3 months ending August 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through August 2026

SalesWhat are homes selling for?
Median Sale Price
$1.36M
▲ Up 17.2% from August 2025
Up $200K from August 2025
Homes Sold
19
Sold in the last 3 months. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$9,073/mo
7.28% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$7,468
  • Property Tax$1,421
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
12 days
▼ 9 fewer days than in August 2025
Homes sell in a week or two
Sale-to-List Ratio
133.2%
▲ Up from 117.5% in August 2025
Selling 33% above asking
% Sold Over Asking
83%
83% of homes sold above their asking price
Active Listings
10
▲ Up 20.9% from August 2025
About 1.6 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in Merriewood.

Median Sale Price
Up 17.2% year-over-year in Merriewood. Based on 19 sales in the last 3 months.
Homes Sold
58% more homes sold than a year ago in Merriewood.
Total Monthly Payment
Estimated monthly cost is up 18% from a year ago in Merriewood, reflecting changes in both price and mortgage rates.

Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.

30-Year Fixed Mortgage Rate (National Avg.)
National average currently at 7.28%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about Merriewood, Oakland

Is now a good time to buy in Merriewood, Oakland?

Merriewood, Oakland is one of the most competitive markets in the Bay Area. Buyers should expect to offer above asking price, be prepared to waive contingencies, and act fast. Coming in with strong financing and a clear strategy is essential.

How do Merriewood, Oakland home prices compare to the Bay Area average?

At $1.36M, Merriewood, Oakland's median sits about 23% below the Bay Area average of $1.78M. That average is skewed high by ultra-premium peninsula enclaves like Atherton and Woodside, so a more useful frame is that Merriewood, Oakland is one of the more accessible corners of the Bay Area.

Within Oakland, this area trades about 69% above the city-wide median of $809K.

How competitive is Merriewood, Oakland for buyers?

Merriewood, Oakland is one of the Bay Area's more competitive markets:

  • Homes sell about 33% above asking on average
  • 83% close above list price
  • 12 days typical time to go pending

Buyer strategy: budget 5 to 10% above ask on well-priced listings, with financing pre-approved and offers ready to move quickly.

What will my total monthly cost be on a median-priced Merriewood, Oakland home?

At $1.36M with 20% down at 7.28%, your estimated total monthly cost is approximately $9,073:

  • $7,468 principal and interest
  • $1,421 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra.

No noise, just a quick weekly read on what's going on in your market.

Melanie Tan
Melanie Tan
DRE #02250755
“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
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