Millsmont, Oakland Housing Market · 2026

Data through Aug 2026

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

Millsmont, Oakland Market Snapshot

Millsmont favors sellers and competition is intensifying. Here's the picture:

Based on 18 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
$650K
▼ Down 0.4% from August 2025
Down $3K from August 2025
Homes Sold
18
Sold in the last 3 months. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$4,416/mo
7.28% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$3,556
  • Property Tax$677
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
21 days
▼ 5 fewer days than in August 2025
Homes typically sell within a month
Sale-to-List Ratio
106.4%
▲ Up from 104.9% in August 2025
Selling 6% above asking
% Sold Over Asking
70%
70% of homes sold above their asking price
Active Listings
10
▼ Down 30.9% from August 2025
About 1.7 months of supply. Very low, limited options for buyers

Market Trends

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

Median Sale Price
Down 0.4% year-over-year in Millsmont. Based on 18 sales in the last 3 months.
Homes Sold
29% more homes sold than a year ago in Millsmont.
Total Monthly Payment
Estimated monthly cost is roughly flat compared to a year ago in Millsmont.

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 Millsmont, Oakland

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

Millsmont, Oakland favors sellers and competition is intensifying. Buyers should prepare strong offers and expect limited room to negotiate on well-priced listings.

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

At $650K, Millsmont, Oakland's median sits about 63% below the Bay Area average of $1.78M. Millsmont, Oakland is among the most accessible parts of the Bay Area.

Within Oakland, this area trades about 20% below the city-wide median of $809K.

How competitive is Millsmont, Oakland for buyers?

Millsmont, Oakland currently favors sellers:

  • Homes sell about 6% above asking on average
  • 70% close above list price
  • 21 days typical time to go pending

Buyer strategy: well-priced homes still move quickly, but there is modest room for strong offers. Come in pre-approved with a clear plan.

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

At $650K with 20% down at 7.28%, your estimated total monthly cost is approximately $4,416:

  • $3,556 principal and interest
  • $677 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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