March Madness: Oakland’s Median at $1M, Other Homes Sell for 100% Over List

March Madness: Oakland’s Median at $1M, Other Homes Sell for 100% Over List


Oakland median home sales prices 2013-2021 March


You know the saying, "mad as a March hare?"

We were never really sure what that meant until March 2021 came in (like a lion, you might say.)

East Bay home prices rose. Competition intensified. Sellers celebrated. And hopeful homebuyers wrote offer after offer after offer...and heard more no's than yes's.

It truly was March madness. (Enough with the clichéd March-isms, you beg).

Suffice to say, last month's housing market performed like the pandemic and recession never happened.

Here are a few wild highlights from the month:

  • Oakland's median sales price for a detached single family home hit $1 million, the first time that has happened during any month of March.
  • In Berkeley, a 2-bed, 3-bath mid-century house at 6 Harvard Circle in Berkeley sold for more than 100% over asking. It was listed at $1.15 million on March 5, received 29 offers, and closed for a breathtaking $2.3 million on March 29.
  • In the Montclair hills, a 3-bed, 2-bath traditional home at 7008 Thornhill Drive sold for almost 100% over the list price – advertised at $1,198,000 and closed at $2,025,000.
  • The median sales price in Alamo jumped from $2 million to $2.4 million year over year, making it the most expensive city we tracked.
  • In El Cerrito, detached single family homes sold for nearly 30% over the list price on average.



This red-hot market is a continued reflection of pent-up buyer demand, low inventory, rock-bottom interest rates, and growing consumer confidence. In March, U.S. consumer confidence hit its highest level since the start of the pandemic thanks to the passage of federal pandemic relief, a rebounding jobs market, and the vaccination roll out, according to a survey from the Conference Board.

It's a tough real estate scene for homebuyers on both ends of the economic spectrum, but we've been coaching our clients to practice patience, persistence, and positivity. You will find the home you are meant to be in!

If you have questions about buying and selling a home in this super-charged real estate market, please contact us at 888-400-ABIO (2246) or


What’s happening in YOUR city?

The following data is for detached single-family homes. Sources: Bay East Assoc. of Realtors and Contra Costa Assoc. of Realtors. Compiled by Abio Associate Broker Diana Smith.


Alameda County Home Sales

Alameda home sales March 2021

Albany home sales March 2021

Berkeley home sales March 2021

Castro Valley home sales March 2021

Oakland home sales March 2021

San Leandro home sales March 2021


Contra Costa County Home Sales

Alamo home sales March 2021

Concord home sales March 2021

El Cerrito home sales March 2021

Lafayette home sales March 2021

martinez home sales March 2021

Moraga home sales March 2021

Orinda home sales March 2021

pinole home sales March 2021

Pleasant Hill home sales March 2021

Richmond home sales March 2021

Walnut Creek home sales March 2021



Do you have questions about buying and selling a home in this super-charged real estate market? Contact us at 888-400-ABIO (2246) or