Oakley Housing Update: Prices Ease as 176-Home Project Advances
Oakley, CA – March 12, 2026 – Home prices are down year over year, inventory is building, and a 176-home subdivision moves through review.
Home prices in Oakley, CA have softened compared to a year ago, while the number of homes on the market has increased. The shift is giving buyers more negotiating leverage, even as the city remains competitive in certain price ranges.
Top takeaways
- Median sale price: $655K in January 2026, down 5.8% year over year.
- Typical home value: About $649K, down 4.5% over the past year.
- Inventory: Roughly 85 homes listed for sale at the end of January.
- Development: A 176-home subdivision is under Planning Commission review.
Market snapshot
According to Redfin, the median sale price reached $655,000 in January 2026. Homes sold in an average of 68 days, with 11 closed sales during the month. While prices are lower than a year ago, Oakley is still described as a competitive market, and some homes continue to receive multiple offers.
Zillow’s Home Value Index places the typical home value near $649,000, reflecting a 4.5% annual decline. Median days to pending were about 48 at the end of January, suggesting that well-priced homes are still moving in a reasonable timeframe. The median list price was reported near $699,000, with approximately 85 active listings on the market.
Development watch
The proposed Stonecreek Subdivision would add 176 single-family homes on roughly 50 acres. Plans include a neighborhood park and stormwater improvements. The Planning Commission discussed the project’s Vesting Tentative Map on March 3. If approved, the subdivision would represent one of the larger additions to local housing supply in recent years and could gradually influence future inventory levels.
What’s for sale
Active listings span a wide range. Entry-level single-family homes are available in the high $400Ks, while larger properties exceed $1.5M. Many listings cluster in the high $600Ks to low $700Ks, aligning closely with the reported median list price. Buyers can choose from established neighborhoods as well as newer construction, depending on availability and budget.
With prices easing and inventory building modestly, the coming months will show whether the market continues to rebalance or tightens again as the spring season unfolds.