A search in Oakland for homes under $400,000 results in hundreds and hundreds of listings that match the criteria. But the same search using neighborhoods results in something very different.
If you are looking in Montclair area (94611) for under $400,000 you won’t find anything unless you increase the criteria to at least $600,000. Even this gives you just 3 results.
Under $400,000 in Rockridge, Hiller Highlands neighborhoods (94618) - again, 0 results unless you are increase the maximum to at least $600,000 - but just 1 result in that range ($0-$600,000).
You’ll have more luck in East and West Oakland. Under $400,000 results in hundreds of listing, however, this isn’t unexpected for East and West Oakland where the Median Sales Prices by zip code are:
94603:$305,100
94607: $365,476
94621: $300,000
Looking a little lower at homes for under $100,000 you’ll find 5 homes for sale. The majority of those “Bank Owned, Short Sales or Going to Foreclosure”.

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