Lake Merritt, CA Housing Market

$666,025

11.7% 1-yr

The average Lake Merritt, CA home value is $666,025, down 11.7% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Lake Merritt Key Takeaways

Typical Home Values: $666,025

1-year Value Change: -11.7%

(Data through September 30, 2025)

Lake Merritt Housing Market Overview

--1-year Market Forecast

4For sale inventory(September 30, 2025)

--New listings(September 30, 2025)

--Median sale to list ratio

--Median sale price

--Median list price(September 30, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

NameMedian ZHVI
Adams Point$507,830
Lakeside$583,679
Waverly$473,945
Civic Center--
Cleveland Heights$855,056
Merritt$546,643
Downtown--
Oakland Avenue/Harrison Street$495,918
Northgate$617,711

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Lake Merritt Rental Market Trends

--Average rent in Lake Merritt

$1,979National average rent(September 30, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.