Scott Ward's Market Update

Berkeley, CA 94705

Single-Family Homes

Scott Ward Real Estate | www.scottward.me | scott@scottward.me


Berkeley, CA 94705

Thu Aug 06 2026
This week the median list price for Berkeley, CA 94705 is $1,900,000 with the market action index hovering around 56. This is less than last month's market action index of 69. Inventory has decreased to 9. Click here to stay informed with the Berkeley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Berkeley, CA 94705

Thu Aug 06 2026
This week the median list price for Berkeley, CA 94705 is $1,900,000 with the market action index hovering around 56. This is less than last month's market action index of 69. Inventory has decreased to 9. Click here to stay informed with the Berkeley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Berkeley market.
Median List Price $1,900,000
Median Price of New Listings $0
Per Square Foot $628
Average Days on Market 37
Median Days on Market 28
Price Decreased 44%
Price Increased 0%
Relisted 0%
Inventory 9
Median Rent
Market Action 56
Strong Seller's Market

This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,348,000 4,492 6,500 - 8,000 sqft 4 4 26 0 1 70
$2,025,000 3,290 6,500 - 8,000 sqft 3 4 30 0 0 28
$1,774,000 3,202 4,500 - 6,500 sqft 4 4 72 0 0 21
$949,444 1,014 4,500 - 6,500 sqft 2 1 67 0 0 14