Scott Ward's Market Update

Berkeley, CA 94705

Single-Family Homes

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


Berkeley, CA 94705

Fri Jan 10 2025
This week the median list price for Berkeley, CA 94705 is $2,074,500 with the market action index hovering around 47. This is less than last month's market action index of 49. Inventory has decreased to 8. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Berkeley, CA 94705

Fri Jan 10 2025
This week the median list price for Berkeley, CA 94705 is $2,074,500 with the market action index hovering around 47. This is less than last month's market action index of 49. Inventory has decreased to 8. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Berkeley market.
Median List Price $2,074,500
Median Price of New Listings $0
Per Square Foot $501
Average Days on Market 143
Median Days on Market 91
Price Decreased 0%
Price Increased 13%
Relisted 13%
Inventory 8
Median Rent
Market Action 47
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$5,972,500 4,694 0.5 - 1 acre 5 5.5 12 0 0 304
$2,174,500 4,421 6,500 - 8,000 sqft 7 4.5 59 0 0 63
$1,999,000 3,982 8,000 - 10,000 sqft 4 3.5 15 0 0 161
$941,500 2,813 0.25 - 0.5 acre 4 3.3 26 0 0 42