Scott Ward's Market Update

Berkeley, CA 94702

Single-Family Homes

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


Berkeley, CA 94702

Fri Jan 10 2025
This week the median list price for Berkeley, CA 94702 is $1,199,000 with the market action index hovering around 44. This is less than last month's market action index of 46. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Berkeley, CA 94702

Fri Jan 10 2025
This week the median list price for Berkeley, CA 94702 is $1,199,000 with the market action index hovering around 44. This is less than last month's market action index of 46. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Berkeley market.
Median List Price $1,199,000
Median Price of New Listings $0
Per Square Foot $981
Average Days on Market 131
Median Days on Market 63
Price Decreased 44%
Price Increased 22%
Relisted 22%
Inventory 9
Median Rent
Market Action 44
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.

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
$1,599,500 1,461 0 - 4,500 sqft 4 3 54 0 1 241
$1,300,000 1,065 0 - 4,500 sqft 2 1 101 0 0 63
$1,089,000 1,406 0 - 4,500 sqft 2 1.5 105 0 0 199
$825,000 917 0 - 4,500 sqft 3 1 112 0 0 63