Scott Ward's Market Update

Berkeley, CA 94710

Single-Family Homes

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


Berkeley, CA 94710

Mon Jun 16 2025
This week the median list price for Berkeley, CA 94710 is $1,199,500 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Berkeley, CA 94710

Mon Jun 16 2025
This week the median list price for Berkeley, CA 94710 is $1,199,500 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Berkeley market.
Median List Price $1,199,500
Median Price of New Listings $0
Per Square Foot $777
Average Days on Market 57
Median Days on Market 25
Price Decreased 0%
Price Increased 13%
Relisted 0%
Inventory 8
Median Rent
Market Action 46
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,792,000 2,573 0 - 4,500 sqft 3 2.5 5 0 0 7
$1,424,500 1,969 4,500 - 6,500 sqft 3 2 45 0 0 171
$1,099,500 1,460 0 - 4,500 sqft 3 2 65 0 0 24
$874,500 930 8,000 - 10,000 sqft 2 1 65 0 0 24