Scott Ward's Market Update

Berkeley, CA 94703

Single-Family Homes

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


Current active inventory in Berkeley, CA 94703 is very low. Keep this in mind when looking at this report.

Berkeley, CA 94703

Fri Jan 10 2025
This week the median list price for Berkeley, CA 94703 is $799,000 with the market action index hovering around 48. This is less than last month's market action index of 53. Inventory has decreased to 3. 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. 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 94703

Fri Jan 10 2025
This week the median list price for Berkeley, CA 94703 is $799,000 with the market action index hovering around 48. This is less than last month's market action index of 53. Inventory has decreased to 3. 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. 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 $799,000
Median Price of New Listings $0
Per Square Foot $887
Average Days on Market 110
Median Days on Market 98
Price Decreased 33%
Price Increased 33%
Relisted 33%
Inventory 3
Median Rent
Market Action 48
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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$998,000 1,529 0 - 4,500 sqft 4 3 101 0 0 35
$799,000 780 0 - 4,500 sqft 1 1 117 0 0 98
$750,000 845 0 - 4,500 sqft 2 1 118 0 0 196