Scott Ward's Market Update

Berkeley, CA 94703

Single-Family Homes

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



Berkeley, CA 94703

Thu Mar 28 2024
This week the median list price for Berkeley, CA 94703 is $1,090,000 with the market action index hovering around 62. This is an increase over last month's market action index of 59. Inventory has increased to 7. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Berkeley, CA 94703

Thu Mar 28 2024
This week the median list price for Berkeley, CA 94703 is $1,090,000 with the market action index hovering around 62. This is an increase over last month's market action index of 59. Inventory has increased to 7. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Berkeley market.
Median List Price $1,090,000
Median Price of New Listings $1,195,000
Per Square Foot $744
Average Days on Market 4
Median Days on Market 7
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent
Market Action 62
Strong Seller's Market

We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$1,890,000 0 0 - 4,500 sqft 5 4 121 1 1 0
$1,145,000 0 0 - 4,500 sqft 3 3 110 1 0 3
$1,069,500 1,542 4,500 - 6,500 sqft 4 2.5 92 0 0 7
$861,500 989 0 - 4,500 sqft 2 1 107 1 0 3