Your Real Estate Market Update

Berkeley, CA 94702

Single-Family Homes

The Most Powerful Market Insights from Arcus Homes


Berkeley, CA 94702

Sat Nov 23 2024
This week the median list price for Berkeley, CA 94702 is $1,250,000 with the market action index hovering around 53. This is less than last month's market action index of 65. Inventory has increased to 13. 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 94702

Sat Nov 23 2024
This week the median list price for Berkeley, CA 94702 is $1,250,000 with the market action index hovering around 53. This is less than last month's market action index of 65. Inventory has increased to 13. 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 $1,250,000
Median Price of New Listings $1,393,500
Per Square Foot $856
Average Days on Market 80
Median Days on Market 21
Price Decreased 23%
Price Increased 15%
Relisted 15%
Inventory 13
Median Rent
Market Action 53
Strong Seller's Market

Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$1,599,000 1,072 0 - 4,500 sqft 3 2 94 1 0 119
$1,380,000 1,517 0 - 4,500 sqft 4 2 108 0 0 21
$1,199,999 1,088 0 - 4,500 sqft 2 2 100 1 0 7
$989,250 1,573 0 - 4,500 sqft 2 1.5 85 0 2 80