Market Report

Berkeley, CA

Single-Family Homes

Chartwell Escrow



Berkeley, CA

Wed Feb 21 2024
This week the median list price for Berkeley, CA is $1,599,000 with the market action index hovering around 61. This is less than last month's market action index of 62. Inventory has decreased to 27. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Berkeley, CA

Wed Feb 21 2024
This week the median list price for Berkeley, CA is $1,599,000 with the market action index hovering around 61. This is less than last month's market action index of 62. Inventory has decreased to 27. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Berkeley market.
Median List Price $1,599,000
Median Price of New Listings $1,750,000
Per Square Foot $840
Average Days on Market 56
Median Days on Market 28
Price Decreased 19%
Price Increased 4%
Relisted 22%
Inventory 27
Median Rent
Market Action 61
Strong Seller's Market

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

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
$2,897,500 2,730 6,500 - 8,000 sqft 4 4 93 1 1 98
$1,899,999 2,833 4,500 - 6,500 sqft 4 3 99 3 2 28
$1,350,000 1,724 4,500 - 6,500 sqft 3 3 100 0 2 7
$999,999 1,053 4,500 - 6,500 sqft 3 1 99 1 1 84