Your Real Estate Market Update

Berkeley, CA 94708

Single-Family Homes

The Most Powerful Market Insights from Arcus Homes


Berkeley, CA 94708

Thu Nov 21 2024
This week the median list price for Berkeley, CA 94708 is $1,567,000 with the market action index hovering around 53. This is an increase over last month's market action index of 50. Inventory has decreased 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 94708

Thu Nov 21 2024
This week the median list price for Berkeley, CA 94708 is $1,567,000 with the market action index hovering around 53. This is an increase over last month's market action index of 50. Inventory has decreased 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $1,567,000
Median Price of New Listings $1,100,000
Per Square Foot $775
Average Days on Market 53
Median Days on Market 42
Price Decreased 31%
Price Increased 0%
Relisted 0%
Inventory 13
Median Rent
Market Action 53
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices 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
$3,499,000 3,583 6,500 - 8,000 sqft 4 3 1 0 0 84
$1,799,000 2,262 4,500 - 6,500 sqft 3 3 98 0 1 42
$1,495,000 2,528 6,500 - 8,000 sqft 4 3 86 0 1 21
$1,342,000 1,798 6,500 - 8,000 sqft 3 2.5 85 1 2 7