Trang Dunlap Group Market Stats Alameda County

Berkeley, CA

Single-Family Homes

Intero Real Estate Services



Berkeley, CA

Wed Oct 09 2024
This week the median list price for Berkeley, CA is $1,366,500 with the market action index hovering around 60. This is less than last month's market action index of 65. Inventory has increased to 68. 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. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Berkeley, CA

Wed Oct 09 2024
This week the median list price for Berkeley, CA is $1,366,500 with the market action index hovering around 60. This is less than last month's market action index of 65. Inventory has increased to 68. 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. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Berkeley market.
Median List Price $1,366,500
Median Price of New Listings $1,278,000
Per Square Foot $799
Average Days on Market 49
Median Days on Market 21
Price Decreased 18%
Price Increased 0%
Relisted 9%
Inventory 68
Median Rent
Market Action 60
Strong Seller's Market

This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,495,000 2,555 6,500 - 8,000 sqft 4 3 97 3 2 21
$1,495,000 2,000 4,500 - 6,500 sqft 3 2 72 2 2 42
$1,159,900 1,425 4,500 - 6,500 sqft 4 2 88 6 4 14
$918,000 1,105 0 - 4,500 sqft 2 1 98 4 3 7