RE/MAX Accord's Market Report

Berkeley, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Berkeley, CA

Fri Dec 14 2018
This week the median list price for Berkeley, CA is $1,199,000 with the market action index hovering around 55. This is about the same as last month's market action index of 55. Inventory has held steady at or around 53. Click here to stay informed with the Berkeley market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

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

Fri Dec 14 2018
This week the median list price for Berkeley, CA is $1,199,000 with the market action index hovering around 55. This is about the same as last month's market action index of 55. Inventory has held steady at or around 53. Click here to stay informed with the Berkeley market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

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 $1,199,000
Per Square Foot $670
Days on Market 59
Price Decreased 17%
Price Increased 11%
Relisted 21%
Inventory 53
Median House Rent $4,050
Most Expensive $6,990,000
Least Expensive $599,000
Market Action Index
Strong Seller's Market
55

The market seems to have paused around this plateau. 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 3,715 8,000 - 10,000 sqft 4 4 82 0 2 103
$1,398,000 2,205 4,500 - 6,500 sqft 3 2 86 2 3 52
$999,888 1,326 4,500 - 6,500 sqft 3 2 84 2 3 44
$787,000 1,247 0 - 4,500 sqft 3 2 96 3 3 38