RE/MAX Accord's Market Report
Berkeley, CA
Single-Family Homes
RE/MAX Accord | Outstanding Agents! Outstanding Results!
Berkeley, CA
Tue Jan 19 2021
This week the median list price for Berkeley, CA is $1,412,500 with the market action index hovering around 68. This is about the same as last month's market action index of 68. Inventory has held steady at or around 26.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $1,412,500 | |
| Per Square Foot | $699 | |
| Days on Market | 80 | |
| Price Decreased | 31% | |
| Price Increased | 12% | |
| Relisted | 27% | |
| Inventory | 26 | |
| Median Rent | $3,700 | |
| Most Expensive | $9,995,000 | |
| Least Expensive | $899,000 | |
| Market Action | 68 | |
| Strong Seller's Market | ||
This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,697,500 | 4,604 | 0.25 - 0.5 acre | 4 | 5 | 18 | 2 | 2 | 106 |
| $1,825,000 | 2,713 | 4,500 - 6,500 sqft | 4 | 3 | 87 | 1 | 4 | 109 |
| $1,295,000 | 2,127 | 6,500 - 8,000 sqft | 4 | 3 | 84 | 2 | 0 | 34 |
| $1,149,000 | 1,512 | 4,500 - 6,500 sqft | 2 | 2 | 95 | 2 | 3 | 78 |