RE/MAX Accord's Market Report

Berkeley, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Berkeley, CA

Fri Sep 20 2019
This week the median list price for Berkeley, CA is $1,350,000 with the market action index hovering around 61. This is less than last month's market action index of 66. Inventory has held steady at or around 66. 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 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 Sep 20 2019
This week the median list price for Berkeley, CA is $1,350,000 with the market action index hovering around 61. This is less than last month's market action index of 66. Inventory has held steady at or around 66. 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 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 $1,350,000
Per Square Foot $629
Days on Market 54
Price Decreased 17%
Price Increased 0%
Relisted 11%
Inventory 66
Median House Rent $4,000
Most Expensive $5,995,000
Least Expensive $600,000
Market Action Index
Strong Seller's Market
61

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
$2,585,000 3,791 8,000 - 10,000 sqft 4 4 104 6 5 78
$1,640,000 2,603 4,500 - 6,500 sqft 3 3 68 9 3 44
$1,195,000 2,008 4,500 - 6,500 sqft 3 3 77 8 4 38
$895,000 1,275 0 - 4,500 sqft 3 2 101 6 5 55