RE/MAX Accord's Market Report

Berkeley, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Berkeley, CA

Sun Oct 25 2020
This week the median list price for Berkeley, CA is $1,299,888 with the market action index hovering around 63. This is an increase over last month's market action index of 61. Inventory has held steady at or around 85. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Berkeley, CA

Sun Oct 25 2020
This week the median list price for Berkeley, CA is $1,299,888 with the market action index hovering around 63. This is an increase over last month's market action index of 61. Inventory has held steady at or around 85. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Berkeley market.
Median List Price $1,299,888
Per Square Foot $696
Days on Market 55
Price Decreased 25%
Price Increased 1%
Relisted 15%
Inventory 85
Median Rent $3,995
Most Expensive $12,000,000
Least Expensive $739,000
Market Action 63
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$2,599,000 3,844 8,000 - 10,000 sqft 4 3 25 3 3 135
$1,590,000 2,191 4,500 - 6,500 sqft 4 3 83 8 7 48
$1,129,000 1,528 4,500 - 6,500 sqft 3 2 83 7 4 24
$898,000 1,183 0 - 4,500 sqft 2 2 95 9 7 13