RE/MAX Accord's Market Report

Berkeley, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Berkeley, CA

Thu Nov 14 2019
This week the median list price for Berkeley, CA is $1,295,000 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has held steady at or around 86. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Berkeley, CA

Thu Nov 14 2019
This week the median list price for Berkeley, CA is $1,295,000 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has held steady at or around 86. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Berkeley market.
Median List Price $1,295,000
Per Square Foot $659
Days on Market 67
Price Decreased 16%
Price Increased 14%
Relisted 13%
Inventory 86
Median Rent $2,500
Most Expensive $5,995,000
Least Expensive $550,000
Market Action 54
Strong Seller's Market

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
$2,499,000 3,500 8,000 - 10,000 sqft 4 4 92 0 1 104
$1,499,000 2,349 4,500 - 6,500 sqft 3 3 82 6 4 52
$1,139,500 1,755 4,500 - 6,500 sqft 3 2 80 4 9 63
$799,000 1,066 0 - 4,500 sqft 3 2 94 4 4 47