Intero's Market Report

Berkeley, CA 94707

Single-Family Homes



Berkeley, CA 94707

Mon Jun 17 2024
This week the median list price for Berkeley, CA 94707 is $1,322,000 with the market action index hovering around 55. This is less than last month's market action index of 58. Inventory has held steady at or around 14. 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 off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Berkeley, CA 94707

Mon Jun 17 2024
This week the median list price for Berkeley, CA 94707 is $1,322,000 with the market action index hovering around 55. This is less than last month's market action index of 58. Inventory has held steady at or around 14. 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 off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Berkeley market.
Median List Price $1,322,000
Median Price of New Listings $1,395,000
Per Square Foot $774
Average Days on Market 40
Median Days on Market 11
Price Decreased 21%
Price Increased 7%
Relisted 7%
Inventory 14
Median Rent
Market Action 55
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,298,000 3,001 4,500 - 6,500 sqft 4 4 87 1 0 189
$1,395,000 1,939 4,500 - 6,500 sqft 4 3 100 1 0 7
$1,285,000 1,994 6,500 - 8,000 sqft 4 2 100 0 1 10
$1,048,000 1,144 6,500 - 8,000 sqft 2 2 79 1 0 28