Intero's Market Report
Berkeley, CA 94708
Single-Family Homes
Berkeley, CA 94708
Thu Mar 23 2023
This week the median list price for Berkeley, CA 94708 is $1,445,000 with the market action index hovering around 56. This is an increase over last month's market action index of 47. Inventory has increased to 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Real-Time Market Profile
| Median List Price | $1,445,000 | |
| Median Price of New Listings | $1,348,000 | |
| Per Square Foot | $715 | |
| Average Days on Market | 62 | |
| Median Days on Market | 18 | |
| Price Decreased | 33% | |
| Price Increased | 0% | |
| Relisted | 33% | |
| Inventory | 6 | |
| Median Rent | ||
| Market Action | 56 | |
| Strong Seller's Market | ||
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,995,000 | 2,414 | 0 - 4,500 sqft | 5 | 3 | 75 | 0 | 0 | 28 |
| $1,925,000 | 2,563 | 8,000 - 10,000 sqft | 4 | 4 | 98 | 0 | 1 | 7 |
| $1,445,000 | 1,983 | 4,500 - 6,500 sqft | 3 | 2 | 78 | 0 | 1 | 66 |
| $1,313,500 | 2,042 | 4,500 - 6,500 sqft | 3 | 2.5 | 84 | 1 | 0 | 101 |