Intero's Market Report

Berkeley, CA 94708

Single-Family Homes


Berkeley, CA 94708

Thu Sep 19 2024
This week the median list price for Berkeley, CA 94708 is $1,567,000 with the market action index hovering around 57. This is about the same as last month's market action index of 57. Inventory has increased to 13. 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

Market Narrative

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Berkeley, CA 94708

Thu Sep 19 2024
This week the median list price for Berkeley, CA 94708 is $1,567,000 with the market action index hovering around 57. This is about the same as last month's market action index of 57. Inventory has increased to 13. 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

Market Narrative

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Berkeley market.
Median List Price $1,567,000
Median Price of New Listings $1,533,500
Per Square Foot $936
Average Days on Market 43
Median Days on Market 21
Price Decreased 15%
Price Increased 8%
Relisted 0%
Inventory 13
Median Rent
Market Action 57
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices 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
$3,295,000 3,198 6,500 - 8,000 sqft 4 3 65 0 1 56
$1,995,000 1,733 4,500 - 6,500 sqft 4 3 86 1 0 28
$1,500,000 0 - 4 3 62 2 0 0
$1,299,000 1,774 4,500 - 6,500 sqft 3 2 67 1 1 14