Your Real Estate Market Update
Berkeley, CA 94707
Single-Family Homes
The Most Powerful Market Insights from Arcus Homes
Berkeley, CA 94707
Thu May 02 2024
This week the median list price for Berkeley, CA 94707 is $1,649,000 with the market action index hovering around 46. This is an increase over last month's market action index of 43. Inventory has increased to 18.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $1,649,000 | |
| Median Price of New Listings | $1,258,000 | |
| Per Square Foot | $807 | |
| Average Days on Market | 33 | |
| Median Days on Market | 7 | |
| Price Decreased | 11% | |
| Price Increased | 6% | |
| Relisted | 0% | |
| Inventory | 18 | |
| Median Rent | ||
| Market Action | 46 | |
| Strong Seller's Market | ||
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,471,500 | 2,963 | 4,500 - 6,500 sqft | 4 | 3.5 | 99 | 1 | 0 | 73 |
| $2,094,500 | 2,609 | 6,500 - 8,000 sqft | 4 | 3 | 87 | 1 | 0 | 28 |
| $1,395,000 | 1,480 | 4,500 - 6,500 sqft | 4 | 3 | 77 | 3 | 1 | 0 |
| $989,000 | 1,077 | 4,500 - 6,500 sqft | 3 | 2 | 99 | 2 | 0 | 7 |