East Bay Real Estate Market Trends

Key Updates, Trends, and Insight for the East Bay Area, CA Real Estate Market

East Bay Real Estate Market Trends - Single Family Homes

Berkeley

Single Family Homes: Berkeley, Jan-Sept 2023

2023:
Avg. List Price: $1,303,554 (↓)
Avg. Sale Price: $1,510,622 (↓)
Closed Sales: 404 (↓)
Avg. Days on Market: 23 (↑)

2022:
Avg. List Price: $1,419,665 (↑)
Avg. Sale Price: $1,793,672 (↑)
Closed Sales: 561 (↓)
Avg. Days on Market: 19 (↓)

2021:
Avg. List Price: $1,324,911
Avg. Sale Price: $1,579,065
Closed Sales: 634
Avg. Days on Market: 18

Key Takeaway:
Berkeley has experienced a decrease in average list and sale prices, as well as in the number of closed sales in 2023. Despite this, homes are staying on the market slightly longer than the previous year. These indicators point toward a transitioning market that may be becoming more favorable for buyers.

In an evolving market such as Berkeley, real-time data and a tailored strategy are crucial. If you're considering buying or selling, don't hesitate to reach out for a personalized consultation.
Concord

Single Family Homes: Concord, Jan-Sept 2023

2023:
Avg. List Price: $729,845 (↓)
Avg. Sale Price: $746,202 (↑)
Closed Sales: 744 (↓)
Avg. Days on Market: 23 (↑)

2022:
Avg. List Price: $779,386 (↑)
Avg. Sale Price: $745,808 (↑)
Closed Sales: 1,145 (↓)
Avg. Days on Market: 16 (↑)

2021:
Avg. List Price: $690,305
Avg. Sale Price: $740,454
Closed Sales: 1,369
Avg. Days on Market: 12

Key Takeaway:
In Concord, the average list price has decreased in 2023 compared to 2022, while the average sale price has slightly increased. There's been a significant drop in the number of closed sales, and homes are staying on the market longer. This suggests a market that is shifting and could be beneficial for buyers, but sellers may need to adjust their expectations.
El Cerrito

Single Family Homes: El Cerrito, Jan-Sept 2023

2023:
Avg. List Price: $1,035,245 (↓)
Avg. Sale Price: $1,171,349 (↓)
Closed Sales: 128 (↓)
Avg. Days on Market: 21 (↔)

2022:
Avg. List Price: $1,077,456 (↑)
Avg. Sale Price: $1,343,152 (↑)
Closed Sales: 171 (↓)
Avg. Days on Market: 21 (↑)

2021:
Avg. List Price: $971,390
Avg. Sale Price: $1,226,824
Closed Sales: 204
Avg. Days on Market: 19

Key Takeaway:
The real estate market in El Cerrito has seen a general decrease in both average list and sale prices in 2023, along with a drop in the number of closed sales. The average days on the market have remained relatively stable compared to last year. These factors suggest a market that is becoming more balanced but leans slightly toward buyers.
Lafayette

Single Family Homes: Lafayette, Jan-Sept 2023

2023:
Avg. List Price: $2,159,040 (↓)
Avg. Sale Price: $2,172,105 (↓)
Closed Sales: 201 (↓)
Avg. Days on Market: 26 (↑)

2022:
Avg. List Price: $2,273,148 (↑)
Avg. Sale Price: $2,462,616 (↑)
Closed Sales: 291 (↓)
Avg. Days on Market: 15 (↓)

2021:
Avg. List Price: $1,911,484
Avg. Sale Price: $2,041,149
Closed Sales: 367
Avg. Days on Market: 17

Key Takeaway:
The real estate market in Lafayette has seen a decline in both average list and sale prices in 2023, as well as a reduction in the number of closed sales. Homes are also staying on the market longer. This suggests a market that is becoming more balanced but may require a more nuanced approach for both buyers and sellers.
Moraga

Single Family Homes: Moraga, Jan-Sept 2023

2023:
Avg. List Price: $1,640,150 (↑)
Avg. Sale Price: $1,699,176 (↓)
Closed Sales: 120 (↓)
Avg. Days on Market: 16 (↑)

2022:
Avg. List Price: $1,525,417 (↑)
Avg. Sale Price: $1,703,023 (↑)
Closed Sales: 160 (↓)
Avg. Days on Market: 11 (↓)

2021:
Avg. List Price: $1,403,083
Avg. Sale Price: $1,506,126
Closed Sales: 240
Avg. Days on Market: 14

Key Takeaway:
In Moraga, the average list price has increased in 2023, but the average sale price has seen a slight decrease. The number of closed sales has also dropped, and homes are staying on the market longer compared to the previous years. These factors indicate a market that is shifting towards more balanced conditions, but caution is advised for both buyers and sellers.
Oakland

Single Family Homes: Oakland, Jan-Sept 2023

2023:
Avg. List Price: $919,469.50 (↓)
Avg. Sale Price: $978,391 (↓)
Closed Sales: 1,749 (↓)
Avg. Days on Market: 31 (↑)

2022:
Avg. List Price: $921,313 (↑)
Avg. Sale Price: $1,089,886 (↑)
Closed Sales: 2,633 (↓)
Avg. Days on Market: 23 (↑)

2021:
Avg. List Price: $880,502
Avg. Sale Price: $1,040,261
Closed Sales: 3,348
Avg. Days on Market: 22

Key Takeaway:
In Oakland, both the average list and sale prices have decreased slightly in 2023 compared to 2022. There's also been a notable reduction in the number of closed sales. Homes are staying on the market longer this year, which might indicate that the market is becoming more favorable for buyers. Sellers might need to be more strategic in their approach given these trends.
Orinda

Single Family Homes: Orinda, Jan-Sept 2023

2023:
Avg. List Price: $2,038,743 (↓)
Avg. Sale Price: $2,088,120 (↓)
Closed Sales: 148 (↓)
Avg. Days on Market: 23 (↑)

2022:
Avg. List Price: $2,125,858 (↑)
Avg. Sale Price: $2,306,703 (↑)
Closed Sales: 198 (↓)
Avg. Days on Market: 17 (↓)

2021:
Avg. List Price: $2,007,535
Avg. Sale Price: $2,161,576
Closed Sales: 313
Avg. Days on Market: 18

Key Takeaway:
The real estate market in Orinda is showing mixed signals. While the average list price has slightly decreased in 2023, the average sale price has also dropped. The number of closed sales has reduced, and homes are staying on the market longer than in previous years. This suggests a more balanced market, but one that leans towards buyers.
San Leandro

Single Family Homes: San Leandro, Jan-Sept 2023

2023:
Avg. List Price: $803,457 (↓)
Avg. Sale Price: $847,120 (↓)
Closed Sales: 364 (↓)
Avg. Days on Market: 20 (↑)

2022:
Avg. List Price: $826,900 (↑)
Avg. Sale Price: $886,500 (↑)
Closed Sales: 474 (↓)
Avg. Days on Market: 15 (↑)

2021:
Avg. List Price: $766,146
Avg. Sale Price: $847,262
Closed Sales: 571
Avg. Days on Market: 13

Key Takeaway:
In San Leandro, the average list price and the number of closed sales have decreased in 2023 compared to 2022. Interestingly, the average sale price has remained relatively stable, aligning closely with the 2021 figure. The average days on the market have increased, indicating that homes are taking a bit longer to sell. These trends suggest a market that is becoming more balanced, leaning slightly in favor of buyers.

Berkeley
Q1 Analysis

2024:
Active Listings: 57
Avg. List Price: $1,376,974 (↑)
Avg. Sale Price: $1,540,577 (↑)
Closed Sales: 100 (↑)
Avg. Days on Market: 25 (↓)

2023:
Avg. List Price: $1,349,524 (↓)
Avg. Sale Price: $1,513,441 (↓)
Closed Sales: 93 (↓)
Avg. Days on Market: 28 (↑)

2022:
Avg. List Price: $1,472,119
Avg. Sale Price: $1,805,483
Closed Sales: 130
Avg. Days on Market: 25

Key Takeaway:
In Q1 2024, Berkeley's real estate market has shown an increase in average list and sale prices, as well as in the number of closed sales, compared to Q1 2023. However, properties are spending fewer days on the market, indicating a quicker turnover. When compared to Q1 2022, there is a noticeable decrease in both average list and sale prices, as well as in closed sales, suggesting a potential shift in market dynamics.
Concord
Q1 Analysis

2024:
Active Listings: 81
Avg. List Price: $766,290 (↑)
Avg. Sale Price: $789,677 (↑)
Closed Sales: 189 (↑)
Avg. Days on Market: 23 (↓)

2023:
Avg. List Price: $720,052 (↓)
Avg. Sale Price: $724,256 (↓)
Closed Sales: 180 (↓)
Avg. Days on Market: 34 (↑)

2022:
Avg. List Price: $745,340
Avg. Sale Price: $823,141
Closed Sales: 293
Avg. Days on Market: 12

Key Takeaway:
In Q1 2024, Concord's real estate market has experienced an increase in average list and sale prices, as well as in the number of closed sales, compared to Q1 2023. However, homes are staying on the market for a longer period. Compared to Q1 2022, there is a decrease in both average list and sale prices, and a significant drop in closed sales, indicating a shift in market dynamics.
El Cerrito
Q1 Analysis

2024:
Active Listings: 15
Avg. List Price: $1,127,210 (↑)
Avg. Sale Price: $1,334,071 (↑)
Closed Sales: 28 (↓)
Avg. Days on Market: 27 (↓)

2023:
Avg. List Price: $1,089,546 (↑)
Avg. Sale Price: $1,181,959 (↓)
Closed Sales: 37 (↓)
Avg. Days on Market: 29 (↑)

2022:
Avg. List Price: $1,039,243
Avg. Sale Price: $1,286,672
Closed Sales: 49
Avg. Days on Market: 26

Key Takeaway:
In Q1 2024, El Cerrito's real estate market has seen an increase in average list and sale prices compared to Q1 2023, but the number of closed sales has decreased. The average days on market have also decreased slightly, indicating a quicker turnover of properties. Compared to Q1 2022, there is an overall increase in list and sale prices, but a significant decrease in closed sales, suggesting a shift in market dynamics.
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Lafayette
Q1 Analysis

2024:
Active Listings: 29
Avg. List Price: $2,165,202 (↑)
Avg. Sale Price: $2,219,016 (↑)
Closed Sales: 54 (↑)
Avg. Days on Market: 29 (↑)

2023:
Avg. List Price: $2,006,572 (↓)
Avg. Sale Price: $1,999,930 (↓)
Closed Sales: 40 (↓)
Avg. Days on Market: 27 (↑)

2022:
Avg. List Price: $2,627,467
Avg. Sale Price: $2,901,648
Closed Sales: 70
Avg. Days on Market: 17

Key Takeaway:
In Q1 2024, Lafayette's real estate market has experienced an increase in average list and sale prices, as well as in the number of closed sales, compared to Q1 2023. However, homes are staying on the market for a longer period. Compared to Q1 2022, there is a significant decrease in both average list and sale prices, and a notable drop in closed sales, indicating a shift in market dynamics.
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Moraga
Q1 Analysis

2024:
Active Listings: 9
Avg. List Price: $1,657,086 (↑)
Avg. Sale Price: $1,690,297 (↑)
Closed Sales: 21 (↑)
Avg. Days on Market: 12 (↓)

2023:
Avg. List Price: $1,556,139 (↓)
Avg. Sale Price: $1,606,833 (↓)
Closed Sales: 18 (↓)
Avg. Days on Market: 35 (↑)

2022:
Avg. List Price: $1,670,530
Avg. Sale Price: $1,983,766
Closed Sales: 32
Avg. Days on Market: 9

Key Takeaway:
In Q1 2024, Moraga's real estate market has seen an increase in average list and sale prices, as well as in the number of closed sales, compared to Q1 2023. However, homes are spending slightly more days on the market. Compared to Q1 2022, there is a decrease in both average list and sale prices, and a significant drop in closed sales, indicating a shift in market dynamics.
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Oakland
Q1 Analysis

2024:
Active Listings: 438
Avg. List Price: $882,169 (↓)
Avg. Sale Price: $957,379 (↓)
Closed Sales: 450 (↑)
Avg. Days on Market: 37 (→)

2023:
Avg. List Price: $892,516 (↑)
Avg. Sale Price: $959,196 (↓)
Closed Sales: 444 (↓)
Avg. Days on Market: 37 (↑)

2022:
Avg. List Price: $885,767
Avg. Sale Price: $1,054,342
Closed Sales: 730
Avg. Days on Market: 26

Key Takeaway:
In Q1 2024, Oakland's real estate market has experienced a slight decrease in average list and sale prices compared to Q1 2023, but the number of closed sales has increased. The average days on market remain unchanged from the previous year. Compared to Q1 2022, there is a notable decrease in both average list and sale prices, and a significant drop in closed sales, indicating a shift in market dynamics.
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Orinda
Q1 Analysis

2024:
Active Listings: 17
Avg. List Price: $2,107,626 (↑)
Avg. Sale Price: $2,172,571 (↑)
Closed Sales: 35 (↑)
Avg. Days on Market: 23 (↓)

2023:
Avg. List Price: $1,839,033 (↓)
Avg. Sale Price: $1,829,666 (↓)
Closed Sales: 30 (↓)
Avg. Days on Market: 38 (↑)

2022:
Avg. List Price: $1,988,743
Avg. Sale Price: $2,174,079
Closed Sales: 35
Avg. Days on Market: 16

Key Takeaway:
In Q1 2024, Orinda's real estate market has seen an increase in average list and sale prices compared to Q1 2023, with the number of closed sales remaining steady. However, homes are spending fewer days on the market. Compared to Q1 2022, there is a slight increase in the average list price, while the average sale price and closed sales remain similar, indicating a stable market.
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San Leandro
Q1 Analysis

2024:
Active Listings: 44
Avg. List Price: $818,645 (↑)
Avg. Sale Price: $853,855 (↑)
Closed Sales: 96 (↑)
Avg. Days on Market: 21 (↓)

2023:
Avg. List Price: $778,683 (↓)
Avg. Sale Price: $797,229 (↓)
Closed Sales: 93 (↓)
Avg. Days on Market: 26 (↑)

2022:
Avg. List Price: $790,932
Avg. Sale Price: $914,162
Closed Sales: 141
Avg. Days on Market: 12
Key Takeaway:

In Q1 2024, San Leandro's real estate market has experienced an increase in average list and sale prices, as well as in the number of closed sales, compared to Q1 2023. Additionally, homes are spending fewer days on the market. Compared to Q1 2022, there is a slight increase in the average list price, but a noticeable decrease in both average sale price and closed sales, indicating a shift in market dynamics.
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