Q4 2020 - Q4 2023 Market Report - Nobu Ito

© Copyright by KW Advisors 2024

East Bay Area 2020 Fourth Quarter

Berkeley

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About Me Nobu Ito brings a unique and trained, people-focused perspective to the real estate profession. “I was a social worker for 20 years,” she says, describing how over the years she had always bought, fixed up, and owned homes, even completing construction management and contracting courses to learn how to build homes from the ground up. She eventually took real estate classes so she could make informed decisions on her investments and construction projects. But when she found herself sharing knowledge with others, she decided it was time to become a licensed real estate broker.

Nobu immediately became rookie of the year at KW East Bay and a top-producing agent the next year, before joining Keller Williams San Francisco/Oakland in 2016, where she is the top individual producer in the market center. Now Nobu has created a thriving real estate practice driven by her goal of making everyone she works with feel special. “I love connecting with people.

Real estate folds all my skills into one, from contracting and construction management to people skills, listening, and negotiating, which is so important in this business.” She takes her time meeting every person’s individual needs with her ability to listen to what they say, understand what they want, and incorporate that into the house and lifestyle they are seeking.

Check out my Website Here

Nobu Ito REALTOR® DRE #01934607 (415) 297-6623 NobuSellsBayArea@gmail.com 1624 California St, San Francisco, CA 94109

Client Testimonials “Nobu cares deeply about what we're looking for and doesn't push us unnecessarily in the process. She is a calm source of confidence when going through a stressful home buying ordeal. We appreciated her help each step of the way.”

- Andrew Huang

“Nobu is an ethical, honest and highly skilled real estate agent who is willing to work hard to get the job done right. If you want to purchase a home and have an opportunity to work with Nobu, I highly recommend you do so now. Nobu is respected in the community, is a fair negotiator and provides education along the way. My price point may be lower than many in the Bay Area, but it didn’t matter to Nobu. A conversation with Nobu helped change my perspective on my financial readiness for home ownership. Nobu worked with me through the Below Market Rate (BMR) program and within a year of working together helped me land a property without BMR supports in a place that meets all of my needs.

Thank you Nobu. I’m grateful YOU were my agent and plan to use your services for any future moves.”

- Holly Barton

“I can't imagine ever going to another realtor! We were fortunate to meet Nobu when she helped her clients sell us their house, and we never considered anyone else when we were ready to sell that same house 4 years later. She is smart, compassionate, supportive yet willing to give advice based on years of experience when asked. Both my husband and I adore her, never doubting her integrity or professional competence throughout some challenges with our buyer. You can't go wrong with Nobu.”

- Sabrina Klein Clement

What’s your home really worth in today’s market?

That's the question you should be asking yourself.

Our market is incredibly diverse and rapidly changing. Values vary not just by neighborhood but by street. Your home isn't necessarily worth what your neighbors' home is. It's the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

I can help...

Contact me for a confidential, no-obligation assessment of your home's value.

Nobu Ito REALTOR® DRE #01934607 (415) 297-6623 NobuSellsBayArea@gmail.com 1624 California St, San Francisco, CA 94109

3 Keys to Hitting Your Homeownership Goals in 2024

If buying or selling a home is your goal for 2024, it’s important to understand today’s housing market, know your why, and work with industry experts to bring your homeownership vision for the new year into focus.

Over the last year, the economy had a big impact on the housing market, and likely on your wallet too. That’s why it’s critical to have a clear picture of not just the market today, but also on what you want out of it when you buy or sell a home. Danielle Hale, Chief Economist at Realtor.com, explains: “The key to making a good decision in this challenging housing market is to be laser focused on what you need now and in the years ahead, so that you can stay in your home long enough that buying is a sound financial decision.”

Here are a few things to think through as you define your goals for 2024.

2020 Berkeley Fourth Quarter 2020

What’s in the Berkeley’s Fourth Quarter of 2020 data?

There were 255 single-family homes for sale.

There were 178 new listings and 206 homes sold at a median price of $1.45m. The median overbid percentage was at 110%, with an average of 26 days on the market.

There were 64 condo and townhome units for sale. There were 34 new listings and 28 units sold at a median sale price of $700k. The median overbid percentage was at 102.8%, with an average of 32 days on the market.

SFH Single-Family Homes

178

206

New Listings

Sold Listings

$1.45M

110%

Median Sale Price

Median Sale vs List

26 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

34

28

New Listings

Sold Listings

$700K

102.8%

Median Sale Price

Median Sale vs List

32 Avg. Days on Market

2021 Berkeley First Quarter 2021

What’s in the Berkeley’s First Quarter of 2021 data?

There were 207 single-family homes for sale. There were 161 new listings and 141 homes sold at a median price of $1.49m. The median overbid percentage was at 116.3%, with an average of 21 days on the market.

There were 54 condo and townhome units for sale.

There were 37 new listings and 23 units sold at a median sale price of $700k. The median overbid percentage was at 104.8%, with an average of 28 days on the market.

SFH Single-Family Homes

161

141

New Listings

Sold Listings

$1.49M 116.3% Median Sale Price

Median Sale vs List

21 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

37

23

New Listings

Sold Listings

$700K

104.8%

Median Sale Price

Median Sale vs List

28 Avg. Days on Market

2021 Berkeley Second Quarter 2021

What’s in the Berkeley’s Second Quarter of 2021 data?

There were 256 single-family homes for sale. There were 230 new listings and 181 homes sold at a median price of $1.61m. The median overbid percentage was at 122%, with an average of 13 days on the market.

There were 75 condo and townhome units for sale.

There were 60 new listings and 39 units sold at a median sale price of $802k. The median overbid percentage was at 108.8%, with an average of 17 days on the market.

SFH Single-Family Homes

230

181

New Listings

Sold Listings

$1.61M

122%

Median Sale Price

Median Sale vs List

13 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

60

39

New Listings

Sold Listings

$802K

108.8%

Median Sale Price

Median Sale vs List

17 Avg. Days on Market

2021 Berkeley Third Quarter 2021

What’s in the Berkeley’s Third Quarter of 2021 data?

There were 308 single-family homes for sale. There were 258 new listings and 211 homes sold at a median price of $1.6m. The median overbid percentage was at 119%, with an average of 19 days on the market.

There were 81 condo and townhome units for sale.

There were 55 new listings and 44 units sold at a median sale price of $797k. The median overbid percentage was at 109.5%, with an average of 25 days on the market.

SFH Single-Family Homes

258

211

New Listings

Sold Listings

$1.6M

119%

Median Sale Price

Median Sale vs List

19 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

55

44

New Listings

Sold Listings

$797K

109.5%

Median Sale Price

Median Sale vs List

25 Avg. Days on Market

2021 Berkeley Fourth Quarter 2021

What’s in the Berkeley’s Fourth Quarter of 2021 data?

There were 225 single-family homes for sale. There were 149 new listings and 214 homes sold at a median price of $1.65m. The median overbid percentage was at 123.7%, with an average of 23 days on the market.

There were 73 condo and townhome units for sale.

There were 40 new listings and 48 units sold at a median sale price of $727k. The median overbid percentage was at 107%, with an average of 36 days on the market.

SFH Single-Family Homes

149

214

New Listings

Sold Listings

$1.65M

123.7%

Median Sale Price

Median Sale vs List

23 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

40

48

New Listings

Sold Listings

$727K

107%

Median Sale Price

Median Sale vs List

36 Avg. Days on Market

2022 Berkeley First Quarter 2022

What’s in the Berkeley’s First Quarter of 2022 data?

There were 205 single-family homes for sale. There were 187 new listings and 105 homes sold at a median price of $1.72m. The median overbid percentage was at 122%, with an average of 15 days on the market.

There were 46 condo and townhome units for sale.

There were 30 new listings and 25 units sold at a median sale price of $855k. The median overbid percentage was at 111%, with an average of 32 days on the market.

SFH Single-Family Homes

187

105

New Listings

Sold Listings

$1.72M

122%

Median Sale Price

Median Sale vs List

15 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

30

25

New Listings

Sold Listings

$855

111%

Median Sale Price

Median Sale vs List

32 Avg. Days on Market

2022 Berkeley Second Quarter 2022

What’s in the Berkeley’s Second Quarter of 2022 data?

There were 285 single-family homes for sale. There were 235 new listings and 231 homes sold at a median price of $1.85m. The median overbid percentage was at 135%, with an average of 15 days on the market.

There were 61 condo and townhome units for sale.

There were 51 new listings and 33 units sold at a median sale price of $950k. The median overbid percentage was at 117.7%, with an average of 26 days on the market.

SFH Single-Family Homes

235

231

New Listings

Sold Listings

$1.85M

135%

Median Sale Price

Median Sale vs List

15 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

51

33

New Listings

Sold Listings

$950K

117.7%

Median Sale Price

Median Sale vs List

26 Avg. Days on Market

2022 Berkeley Third Quarter 2022

What’s in the Berkeley’s Third Quarter of 2022 data?

There were 232 single-family homes for sale. There were 180 new listings and 139 homes sold at a median price of $1.6m. The median overbid percentage was at 118.5%, with an average of 20 days on the market.

There were 56 condo and townhome units for sale.

There were 35 new listings and 28 units sold at a median sale price of $832k. The median overbid percentage was at 104.7%, with an average of 24 days on the market.

SFH Single-Family Homes

180

139

New Listings

Sold Listings

$1.6M

118.5%

Median Sale Price

Median Sale vs List

20 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

35

28

New Listings

Sold Listings

$832K

104.7%

Median Sale Price

Median Sale vs List

24 Avg. Days on Market

2022 Berkeley Fourth Quarter 2022

What’s in the Berkeley’s Fourth Quarter of 2022 data?

There were 174 single-family homes for sale. There were 101 new listings and 117 homes sold at a median price of $1.44m. The median overbid percentage was at 110%, with an average of 27 days on the market.

There were 28 condo and townhome units for sale.

There were 12 new listings and 18 units sold at a median sale price of $876k. The median overbid percentage was at 101.8%, with an average of 29 days on the market.

SFH Single-Family Homes

101

117

New Listings

Sold Listings

$1.44M 110% Median Sale Price

Median Sale vs List

27 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

12

18

New Listings

Sold Listings

$876K

101.8%

Median Sale Price

Median Sale vs List

29 Avg. Days on Market

2023 Berkeley First Quarter 2023

What’s in the Berkeley’s First Quarter of 2023 data?

There were 138 single-family homes for sale. There were 114 new listings and 79 homes sold at a median price of $1.5m. The median overbid percentage was at 110%, with an average of 25 days on the market.

There were 37 condo and townhome units for sale.

There were 31 new listings and 16 units sold at a median sale price of $809k. The median overbid percentage was at 105.6%, with an average of 28 days on the market.

SFH Single-Family Homes

114

79

New Listings

Sold Listings

$1.5M

110%

Median Sale Price

Median Sale vs List

25

Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

31

16

New Listings

Sold Listings

$809K

105.6%

Median Sale Price

Median Sale vs List

28 Avg. Days on Market

2023 Berkeley Second Quarter 2023

What’s in the Berkeley’s Second Quarter of 2023 data?

There were 199 single-family homes for sale. There were 161 new listings and 128 homes sold at a median price of $1.6m. The median overbid percentage was at 120%, with an average of 17 days on the market.

There were 47 condo and townhome units for sale.

There were 35 new listings and 31 units sold at a median sale price of $785k. The median overbid percentage was at 105%, with an average of 31 days on the market.

SFH Single-Family Homes

161

128

New Listings

Sold Listings

$1.6M

120%

Median Sale Price

Median Sale vs List

17 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

35

31

New Listings

Sold Listings

$785K

105%

Median Sale Price

Median Sale vs List

31 Avg. Days on Market

2023 Berkeley Third Quarter 2023

What’s in the Berkeley’s Third Quarter of 2023 data?

There were 211 single-family homes for sale. There were 168 new listings and 127 homes sold at a median price of $1.4m. The median overbid percentage was at 114%, with an average of 25 days on the market.

There were 45 condo and townhome units for sale.

There were 28 new listings and 31 units sold at a median sale price of $894k. The median overbid percentage was at 103.9%, with an average of 31 days on the market.

SFH Single-Family Homes

168

127

New Listings

Sold Listings

$1.4M

114%

Median Sale Price

Median Sale vs List

25 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

28

31

New Listings

Sold Listings

$894K

103.9%

Median Sale Price

Median Sale vs List

31 Avg. Days on Market

2023 Berkeley Fourth Quarter 2023

What’s in the Berkeley’s Fourth Quarter of 2023 data?

There were 158 single-family homes for sale. There were 91 new listings and 102 homes sold at a median price of $1.4m. The median overbid percentage was at 113%, with an average of 25 days on the market.

There were 36 condo and townhome units for sale.

There were 19 new listings and 20 units sold at a median sale price of $817k. The median overbid percentage was at 108.8%, with an average of 29 days on the market.

SFH Single-Family Homes

91

102

New Listings

Sold Listings

$1.4M

113%

Median Sale Price

Median Sale vs List

25 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

19

20

New Listings

Sold Listings

$817K

108.8%

Median Sale Price

Median Sale vs List

29 Avg. Days on Market

Berkeley 4th Quarter of 2020 - 4th Quarter of 2023 LISTINGS FOR SALE

SOLD LISTINGS 255

350

206

300 250 200 150 100 50 0

Q4 2020

Q1 2021

Q2 2021

Q3 2021

Q4 2021

Q1 2022

Q2 2022

Q3 2022

Q4 2022

Q1 2023

Q2 2023

Q3 2023

Q4 2023

Q4 2022

Q1 2023

Q2 2023

Q3 2023

Q4 2023

Single-Family Homes Last 3 years, quarter-over-quarter.

64

100

28

80

60

40

20

0

Q4 2020

Q1 2021

Q2 2021

Q3 2021

Q4 2021

Q1 2022

Q2 2022

Q3 2022

Condos & Townhomes Last 3 years, quarter-over-quarter.

Median Sales Price

$1,450,000

$2,000,000

$700,000

$1,500,000

Single-Family Homes The median sales price has decreased from $1.45M in the 4th Quarter of 2020, to $1.40M in the 4th Quarter of 2023.

$1,000,000

$500,000

Condos & Townhomes 20 23 Q 4

20 23 Q 3

20 23 Q 2

20 23 Q 1

20 22 Q 4

20 22 Q 3

20 22 Q 2

Q 1

20 22

20 21 Q 4

20 21 Q 3

20 21 Q 2

Q 1

20 20 Q 4

26

50

20 21

$0

The median sales price has increased from $700K in the 4th Quarter of 2020, to $817K in the 4th Quarter 2023.

AVG Days On the Market

32

40

Single-Family Homes

30

10

The average time spent on the market went down from 26 days in the 4th Quarter of 2020, to 25 days as of the 4th Quarter of 2023.

0

Condos & Townhomes

Overbids

20 23

The average time spent on the market went up from 32 days in the 4th Quarter of 2020, to 29 days as of the 4th Quarter of 2023.

De c

20 23

Q 4

20 23

Q 3

20 23

Q 2

20 23

Q 1

20 22

Q 4

20 22

Q 3

20 22

Q 2

20 22

Q 1

20 21

Q 4

20 21

Q 3

20 21

Q 2

20 21

Q 1

Q 4

20 20

20

110.30%

140%

102.80%

120%

Single-Family Homes The overbid percentage has increased from 110.3% of the 4th Quarter of 2020, to 113.2% of the 4th Quarter of 2023.

100% 80% 60% 40%

Back to Table of Contents

20%

20 23 Q 4

20 23 Q 3

20 23 Q 2

20 23 Q 1

20 22 Q 4

20 22 Q 3

20 22 Q 2

20 22 Q 1

20 21 Q 4

20 21 Q 3

20 21 Q 2

Q 1

20 21

0%

20 20

The overbid percentage has increased from 102.8% of the 4th Quarter of 2020, to 108.8% of the 4th Quarter of 2023.

Q 4

Condos & Townhomes

2020 Oakland Fourth Quarter 2020

What’s in the Oakland’s Fourth Quarter of 2020 data?

There were 1,250 single-family homes for sale.

There were 870 new listings and 939 homes sold at a median price of $905k. The median overbid percentage was at 112%, with an average of 25 days on the market.

There were 550 condo and townhome units for sale. There were 318 new listings and 266 units sold at a median sale price of $659k. The median overbid percentage was at 101%, with an average of 35 days on the market.

SFH Single-Family Homes

870

939

New Listings

Sold Listings

$905K

112%

Median Sale Price

Median Sale vs List

25 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

318

266

New Listings

Sold Listings

$656K

101%

Median Sale Price

Median Sale vs List

35 Avg. Days on Market

2021 Oakland First Quarter 2021

What’s in the Oakland’s First Quarter of 2021 data?

There were 1,090 single-family homes for sale. There were 854 new listings and 677 homes sold at a median price of $906k. The median overbid percentage was at 113%, with an average of 19 days on the market.

There were 496 condo and townhome units for sale.

There were 363 new listings and 243 units sold at a median sale price of $632k. The median overbid percentage was at 103%, with an average of 29 days on the market.

SFH Single-Family Homes

854

677

New Listings

Sold Listings

$906K

113%

Median Sale Price

Median Sale vs List

19 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

363

243

New Listings

Sold Listings

$632K

103%

Median Sale Price

Median Sale vs List

29 Avg. Days on Market

2021 Oakland Second Quarter 2021

What’s in the Oakland’s Second Quarter of 2021 data?

There were 1,403 single-family homes for sale.

There were 1,160 new listings and 944 homes sold at a median price of $1.13m. The median overbid percentage was at 123%, with an average of 17 days on the market.

There were 513 condo and townhome units for sale.

There were 387 new listings and 331 units sold at a median sale price of $669k. The median overbid percentage was at 105%, with an average of 24 days on the market.

SFH Single-Family Homes

1,160

944

New Listings

Sold Listings

$1.13M

123%

Median Sale Price

Median Sale vs List

17 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

387

331

New Listings

Sold Listings

$669K

105%

Median Sale Price

Median Sale vs List

24 Avg. Days on Market

2021 Oakland Third Quarter 2021

What’s in the Oakland’s Third Quarter of 2021 data?

There were 1,363 single-family homes for sale. There were 1,073 new listings and 866 homes sold at a median price of $1.05m. The median overbid percentage was at 122%, with an average of 19 days on the market.

There were 568 condo and townhome units for sale.

There were 424 new listings and 275 units sold at a median sale price of $665k. The median overbid percentage was at 105.5%, with an average of 25 days on the market.

SFH Single-Family Homes

1,073

866

New Listings

Sold Listings

$1.05M 122% Median Sale Price

Median Sale vs List

19 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

424

275

New Listings

Sold Listings

$665K

105.5%

Median Sale Price

Median Sale vs List

25 Avg. Days on Market

2021 Oakland Fourth Quarter 2021

What’s in the Oakland’s Fourth Quarter of 2021 data?

There were 1,041 single-family homes for sale. There were 654 new listings and 792 homes sold at a median price of $1.01m. The median overbid percentage was at 119%, with an average of 26 days on the market.

There were 442 condo and townhome units for sale.

There were 237 new listings and 289 units sold at a median sale price of $660k. The median overbid percentage was at 104%, with an average of 41 days on the market.

SFH Single-Family Homes

654

792

New Listings

Sold Listings

$1.01M

119%

Median Sale Price

Median Sale vs List

26 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

237

289

New Listings

Sold Listings

$660k

104%

Median Sale Price

Median Sale vs List

41 Avg. Days on Market

2022 Oakland First Quarter 2022

What’s in the Oakland’s First Quarter of 2022 data?

There were 1,020 single-family homes for sale. There were 854 new listings and 555 homes sold at a median price of $1m. The median overbid percentage was at 121.9%, with an average of 20 days on the market.

There were 424 condo and townhome units for sale.

There were 335 new listings and 215 units sold at a median sale price of $650k. The median overbid percentage was at 103%, with an average of 31 days on the market.

SFH Single-Family Homes

854

555

New Listings

Sold Listings

$1M

121.9%

Median Sale Price

Median Sale vs List

20 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

335

215

New Listings

Sold Listings

$650K

103%

Median Sale Price

Median Sale vs List

31 Avg. Days on Market

2022 Oakland Second Quarter 2022

What’s in the Oakland’s Second Quarter of 2022 data?

There were 1,316 single-family homes for sale.

There were 1,054 new listings and 780 homes sold at a median price of $1.19m. The median overbid percentage was at 126.5%, with an average of 18 days on the market.

There were 504 condo and townhome units for sale. There were 362 new listings and 262 units sold at a median sale price of $671k. The median overbid percentage was at 107%, with an average of 26 days on the market.

SFH Single-Family Homes

1,054

780

New Listings

Sold Listings

$1.19M

126.5%

Median Sale Price

Median Sale vs List

18 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

362

262

New Listings

Sold Listings

$671K

107%

Median Sale Price

Median Sale vs List

26 Avg. Days on Market

2022 Oakland Third Quarter 2022

What’s in the Oakland’s Third Quarter of 2022 data?

There were 1,368 single-family homes for sale. There were 951 new listings and 632 homes sold at a median price of $1.05m. The median overbid percentage was at 112.8%, with an average of 24 days on the market.

There were 463 condo and townhome units for sale.

There were 278 new listings and 182 units sold at a median sale price of $647k. The median overbid percentage was at 100.9%, with an average of 31 days on the market.

SFH Single-Family Homes

951

632

New Listings

Sold Listings

$1.05M 112.8% Median Sale Price

Median Sale vs List

24 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

278

182

New Listings

Sold Listings

$647K

100.9%

Median Sale Price

Median Sale vs List

31 Avg. Days on Market

2022 Oakland Fourth Quarter 2022

What’s in the Oakland’s Fourth Quarter of 2022 data?

There were 990 single-family homes for sale. There were 501 new listings and 507 homes sold at a median price of $959k. The median overbid percentage was at 107.8%, with an average of 35 days on the market.

There were 320 condo and townhome units for sale.

There were 141 new listings and 129 units sold at a median sale price of $550k. The median overbid percentage was at 97.5%, with an average of 50 days on the market.

SFH Single-Family Homes

501

507

New Listings

Sold Listings

$959K

107.8%

Median Sale Price

Median Sale vs List

35 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

141

129

New Listings

Sold Listings

$550K

97.5%

Median Sale Price

Median Sale vs List

50 Avg. Days on Market

2023 Oakland First Quarter 2023

What’s in the Oakland’s First Quarter of 2023 data?

There were 834 single-family homes for sale.

There were 560 new listings and 356 homes sold at a median price of $890k. The median overbid percentage was at 106%, with an average of 35 days on the market.

There were 290 condo and townhome units for sale. There were 201 new listings and 104 units sold at a median sale price of $612k. The median overbid percentage was at 98.8%, with an average of 33 days on the market.

SFH Single-Family Homes

560

356

New Listings

Sold Listings

$890K

106%

Median Sale Price

Median Sale vs List

35 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

201

104

New Listings

Sold Listings

$612K

98.8%

Median Sale Price

Median Sale vs List

33 Avg. Days on Market

2023 Oakland Second Quarter 2023

What’s in the Oakland’s Second Quarter of 2023 data?

There were 993 single-family homes for sale. There were 710 new listings and 546 homes sold at a median price of $975k. The median overbid percentage was at 112%, with an average of 23 days on the market.

There were 330 condo and townhome units for sale.

There were 223 new listings and 150 units sold at a median sale price of $605k. The median overbid percentage was at 101%, with an average of 33 days on the market.

SFH Single-Family Homes

710

546

New Listings

Sold Listings

$975K

112%

Median Sale Price

Median Sale vs List

23 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

223

150

New Listings

Sold Listings

$605K

101%

Median Sale Price

Median Sale vs List

33 Avg. Days on Market

2023 Oakland Third Quarter 2023

What’s in the Oakland’s Third Quarter of 2023 data?

There were 1,171 single-family homes for sale.

There were 856 new listings and 487 homes sold at a median price of $975k. The median overbid percentage was at 110.7%, with an average of 28 days on the market.

There were 399 condo and townhome units for sale. There were 263 new listings and 110 units sold at a median sale price of $594k. The median overbid percentage was at 98.2%, with an average of 37 days on the market.

SFH Single-Family Homes

856

487

New Listings

Sold Listings

$975K

110.7%

Median Sale Price

Median Sale vs List

28 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

263

110

New Listings

Sold Listings

$594K

98.2%

Median Sale Price

Median Sale vs List

37 Avg. Days on Market

2023 Oakland Fourth Quarter 2023

What’s in the Oakland’s Fourth Quarter of 2023 data?

There were 978 single-family homes for sale. There were 491 new listings and 492 homes sold at a median price of $1.01m. The median overbid percentage was at 108.6%, with an average of 33 days on the market.

There were 338 condo and townhome units for sale.

There were 137 new listings and 117 units sold at a median sale price of $514k. The median overbid percentage was at 96.9%, with an average of 57 days on the market.

SFH Single-Family Homes

491

492

New Listings

Sold Listings

$1.01M

108.6%

Median Sale Price

Median Sale vs List

33 Avg. Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos, and townhomes in Berkeley City and Oakland City from 2020 to 2023. This may include preliminary data and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

CONDO Condo & Townhomes

137

117

New Listings

Sold Listings

$514K

96.9%

Median Sale Price

Median Sale vs List

57 Avg. Days on Market

Oakland 4th Quarter of 2020 - 4th Quarter of 2023 LISTINGS FOR SALE

SOLD LISTINGS 1,250

2,000

939

1,500

1,000

500

0

Q4 2020

Q1 2021

Q2 2021

Q3 2021

Q4 2021

Q1 2022

Q2 2022

Q3 2022

Q4 2022

Q1 2023

Q2 2023

Q3 2023

Q4 2023

Q4 2022

Q1 2023

Q2 2023

Q3 2023

Q4 2023

Single-Family Homes Last 3 years, quarter-over-quarter.

550

600

266

500

400

300

200

100

0

Q4 2020

Q1 2021

Q2 2021

Q3 2021

Q4 2021

Q1 2022

Q2 2022

Q3 2022

Condos & Townhomes Last 3 years, quarter-over-quarter.

Median Sales Price

$905,000

$1,200,000

$659,500

$1,000,000

Single-Family Homes

$800,000

The median sales price has $600,000 increased from $905K of 4th Quarter 2020, to $1M of $400,000 4th Quarter 2023. $200,000

20 23 Q 4

20 23 Q 3

20 23 Q 2

20 23 Q 1

20 22 Q 4

20 22 Q 3

20 22 Q 2

20 22

Q 1

20 21 Q 4

20 21 Q 3

20 21 Q 2

20 20 Q 4

25

60

20 21

$0

The median sales price has decreased from $659K of 4th Quarter 2020, to $514K of 4th Quarter 2023.

Q 1

Condos & Townhomes

AVG Days On the Market

35

50 40

Single-Family Homes

10

The average time spent on the market went up from 25 days in the 4th Quarter of 2020, to 33 days as of the 4th Quarter of 2023.

0

Condos & Townhomes

30

Overbids

20 23

The average time spent on the market went up from 35 days in the 4th Quarter of 2021, to 57 days as of the 4th Quarter of 2023.

Q 4

20 23 Q 3

20 23 Q 2

20 23 Q 1

20 22 Q 4

20 22 Q 3

20 22 Q 2

20 22 Q 1

20 21 Q 4

20 21 Q 3

20 21 Q 2

20 21 Q 1

Q 4

20 20

20

112.10%

140%

101.40%

120%

Single-Family Homes The overbid percentage has decreased from 112% in the 4th Quarter of 2020, to 108.6% of the 4th Quarter of 2023.

100% 80% 60% 40%

Back to Table of Contents

20%

20 23 Q 4

20 23 Q 3

20 23 Q 2

20 23 Q 1

20 22 Q 4

20 22 Q 3

20 22 Q 2

20 22 Q 1

20 21 Q 4

20 21 Q 3

20 21 Q 2

Q 1

20 21

0%

20 20

The overbid percentage has decreased from 101.4% in the 4th Quarter of 2020, to 96.9% of the 4th Quarter of 2023.

Q 4

Condos & Townhomes

Keller Williams San Francisco 1624 California Street, San Francisco, CA 94109 2207 Lombard Street, San Francisco, CA 94123

Keller Williams Napa Valley 951 California Boulevard, Napa, CA 94559

Nobu Ito REALTOR® | DRE #01934607 (415) 297-6623 NobuSellsBayArea@gmail.com www.NobuIto.KW.com