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  • Writer's pictureDana Cohen

Local Real Estate Market* Update, First Quarter 2024

401 homes were sold during the quarter ended March 31, 2024, slightly fewer than the 410 sold in the same period last year. The median price rose 2% to $1,285,000, up from $1,257,000 in the same period last year as prices began to stabilize after the rapid rise in mortgage rates that began in 2022 settled in for a full year. Properties sold in 28 days on average during the current quarter, slightly faster than 31 days in the same quarter last year. At the date of this post, there are 287 homes available for sale (9 weeks of inventory) compared to 254 homes at this time last year.

*detached homes in Albany, Berkeley, El Cerrito, Kensington, Piedmont and Oakland zip codes 94602, 94605, 94608, 94609, 94610, 94611, 94612, 94618, 94619. Based on information from the MLS as of March 31, 2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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