East Bay Market Snapshot

Thinking about buying, selling, or just keeping tabs on the market? Here’s a quick look at how things are shaping up in Oakland, Piedmont, Berkeley, and Alameda, El Cerrito and Kensington.

Inventory has ticked up in most areas, and while interest rates and insurance accessibility continue to influence buyer behavior, demand is mixed with homes that are well-priced, move-in ready homes seeing multiple offers. Multiple offers are typically in the 2-5 range instead of the brisk market during COVID where 12-22 offers was not unheard of. Prices have soften some areas from the height of the competitive COVID market and depending on location some prices have stayed flat or decreased slightly. The condo market has been soft across the region with lower demand in this market. As the adage goes Location, Location, Location still important when considering the overall market health.

Berkeley and Piedmont are holding strong with low days on market and solid price-per-square-foot averages. Oakland shows more variation depending on neighborhood and price point, while Alameda continues to be a draw for buyers looking for that small-town feel with easy access to the city.

Whether you're tracking trends or thinking about your next move, it's always smart to keep a pulse on local data.

So, what do you think—any trends standing out to you? Let’s connect if you want to dig into the numbers for your neighborhood or talk strategy

Trend	Insight
Competitive in Alameda, Piedmont and some areas of Berkeley	Higher prices with homes selling with a shorter marketing timeline
Oakland and some areas of Berkeley	Mixed with neighborhood specific variation for considered desirability reflected in DOM and sales prices
Condo caution	Condo market is softening—watch for discounts or longer listing times
Overall a mixed market leaning mostly to a balanced market	Prices mostly stable (+1–5% YoY), inventory ticking up