Is El Cerrito, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing El Cerrito is a seller's market


Difference Since May 2023

Since last year, El Cerrito has remained a Seller's Market.

Key Takeaway

El Cerrito is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in El Cerrito, CA

How much do homes in El Cerrito, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in El Cerrito have sold for 3.3% less than they did a year ago.

Summary: The median home sold price in El Cerrito was $1,170,000 in May 2024, down 3.3% from last year, and the median price per square foot was $764.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $771K$750K
2 $919K$925K
3 $1.1M$1.2M
4 $1.6M$1.3M
5+ $1.6M$1.6M

Summary: El Cerrito housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 18%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

West Contra Costa
El Cerrito

Housing Supply in El Cerrito, CA

How many homes are available in El Cerrito, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The El Cerrito real estate market had 51 homes for sale in May 2024, a 5.6% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
2 2120
3 2218
4 97
5+ 26

Summary: The El Cerrito housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in El Cerrito, you could pay more than the asking price. 95.7% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in El Cerrito in May 2024, down by 11.5% month-over-month. Of the 23 sold homes, 4% were sold under asking, 0% were sold at asking, and 96% were sold over asking.

Days on Market for El Cerrito, CA

How long does it take to sell a home in El Cerrito, CA?

Average Sale Time

May 2023May 2024CHANGE
17 Days15 Days-14.1%

Summary: Homes in El Cerrito had an average of 15 days on market in May 2024, down by 14.1% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in El Cerrito are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 23 homes were sold in El Cerrito; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in El Cerrito, CA

Nearby Markets to El Cerrito, CA

What housing markets are near El Cerrito, CA?