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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing El Cerrito is a seller's market

Buyer's
Market

Difference Since September 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

$1,140,000

$779/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$30,000(-2.6%)

Key Takeaway

Homes in El Cerrito have sold for 2.6% less than they did a year ago.

Summary: The median home sold price in El Cerrito was $1,140,000 in September 2024, down 2.6% from last year, and the median price per square foot was $779.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $771K$635K
-17.6%
2 $930K$920K
-1.1%
3 $1.1M$1.2M
+12.4%
4 $1.4M$1.2M
-15.2%
5+ $1.6M$1.7M
+11.9%

Summary: El Cerrito housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.6%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 12.4%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes increased by 11.9%.

Median Sold Price Compared To Nearby Cities

Richmond
-1.5%
El Cerrito
-2.6%
West Contra Costa
-2.8%
Albany
-3.4%

Housing Supply in El Cerrito, CA

How many homes are available in El Cerrito, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4145+9.8%

Summary: The El Cerrito real estate market had 45 homes for sale in September 2024, a 9.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 1210
-16.7%
3 2023
+15.0%
4 59
+80.0%
5+ 32
-33.3%

Summary: The El Cerrito housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 80%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1816-11.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

11 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. 78.6% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in El Cerrito in September 2024, down by 11.1% month-over-month. Of the 14 sold homes, 7% were sold under asking, 14% were sold at asking, and 79% 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

Sep 2023Sep 2024CHANGE
21 Days18 Days-14.8%

Summary: Homes in El Cerrito had an average of 18 days on market in Sep 2024, down by 14.8% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

1 Home Was 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 September 2024, 16 homes were sold in El Cerrito; 94% of homes were sold within 30 days, 6% 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 30 Days Ago

Newest Listings in El Cerrito, CA

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