Is El Cerrito, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, El Cerrito has remained a Seller's Market.
Housing Prices in El Cerrito, CA
How much do homes in El Cerrito, CA cost?
Median Sold Price
$1,150,000
$770/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in El Cerrito was $1,150,000 in June 2024, down 4.2% from last year, and the median price per square foot was $770.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $771K | $750K | -2.7% |
2 Bedrooms | $920K | $925K | 0.5% |
3 Bedrooms | $1.1M | $1.2M | +6.6% |
4 Bedrooms | $1.6M | $1.3M | -18.8% |
5+ Bedrooms | $1.5M | $1.6M | +6.5% |
Summary: El Cerrito housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
Richmond | $650K | $650K | 0.0% |
West Contra Costa | $711K | $710.4K | -0.1% |
Albany | $1.1M | $1.0M | -3.8% |
El Cerrito | $1.2M | $1.1M | -4.2% |
Housing Supply in El Cerrito, CA
How many homes are available in El Cerrito, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
49 | 34 | -30.6% |
Summary: The El Cerrito real estate market had 34 homes for sale in June 2024, a 30.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 19 | 12 | -36.8% |
3 Bedrooms | 18 | 13 | -27.8% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The El Cerrito housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 36.8%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
25 | 12 | -52.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in El Cerrito in June 2024, down by 52.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
13 Days | 17 Days | +29.6% |
Summary: Homes in El Cerrito had an average of 17 days on market in Jun 2024, up by 29.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 12 homes were sold in El Cerrito; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.