El Cerrito Real Estate Market Activity and Trends

Current Market Statistics for Active Listings

There are currently 38 properties for sale and El Cerrito. Real estate prices are between $495,999 and $2,150,000. The median price for homes that are currently for sale is $931,509. Homes are selling for about $688 per square foot. If you are serious about buying a home, we highly recommend setting up a market watch notification so you don't miss out.

    Active - 28 New - 7 Price Change - 3

Median Price

$931,509

$495,999
Lowest Priced

$2,150,000
Highest Priced

Avg $/SQFT

$688

$432
Lowest

$1,209
Highest

Active Listings

38

Compared to 25 active listings at this time last year (Year-over-year)

Pending Sales

13

Compared to 23 active listings at this time last year (Year-over-year)

El Cerrito Real Estate Price Trends

The real estate price trend chart shows the median selling prices for homes over time. A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the "noise" from random short-term price fluctuations. Use this chart with the inventory chart to determine if prices for homes will be going up or down.

Home Price Quartiles

Looking at the market in quartiles, where each quartile is 25% of home, ordered by price.

Quartile Median Price Avg. Sqft Avg. DOM Avg Year Built Total Listings
Top/First $1,575,000 1,914 11 1951 19 Most Expensive 25% of properties
Upper/Second $1,325,000 1,899 14 1957 18 Upper-middle 25% of properties
Lower/Third $1,150,000 1,299 13 1949 19 Lower-middle 25% of properties
Bottom/Fourth $870,000 1,238 13 1967 18 Least expensive 25% of properties

El Cerrito Price/SQFT Trends

The median and average square foot price trends. The square foot price is one of the best ways to get a good rough estimate of your homes worth.

El Cerrito Price/SQFT Quartiles

If you try to use the average cost per foot to determine the approximate fair market value (FMV) of another property, you should be careful to understand a few key issues. First, the cost per foot tends to decrease as properties increase in size. In other words, the most expensive homes in El Cerrito, on a cost per foot basis, will tend to be the smallest properties. This is because economies of scale make larger properties less expensive on a cost per foot basis. You should adjust the cost per foot up or down if the subject property is smaller or larger than the average sized home in El Cerrito. The Home SQFT Price Quartiles chart helps give you a better understanding of sqft price and home size.

Quartile (# Listings) Sqft Range Avg. Sqft Price Median Price Avg. DOM
Largest 25% sqft (19) 1,862 - 3,577 $629 $1,490,000 12
Upper-middle 25% sqft (18) 1,472 - 1,833 $792 $1,362,500 12
Lower-middle 25% sqft (19) 1,182 - 1,466 $868 $1,165,000 13
Smallest 25% sqft (18) 770 - 1,144 $914 $925,000 13

Complete Active Residential Inventory

Below is all the properties currently for sale in Alameda, sorted by number of bedrooms.

Detached

Bedrooms Active Listings Median Price Avg Price Avg SQFT Avg $/SQFT
2 5 $899,000 $898,200 1,293 $753
3 14 $938,500 $1,067,857 1,703 $642
4 7 $1,250,000 $1,301,286 2,315 $570
5 2 $1,480,000 $1,480,000 2,102 $684

Condo

Bedrooms Active Listings Median Price Avg Price Avg SQFT Avg $/SQFT
1 2 $495,999 $495,999 410 $1,209
2 3 $699,000 $702,667 1,041 $673
3 5 $931,492 $920,817 1,310 $708

El Cerrito Real Estate Inventory - Monthly Active, Pending and Sold Activity

The real estate inventory chart shows the relations between the total number of properties that are listed each month, placed under contract each month (pending) and sold each month. This chart is good at determining the supply and demand of properties. When trying to find trends in home prices, I look at the number of the new home listings and the current price trends.