Lamorinda hills at sunset
March 2023 Issue

The Lamorinda Report March 2023

Lafayette detached home prices fell 32.8% year over year in March 2023, the largest move of the three communities.

Median prices, days on market, and full property-type detail for Lafayette, Moraga, and Orinda. Every figure is split by property type. No blended medians.

Total closings
46 -35.2% YoY
Lafayette Detached median
-32.8% year over year
Median days on market
14 days +55.6% YoY
Sale to list
100.4% -11.4% YoY
Sourced from the local MLS
Split by property type
BrightWork in Lamorinda since 1977
At a Glance

March 2023 at a glance

Each city is broken out by property type. Reporting a single blended median would misstate this market, most of all in Moraga, where condominium and townhouse prices sit well below detached homes.

March 2023

Lafayette

Detached 14 closed
Median sale price
$1.78M -32.8% YoY
Median $/sq ft
$884
Median days on market
20
Sale to list
101.2%
Condo 3 closed
Median sale price
$1.45M +16.0% YoY
Median $/sq ft
$970
Median days on market
12
Sale to list
97.0%
March 2023

Moraga

Detached 6 closed
Median sale price
$2.06M -11.3% YoY
Median $/sq ft
$888
Median days on market
7
Sale to list
107.1%
Condo 1 closed
Median sale price
$750K +20.0% YoY
Median $/sq ft
$607
Median days on market
21
Sale to list
99.4%
March 2023

Orinda

Detached 20 closed
Median sale price
$1.89M -14.9% YoY
Median $/sq ft
$791
Median days on market
14
Sale to list
100.0%
Condo 2 closed
Median sale price
$576.1K +25.2% YoY
Median $/sq ft
$648
Median days on market
3
Sale to list
113.2%

What This Means for Lamorinda

Lafayette detached home prices fell 32.8% year over year in March 2023, the largest move of the three communities. The picture shifts for different kinds of buyers and sellers across Lamorinda this month. That's a real opportunity for anyone whose listing expired elsewhere and is ready to relaunch with a different strategy instead of just cutting the price, or sellers who'd rather fund pre-sale improvements than sell at a discount, through pre-sale construction financing. Worth a conversation if any of that sounds like where you are.

Transactions with a Story

The sales that beat expectation, and the ones that fought for it

The month's standouts across all three towns: the top sale, the homes that closed furthest over list, and the ones that took the longest road to closing. Every note below is computed from the closing data.

Top sale this month
$5.38M

4174 Canyon Rd

Lafayette | 20 days on market | 6,835 sq ft

Closed over list

$1.07M

682 Glenside Dr

Detached | Lafayette | 20 days on market

682 Glenside Dr closed 35.22% over list in 20 days.

$580K

73 Brookwood Rd

Condo | Orinda | 3 days on market

73 Brookwood Rd closed 22.11% over list in 3 days.

$2.73M

112 La Quinta St

Detached | Moraga | 8 days on market

112 La Quinta St closed 18.48% over list in 8 days.

$2.25M

83 Marie Place

Detached | Moraga | 7 days on market

83 Marie Place closed 12.78% over list in 7 days.

$3.31M

98 Estates Dr

Detached | Orinda | 0 days on market

98 Estates Dr closed 12.2% over list in 0 days.

The long road to closing

$1.98M

46 Camino Sobrante

Detached | Orinda | 175 days on market

46 Camino Sobrante spent 175 days on market before closing 1.2% below list.

$1.05M

2 Orchard Ct

Detached | Orinda | 133 days on market

2 Orchard Ct spent 133 days on market before closing.

$1.88M

137 Tharp Dr

Detached | Moraga | 120 days on market

137 Tharp Dr spent 120 days on market before closing 3.65% below list.

$1.66M

22 El Toyonal

Detached | Orinda | 115 days on market

22 El Toyonal spent 115 days on market before closing 7.66% below list.

MCC Spotlight

Moraga Country Club

Moraga Country Club sales are reported as detached and townhouse homes only. MCC has no condominium sales in our data, so its price split is narrower than Moraga citywide.

March 2023 closings by floor plan:

Sequoyah
$2.73M

112 La Quinta St

Detached

Sold
$2.73M
List
$2.3M
DOM
8
$/sq ft
$798
Transaction log

Closed sales in Lamorinda, March 2023

Every closed sale across Lafayette, Moraga, and Orinda for March 2023, reported by property type.

Address City Type Sale price Closed DOM Sq ft
Questions

About this month's data

What was the median home price in Moraga in March 2023?

In March 2023, Moraga's median sale price was detached homes at $2.06M, condominiums at $750K. BrightWork reports each property type separately because a single blended median misrepresents the Moraga market, where condominium and townhouse prices sit far below detached homes.

What was the median detached home price in Lafayette in March 2023?

Lafayette's median detached sale price in March 2023 was $1.78M across 14 closings, with a median of 20 days on market.

When are Lamorinda home prices highest during the year?

Across 2021 through 2025, our detached-only seasonal index shows sale prices peaking in May and reaching their low in January.

Does Moraga Country Club include condominiums?

No. Moraga Country Club sales in our data are detached and townhouse homes only. It has no condominium sales, so its detached versus townhouse price gap is narrower than the citywide Moraga split.

Ben Olsen, REALTOR with BrightWork Realty Advocates
REALTOR, BrightWork Realty Advocates

Ben Olsen

REALTOR, BrightWork Realty Advocates
DRE 02014153 / 01409268 (Ben Olsen)

Ben Olsen represents buyers and sellers through BrightWork Realty Advocates, with a practical, data-driven focus on Lafayette, Moraga, and Orinda, the pricing patterns that actually move within each city, and the details that separate a well-timed decision from a rushed one.

This report is designed as a field guide for Lamorinda decisions: real closing data every month, split by city and property type, the sales that beat expectation and the ones that didn't, and a clearer way to read what's actually happening before you list or make an offer.

Full bio

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Data reflects closed transactions from the local MLS for March 2023, split by property type. Figures for the current calendar year are partial. This report is published by BrightWork Realty Advocates and is not an offer of representation.