Is Berkeley, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berkeley is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in Berkeley, CA cost?

Median Sold Price

$1,620,772

$1,010/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$182,772(+12.7%)

Key Takeaway

Homes in Berkeley have sold for 12.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $700K$675K
-3.6%
2 $1.1M$1.3M
+16.0%
3 $1.5M$1.6M
+6.6%
4 $1.7M$2.1M
+20.4%
5+ $2.2M$2.5M
+9.3%

Median Sold Price Compared To Nearby Cities

Berkeley
+12.7%
Albany
+6.8%
Oakland
+5.1%
Emeryville
-3.2%

How many homes are available in Berkeley, CA?

Number of Homes For Sale

Aug 2022Sep 2022%
105121+15.2%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 86
-25.0%
2 3744
+18.9%
3 2840
+42.9%
4 2525
0.0%
5+ 76
-14.3%

Number of Homes Sold

Aug 2022Sep 2022%
3940+2.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

35 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berkeley, you could pay more than the asking price. 92.1% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
18 Days19 Days+8.0%

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Berkeley, CA

There are 121 homes are for sale in Berkeley, CA real estate market. The inventory of homes for sale in Berkeley, CA between August 2022 and September 2022 increased by 15.2%. While the average time on the market in September 2022 was 19 days, the median list price was $1,620,772. This housing market listing prices have changed between August 2022 and September 2022: the cost of 1 bedroom properties went down by 3.6%, the cost of 2 bedrooms properties went up by 16%, 3 bedrooms properties prices increased by 6.6%, the cost of 4 bedrooms properties went up by 20.4%, 5 bedrooms properties prices increased by 9.3%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 25%, volume of 2 bedrooms homes went up by 18.9%, the quantity of 3 bedrooms homes went up by 42.9%, number of 4 bedrooms homes remained the same, 5 bedrooms homes inventory decreased by 14.3%. In September 2022, from all listings sold in Berkeley, CA there were more than 35 sold above asking price, over 3 sold below and more than 0 were sold right at the asked price.

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