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

Housing Market Conditions



Gauge showing Berkeley is a seller's market


Difference Since November 2022

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.

Housing Prices in Berkeley, CA

How much do homes in Berkeley, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Berkeley have sold for 11.7% less than they did a year ago.

Summary: The median home sold price in Berkeley was $1,411,000 in November 2023, down 11.7% from last year, and the median price per square foot was $892.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $700K$728K
2 $1.3M$1.1M
3 $1.6M$1.5M
4 $2.1M$1.8M
5+ $2.2M$2.2M

Summary: Berkeley housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Cities


Housing Supply in Berkeley, CA

How many homes are available in Berkeley, CA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Berkeley real estate market had 111 homes for sale in November 2023, a 20.1% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 104
2 4234
3 4439
4 3430
5+ 94

Summary: The Berkeley housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes decreased by 19%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 55.6%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

39 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. 90.7% of homes here sold above asking price last month.

Summary: A total of 50 homes were sold or pending in Berkeley in November 2023, up by 2.0% month-over-month. Of the 43 sold homes, 7% were sold under asking, 2% were sold at asking, and 91% were sold over asking.

Days on Market for Berkeley, CA

How long does it take to sell a home in Berkeley, CA?

Average Sale Time

Nov 2022Nov 2023CHANGE
22 Days22 Days-0.2%

Summary: Homes in Berkeley had an average of 22 days on market in Nov 2023, down by 0.2% compared to last year.

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Summary: During November 2023, 50 homes were sold in Berkeley; 84% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 2% 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 1 Day Ago

Newest Listings in Berkeley, CA

Nearby Markets to Berkeley, CA

What housing markets are near Berkeley, CA?