$8,253 Closing Credit*
$695,000
961 SqFt
2 Beds
•1 Full Bath
Jessie Zhong, Listing Office: eXp Realty of California Inc
Is Berkeley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
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
$1,405,000
$903/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,600(+0.5%)
Key Takeaway
The sold price of homes in Berkeley has remained the same since last year.
Summary: The median home sold price in Berkeley was $1,405,000 in November 2024, up 0.5% from last year, and the median price per square foot was $903.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $728K | $667.5K | -8.3% |
| 2 Bedrooms | $1.0M | $1.1M | +4.4% |
| 3 Bedrooms | $1.5M | $1.5M | 0.0% |
| 4 Bedrooms | $1.8M | $1.9M | +2.2% |
| 5+ Bedrooms | $2.2M | $2.2M | +1.3% |
Summary: Berkeley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 4.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Berkeley | $1.3M | $1.4M | 0.5% |
| Oakland | $850.3K | $850K | 0% |
| Emeryville | $699.9K | $699.5K | -0.1% |
| Albany | $1.1M | $1.0M | -4.6% |
| Briones | $950K | $860K | -9.5% |
Housing Supply in Berkeley, CA
How many homes are available in Berkeley, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 167 | 130 | -22.2% |
Summary: The Berkeley real estate market had 130 homes for sale in November 2024, a 22.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 12 | -20.0% |
| 2 Bedrooms | 42 | 25 | -40.5% |
| 3 Bedrooms | 47 | 42 | -10.6% |
| 4 Bedrooms | 46 | 36 | -21.7% |
| 5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The Berkeley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 40.5%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 40 | -40.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berkeley, you could pay more than the asking price. 81.6% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in Berkeley in November 2024, down by 40.3% month-over-month. Of the 38 sold homes, 13% were sold under asking, 5% were sold at asking, and 82% 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 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 26 Days | +23.2% |
Summary: Homes in Berkeley had an average of 26 days on market in Nov 2024, up by 23.2% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Berkeley are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 40 homes were sold in Berkeley; 73% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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