Is Berkeley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer'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
$1,411,000
$892/sqft
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
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $700K | $728K | +4.0% |
| 2 Bedrooms | $1.3M | $1.1M | -15.4% |
| 3 Bedrooms | $1.6M | $1.5M | -6.5% |
| 4 Bedrooms | $2.1M | $1.8M | -10.5% |
| 5+ Bedrooms | $2.2M | $2.2M | -1.8% |
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
| Emeryville | $606K | $719K | +18.6% |
| Albany | $1.2M | $1.1M | -4.9% |
| Oakland | $920.7K | $865.5K | -6.0% |
| Berkeley | $1.5M | $1.4M | -11.7% |
Housing Supply in Berkeley, CA
How many homes are available in Berkeley, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 139 | 111 | -20.1% |
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
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 4 | -60.0% |
| 2 Bedrooms | 42 | 34 | -19.0% |
| 3 Bedrooms | 44 | 39 | -11.4% |
| 4 Bedrooms | 34 | 30 | -11.8% |
| 5+ Bedrooms | 9 | 4 | -55.6% |
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 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 49 | 50 | +2.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
39 Homes Were Sold
Over Asking
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 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 22 Days | 22 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
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.
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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