Is Berkeley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Berkeley has remained a Seller's Market.
Housing Prices in Berkeley, CA
How much do homes in Berkeley, CA cost?
Median Sold Price
$1,388,000
$879/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Berkeley was $1,388,000 in March 2024, down 10.5% from last year, and the median price per square foot was $879.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $775K | $721.7K | -6.9% |
2 Bedrooms | $1.2M | $1.0M | -16.7% |
3 Bedrooms | $1.6M | $1.5M | -5.4% |
4 Bedrooms | $2.0M | $1.8M | -8.6% |
5+ Bedrooms | $2.2M | $2.2M | -1.1% |
Summary: Berkeley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
Emeryville | $650K | $667.5K | +2.7% |
Briones | $912K | $936.5K | +2.7% |
Oakland | $911.8K | $866K | -5.0% |
Albany | $1.2M | $1.1M | -8.3% |
Berkeley | $1.5M | $1.3M | -10.5% |
Housing Supply in Berkeley, CA
How many homes are available in Berkeley, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
107 | 142 | +32.7% |
Summary: The Berkeley real estate market had 142 homes for sale in March 2024, a 32.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 29 | 40 | +37.9% |
3 Bedrooms | 33 | 40 | +21.2% |
4 Bedrooms | 27 | 36 | +33.3% |
5+ Bedrooms | 10 | 17 | +70.0% |
Summary: The Berkeley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 37.9%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 70%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 47 | +74.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Berkeley in March 2024, up by 74.1% month-over-month. Of the 45 sold homes, 16% were sold under asking, 9% were sold at asking, and 76% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 18 Days | -2.2% |
Summary: Homes in Berkeley had an average of 18 days on market in Mar 2024, down by 2.2% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 47 homes were sold in Berkeley; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.