Is Berkeley, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Berkeley was a Seller's Market.
Key Takeaway
Berkeley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Berkeley, CO
How much do homes in Berkeley, CO cost?
Median Sold Price
$905,000
$509/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Berkeley have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Berkeley was $905,000 in April 2024, up 1.9% from last year, and the median price per square foot was $509.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $495K | $475K | -4.0% |
| 2 Bedrooms | $680K | $670K | -1.5% |
| 3 Bedrooms | $865K | $957K | +10.6% |
| 4 Bedrooms | $1.2M | $1.2M | +4.0% |
| 5+ Bedrooms | $1.6M | $1.5M | -10.8% |
Summary: Berkeley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 10.8%.
Housing Supply in Berkeley, CO
How many homes are available in Berkeley, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 65 | +47.7% |
Summary: The Berkeley real estate market had 65 homes for sale in April 2024, a 47.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 14 | +55.6% |
| 3 Bedrooms | 8 | 15 | +87.5% |
| 4 Bedrooms | 19 | 24 | +26.3% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Berkeley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 55.6%, 3 bedroom homes increased by 87.5%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berkeley, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Berkeley in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Berkeley, CO
How long does it take to sell a home in Berkeley, CO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 24 Days | +185.6% |
Summary: Homes in Berkeley had an average of 24 days on market in Apr 2024, up by 185.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was 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 April 2024, 8 homes were sold in Berkeley; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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