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

Housing Market Conditions



Gauge showing Berkeley is a seller's market


Difference Since May 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, IL

How much do homes in Berkeley, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Berkeley have sold for 4.6% less than they did a year ago.

Summary: The median home sold price in Berkeley was $270,000 in May 2024, down 4.6% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
2 $210K$248.9K
3 $285K$282K
4 $295K$307.5K
5+ $362.5K-

Summary: Berkeley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.5%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities


Housing Supply in Berkeley, IL

How many homes are available in Berkeley, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Berkeley real estate market had 14 homes for sale in May 2024, a 16.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
2 43
3 69
4 11
5+ 11

Summary: The Berkeley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berkeley, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Berkeley in May 2024, the same as the previous month. Of the 5 sold homes, 0% were sold under asking, 60% were sold at asking, and 40% were sold over asking.

Days on Market for Berkeley, IL

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

Average Sale Time

May 2023May 2024CHANGE
15 Days5 Days-64.7%

Summary: Homes in Berkeley had an average of 5 days on market in May 2024, down by 64.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 May 2024, 5 homes were sold in Berkeley; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in Berkeley, IL

Nearby Markets to Berkeley, IL

What housing markets are near Berkeley, IL?