Is Berkeley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$1,387,625
$886/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Berkeley have sold for 8.2% less than they did a year ago.
Summary: The median home sold price in Berkeley was $1,387,625 in April 2024, down 8.2% from last year, and the median price per square foot was $886.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $775K | $705K | -9.0% |
| 2 Bedrooms | $1.2M | $1.0M | -13.6% |
| 3 Bedrooms | $1.5M | $1.5M | -1.3% |
| 4 Bedrooms | $2.0M | $1.8M | -10.7% |
| 5+ Bedrooms | $2.2M | $2.2M | +0.7% |
Summary: Berkeley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Emeryville | $650K | $680K | +4.6% |
| Briones | $930K | $915K | -1.6% |
| Oakland | $901.6K | $871K | -3.4% |
| Berkeley | $1.5M | $1.3M | -8.2% |
| Albany | $1.1M | $1.0M | -9.4% |
Housing Supply in Berkeley, CA
How many homes are available in Berkeley, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 132 | 167 | +26.5% |
Summary: The Berkeley real estate market had 167 homes for sale in April 2024, a 26.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 13 | +44.4% |
| 2 Bedrooms | 36 | 52 | +44.4% |
| 3 Bedrooms | 41 | 48 | +17.1% |
| 4 Bedrooms | 30 | 32 | +6.7% |
| 5+ Bedrooms | 16 | 22 | +37.5% |
Summary: The Berkeley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 61 | +32.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berkeley, you could pay more than the asking price. 83.1% of homes here sold above asking price last month.
Summary: A total of 61 homes were sold or pending in Berkeley in April 2024, up by 32.6% month-over-month. Of the 59 sold homes, 10% were sold under asking, 7% were sold at asking, and 83% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 14 Days | -31.4% |
Summary: Homes in Berkeley had an average of 14 days on market in Apr 2024, down by 31.4% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 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 April 2024, 61 homes were sold in Berkeley; 90% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% 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. 
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. 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. Properties may or may not be listed by the office/agent presenting the information. 
Copyright © 2024 by Bay Area Real Estate Information Services, Inc. All rights reserved.