Berkeley, CA Housing Market
The Berkeley housing market is most competitive. Homes in Berkeley receive 2 offers on average and sell in around 14 days. The median sale price of a home in Berkeley was $1.4M last month, down 5.7% since last year. The median sale price per square foot in Berkeley is $967, up 15.5% since last year.
Berkeley Housing Market Trends
In May 2024, Berkeley home prices were down 5.7% compared to last year, selling for a median price of $1.4M. On average, homes in Berkeley sell after 14 days on the market compared to 14 days last year. There were 70 homes sold in May this year, up from 69 last year.
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How hot is the Berkeley housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 18% above list price and go pending in around 15 days.
- Hot homescan sell for about 34% above list price and go pending in around 13 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 9% above list price and go pending in around 16 days.
- Hot homescan sell for about 21% above list price and go pending in around 12 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 5% above list price and go pending in around 9 days.
- Hot homescan sell for about 12% above list price and go pending in around 6 days.
Berkeley Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Berkeley from outside metros.
- New York homebuyers searched to move into Berkeley more than any other metro followed by Santa Barbara and Pensacola.
- 78% of Berkeley homebuyers searched to stay within the Berkeley metropolitan area.
- Sacramento was the most popular destination among Berkeley homebuyers followed by Los Angeles and San Diego.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 463 | ||
2 | 142 | ||
3 | 90 | ||
4 | 66 | ||
5 | 39 | ||
6 | 11 | ||
7 | 9 | ||
8 | 4 | ||
9 | 3 | ||
10 | 2 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 12,167 | ||
2 | 3,361 | ||
3 | 2,714 | ||
4 | 1,822 | ||
5 | 1,808 | ||
6 | 1,448 | ||
7 | 1,370 | ||
8 | 1,367 | ||
9 | 1,351 | ||
10 | 1,320 |
Home offer insights for Berkeley
Recent offers
View houses in Berkeley that sold recently
Recently sold homes
- $2,025,000 Last Sold Price2 beds2 baths1,745 sq ft1 Roble Rd, Berkeley, CA 94705List Price$1,398,000Sale to List45% over listDays on Market27 days1 Roble Rd, Berkeley, CA 94705
- $1,840,000 Last Sold Price3 beds2.5 baths2,079 sq ft44 Beverly Rd, Kensington, CA 94707List Price$1,149,000Sale to List60% over listDays on Market19 days44 Beverly Rd, Kensington, CA 94707
- $1,325,000 Last Sold Price3 beds1 bath1,097 sq ft1401 Derby St, Berkeley, CA 94702List Price$899,000Sale to List47% over listDays on Market18 days1401 Derby St, Berkeley, CA 94702
- $1,650,000 Last Sold Price2 beds2 baths1,706 sq ft245 Los Altos Dr, Kensington, CA 94708List Price$1,650,000Sale to List0% over listDays on Market41 days245 Los Altos Dr, Kensington, CA 94708
- $1,675,000 Last Sold Price3 beds3 baths1,728 sq ft1520 Olympus Ave, Berkeley, CA 94708List Price$1,298,000Sale to List29% over listDays on Market30 days1520 Olympus Ave, Berkeley, CA 94708
- $2,725,001 Last Sold Price5 beds2.5 baths2,869 sq ft2954 Avalon Ave, Berkeley, CA 94705List Price$1,995,000Sale to List37% over listDays on Market44 days2954 Avalon Ave, Berkeley, CA 94705
- $510,000 Last Sold Price2 beds1 bath605 sq ft2209 Byron St, Berkeley, CA 94702List Price$529,000Sale to List4% under listDays on Market30 days2209 Byron St, Berkeley, CA 94702
- $1,560,000 Last Sold Price3 beds1.5 baths1,607 sq ft2176 Oregon St, Berkeley, CA 94705List Price$1,295,000Sale to List20% over listDays on Market44 days2176 Oregon St, Berkeley, CA 94705
See all recently sold homes in Berkeley.
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Schools in Berkeley
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Berkeley Arts Magnet At Whittier School Public • K-5 | 387 Students | 18 reviews |
8/10 Ruth Acty Elementary Public • K-5 | 411 Students | 31 reviews |
8/10 Marin Elementary School Public • K-5 | 494 Students | 6 reviews |
8/10 Cornell Elementary School Public • K-5 | 542 Students | 6 reviews |
7/10 Thousand Oaks Elementary School Public • K-5 | 362 Students | 13 reviews |
Climate's impact on Berkeley housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Berkeley.
Flood Factor - Minor
Flood Factor
![flood factor score logo](https://ssl.cdn-redfin.com/v526.2.3/images/riskFactor/regional/flood-1.png)
Fire Factor - Moderate
Fire Factor
![fire factor score logo](https://ssl.cdn-redfin.com/v526.2.3/images/riskFactor/regional/fire-2.png)
Wind Factor - Minimal
Wind Factor
![wind factor score logo](https://ssl.cdn-redfin.com/v526.2.3/images/riskFactor/regional/wind-0.png)
Heat Factor - Moderate
Heat Factor
![heat factor score logo](https://ssl.cdn-redfin.com/v526.2.3/images/riskFactor/regional/heat-2.png)
Transportation in Berkeley
Walk Score®
Transit Score®
Bike Score®
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