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Berkeley Real Estate Prices And Market Stats

  • 89 Total For Sale
  • 27 New Listings
  • 1 Back On Market
  • 1 Price Change

There are currently 89 properties for sale and Berkeley real estate prices are between $499,000 and $5,995,000. The median price for homes that are currently for sale is $1,250,000. Homes are selling for about $699 per square foot. If you are serious about buying a home, we highly recommend setting up a market watch notification so you don't miss out.

Median Price

$1,250,000

$499,000
Lowest Priced

$5,995,000
Highest Priced

Avg Price/SQFT

$699

$393
Lowest

$1,234
Highest

Avg DOM

15

Berkeley Residential Real Estate Analysis

August 2019 VS. August 2018

Detached Homes

Unit Sales

48 Sales -13% (55)

Median Sales Price

$1,330,000 2% ($1,310,000)

Avg $/sqft

$853 10% ($776)

Average Days On Market

18 -30% (26)

Selling/listing Price

122% 6% (115%)

Condos

Unit Sales

7 Sales -30% (10)

Median Sales Price

$875,000 30% ($674,000)

Avg $/sqft

$820 -7% ($879)

Average Days On Market

33 17% (28)

Selling/listing Price

110% 4% (106%)

Townhomes

Insufficient Data To create Report

Berkeley Sales Rate (Absortion Rate)

This is a measure, in weeks, of how long it would take to sell all of the existing properties currently for sale in Berkeley based on the recent historic rate of sales. It is calculated by dividing the number of active listings by the run-rate of sales for properties in Berkeley over the last months years. It does not account for seasonal variance, which can be significant. Normally the run rate will accelerate in the spring/summer and slow down in the fall/winter. This means that in a "normal year" the trends will slightly over state the index in the spring/summer and understate it in the fall/winter. Basically, this measure attempts to place the current inventory into the context of whether it is a Buyer's, Seller's or Balanced market. Buyer's market is over 16 weeks and a seller's market is under 16 weeks.

Detached Homes

Sales per Week

13.83 sold/week

total Currently for sale

74

Absorption Rate

5.35 weeks

Condos

Sales per Week

1.67 sold/week

total Currently for sale

12

Absorption Rate

7.20 weeks

Townhomes

Sales per Week

0.08 sold/week

total Currently for sale

2

Absorption Rate

24.00 weeks

All

Sales per Week

15.58 sold/week

total Currently for sale

89

Absorption Rate

5.71 weeks

Berkeley Real Estate Price trends

Key Insights
  • The monthly median selling price is on a 4 month price trend where property prices have increased 18%

The real estate price trend chart shows the median selling prices for homes over time. A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the "noise" from random short-term price fluctuations. Use this chart with the inventory chart to determine if prices for homes will be going up or down.

Home Price Quartiles

Looking at the market in quartiles, where each quartile is 25% of home, ordered by price

Quartile Median Price Avg. Sqft Avg. DOM Avg Year Built New Listings Total Listings
Top/First $2,025,000 2,905 14 1935 0 47 Most Expensive 25% of properties
Upper/Second $1,491,000 1,693 14 1937 0 46 Upper-middle 25% of properties
Lower/Third $1,175,000 1,422 14 1942 0 47 Lower-middle 25% of properties
Bottom/Fourth $875,000 1,071 14 1933 0 46 Least expensive 25% of properties

Berkeley Price Per Square Foot Trends

The median and average square foot price trends. The square foot price is one of the best ways to get a good rough estimate of your homes worth.

Berkeley Home SQFT Price Quartiles

If you try to use the average cost per foot to determine the approximate fair market value (FMV) of another property, you should be careful to understand a few key issues. First, the cost per foot tends to decrease as properties increase in size. In other words, the most expensive homes in Berkeley, on a cost per foot basis, will tend to be the smallest properties. This is because economies of scale make larger properties less expensive on a cost per foot basis. You should adjust the cost per foot up or down if the subject property is smaller or larger than the average sized home in Berkeley. The Home SQFT Price Quartiles chart helps give you a better understanding of sqft price and home size.

Quartile (# Listings) Sqft Range Avg. Sqft Price Median Price Avg. DOM Avg Year Built
Largest 25% sqft (47) 2,162 - 5,421 $704 $2,000,679 15 1938
Upper-middle 25% sqft (46) 1,545 - 2,150 $809 $1,450,000 14 1940
Lower-middle 25% sqft (47) 1,113 - 1,543 $909 $1,175,000 14 1935
Smallest 25% sqft (46) 550 - 1,096 $1,013 $907,500 14 1934

Berkeley Real Estate Inventory - Monthly Active, Pending and Sold Activity

The real estate inventory chart shows the relations between the total number of properties that are listed each month, placed under contract each month (pending) and sold each month. This chart is good at determining the supply and demand of properties. When trying to find trends in home prices, I look at the number of the new home listings and the current price trends.

Date Median Price DOM Avg $/sqft Sales Ratio
Aug/2019 $989,000 14 $849 121.01%
Jul/2019 $1,106,500 14 $893 119.12%
Jun/2019 $995,000 14 $820 119.78%
May/2019 $1,098,000 14 $799 120.12%
Apr/2019 $949,500 14 $856 122.57%
Mar/2019 $921,000 16 $819 115.08%
Feb/2019 $995,000 15 $789 112.30%
Jan/2019 $948,000 16 $740 112.10%
Dec/2018 $1,116,500 32 $843 105.22%
Nov/2018 $985,000 15 $745 113.79%
Oct/2018 $989,500 14 $758 118.38%
Sep/2018 $1,046,500 17 $782 113.99%
Aug/2018 $995,000 15 $790 114.06%

Complete Residential Inventory

Below is all the properties currently for sale in Berkeley, sorted by number of bedrooms.

Condo

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
1 2 $718,500 $718,500 924 $779 $779
2 7 $775,000 $735,286 1,016 $708 $736
3 3 $1,080,000 $1,058,000 1,518 $684 $726
all 12 $785,000 $813,167 1,126 $738 $741

Detached - Single Family Homes

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 11 $899,998 $917,000 1,220 $770 $762
3 27 $1,295,000 $1,334,329 2,007 $737 $723
4 21 $1,895,000 $2,132,762 3,124 $647 $676
5 10 $2,024,500 $2,480,400 3,931 $628 $649
6 4 $1,946,500 $2,185,750 3,898 $561 $551
7 1 $5,995,000 $5,995,000 12,000 $499 $500
all 74 $1,395,000 $1,762,755 2,704 $686 $693

Duet

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
5 1 $999,000 $999,000 2,178 $458 $459
all 1 $999,000 $999,000 2,178 $458 $459

Townhouse

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 2 $800,000 $800,000 1,036 $772 $772
all 2 $800,000 $800,000 1,036 $772 $772