The Bay Area has a hot real estate market. But, it's tough for landlords to navigate it. One...
Our Property Management Services in Berkeley CA
The Berkeley housing market is best. Homes in Berkeley receive 7 offers on the average and sell in around 13 days. the typical sale price of a range in Berkeley was $1.4M last month, up 7.5% since last year. the typical sale price per sq ft in Berkeley is $778, down 5.6% since last year.
In September 2020, the median asking price of homes in Berkeley, CA was $1.3M, trending up 11.1% year-over-year. The median listing price per sq ft was $730. The median sale price was $1.4M.
On average, homes in Berkeley, CA sell after 41 days on the market. The trend for median days on market in Berkeley, CA has gone up since last month, and slightly up since last year.
The City of Berkeley passed the Fair Chance Access to Housing Ordinance in 2020. This ordinance overall restricts the use of criminal background checks for rental housing applications, and other housing decisions, by landlords. The Fair Chance Access To Housing Ordinance requires landlords to include a statutory disclosure in their rental housing applications and to make the disclosure accessible at their leasing offices and leasing websites if they use them. You can download the the disclosure form here to comply with the ordinance.
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OUR FAQS
How competitive is the Berkeley housing market?
The Berkeley housing market is highly competitive, with homes receiving an average of 7 offers and selling within 13 days. The market’s fast pace emphasizes high demand for properties in this desirable area.
What is the average sale price of homes in Berkeley, CA?
The typical sale price of a home in Berkeley is $1.4M, reflecting a 7.5% increase from last year. This rise demonstrates the continuing strength of the market despite other adjustments in the Bay Area.
How much is the price per square foot in Berkeley?
The average sale price per square foot in Berkeley is $778, down 5.6% from last year. This decrease offers potential buyers a slight advantage in finding better deals per square foot in the area.
What was the median asking price of homes in Berkeley in 2020?
In September 2020, the median asking price of homes in Berkeley was $1.3M, reflecting an 11.1% increase year-over-year. The upward trend at that time showcased the ongoing strength of Berkeley’s housing market.
How has the Berkeley housing market changed over the past year?
Over the past year, the Berkeley housing market has seen a 7.5% increase in sale prices but a 5.6% decrease in price per square foot. These trends indicate strong demand, but also some adjustments in pricing metrics.
What is the Fair Chance Access to Housing Ordinance in Berkeley?
The Fair Chance Access to Housing Ordinance, passed in 2020, restricts the use of criminal background checks in rental housing applications. Landlords must include statutory disclosures in applications and make them accessible online and in leasing offices.
How long do homes stay on the market in Berkeley, CA?
Homes in Berkeley, on average, stay on the market for 41 days. While this number has slightly increased, many homes still sell quickly due to the competitive nature of the market.
What is driving the competitiveness of the Berkeley housing market?
The competitiveness in Berkeley’s housing market is driven by high demand, a strong economy, excellent schools, and its proximity to major job hubs. These factors contribute to homes receiving multiple offers and selling quickly.
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