$5,106 Closing Credit*
$430,000
690 SqFt
1 Bed
•1 Full Bath
Christine Malara, Listing Office: Compass - Denver
Is Berkeley, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, CO
How much do homes in Berkeley, CO cost?
Median Sold Price
$905,000
$485/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,500(+2.5%)
Key Takeaway
Homes in Berkeley have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Berkeley was $905,000 in October 2024, up 2.5% from last year, and the median price per square foot was $485.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $452.2K | $521K | +15.2% |
| 2 Bedrooms | $695.5K | $635K | -8.7% |
| 3 Bedrooms | $910K | $862.5K | -5.2% |
| 4 Bedrooms | $1.2M | $1.2M | -3.0% |
| 5+ Bedrooms | $1.6M | $1.5M | -6.3% |
Summary: Berkeley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 6.3%.
Housing Supply in Berkeley, CO
How many homes are available in Berkeley, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 84 | +6.3% |
Summary: The Berkeley real estate market had 84 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 26 | 26 | 0.0% |
| 4 Bedrooms | 23 | 24 | +4.3% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Berkeley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 27.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berkeley, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Berkeley in October 2024, up by 27.8% month-over-month. Of the 23 sold homes, 35% were sold under asking, 22% were sold at asking, and 43% were sold over asking.
Days on Market for Berkeley, CO
How long does it take to sell a home in Berkeley, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 47 Days | +132.9% |
Summary: Homes in Berkeley had an average of 47 days on market in Oct 2024, up by 132.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 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 October 2024, 23 homes were sold in Berkeley; 57% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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