$10,000 Closing Credit*
$1,350,000
2,379 SqFt
3 Beds
•1 Full Bath, 3 Partial
Jay Feaster, Listing Office: Feaster Realty
Is Berkeley, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$878,000
$486/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$34,500(-3.8%)
Key Takeaway
Homes in Berkeley have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Berkeley was $878,000 in November 2024, down 3.8% from last year, and the median price per square foot was $486.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $510.5K | +7.5% |
| 2 Bedrooms | $687.5K | $635K | -7.6% |
| 3 Bedrooms | $920K | $861.2K | -6.4% |
| 4 Bedrooms | $1.3M | $1.1M | -16.1% |
| 5+ Bedrooms | $1.6M | $1.5M | -3.9% |
Summary: Berkeley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes decreased by 3.9%.
Housing Supply in Berkeley, CO
How many homes are available in Berkeley, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 71 | -13.4% |
Summary: The Berkeley real estate market had 71 homes for sale in November 2024, a 13.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 14 | 20 | +42.9% |
| 3 Bedrooms | 26 | 20 | -23.1% |
| 4 Bedrooms | 23 | 16 | -30.4% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Berkeley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 30.4%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 12 | -47.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berkeley, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Berkeley in November 2024, down by 47.8% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 15 Days | -63.2% |
Summary: Homes in Berkeley had an average of 15 days on market in Nov 2024, down by 63.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 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 November 2024, 12 homes were sold in Berkeley; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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