Real Estate Market Update for Berkeley, CA
Welcome to March's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 27% from one year earlier, and down 4% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 950-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 22%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 950-thousand dollars. The number of units sold increased 12% year-over-year, and increased 125% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Berkeley, CA
Area Information for Berkeley, CA
  • Population: 114,642
  • Median Age: 31.81 yr
  • Median Commute Time: 22.38 mins
  • Educational Climate*: 4
  • Sales Tax: 9%
  • Population Density: 10,949/sq mi
  • Population Change Since 2000: 11.58%
  • Closest Airport: Metropolitan Oakland International
  • Closest College: Expression College For Digital Arts
  • Closest Jr. College: Berkeley City College
  • Median Household Income: $59,348
  • Annual Residential Turnover: 17.17%
  • Median Years in Residence: 2.86 yr
  • Median Home Sales Price: $545,000
  • Closest Major Sports Team: Giants
  • Change Avg. Household Income Since 2000: 33%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Berkeley, CA
Median Age: 31.81 Married: 22% Number of Households: 47,310 Households with Children: 8,857
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Berkeley, CA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      School Of The Madeleine 0.3 mi Catholic K-8 0 5
      Berkeley Arts Magnet At Whittier School 0.3 mi Public K-6 4 4
      Martin Luther King Middle School 0.3 mi Public 6-8 4 4
      Hopkins Early Childhood 0.4 mi Public PRESCHOOL-PRESCHOOL 0 0
      Archway A Program Of Woodsedge 0.4 mi Private 5-8 0 0
      Oxford Elementary School 0.5 mi Public K-5 4 4
      Pacific Boychoir Academy 0.6 mi Private 4-8 0 4
      Montessori Family School 0.6 mi Private PRESCHOOL-8 0 4
      The Crowden School 0.7 mi Private 4-8 0 5
      Saint Mary's College High School 0.7 mi Catholic 9-12 0 4
      Cedar Creek Montessori School 0.7 mi Private PRESCHOOL-K 0 0
      Jefferson Elementary School 0.8 mi Public K-5 4-5 4
      Berkeley High School 0.9 mi Public 9-12 3 3
      West Wind Academy 0.9 mi Private 1-11 0 0
      Cragmont Elementary School 0.9 mi Public K-5 4 4
      Aspire California College Preparatory Academy 0.9 mi Public K-12 3 4
      Thousand Oaks Elementary School 1.0 mi Public K-5 3-5 5
      Washington Elementary School 1.0 mi Public K-5 4 4
      Berkwood Hedge 1.0 mi Private K-5 0 5
      Marin Elementary School 1.1 mi Public K-5 4-5 5
      Bright Star Montessori School 1.1 mi Private PRESCHOOL-K 0 0
      The Berkeley School 1.1 mi Private PRESCHOOL-8 0 5
      Shu Ren International School 1.1 mi Private PRESCHOOL-8 0 5
      Walden Center And School 1.2 mi Private PRESCHOOL-6 0 5
      Cornell Elementary School 1.5 mi Public K-5 4-5 4
      School For Independent Learners - East Bay 1.5 mi Private 6-12 0 0
      Albany High School 1.5 mi Public 9-12 4-5 4
      Franklin Preschool 1.5 mi Public PRESCHOOL-PRESCHOOL 0 0
      King Child Development Center 1.5 mi Public PRESCHOOL-PRESCHOOL 0 0
      Berkeley Technology Academy 1.5 mi Public 9-12 1 0
      Realm Charter Middle School 1.6 mi Public 6-8 1 4
      Realm Charter High School 1.6 mi Public 9-12 1 4
      Willard Middle School 1.6 mi Public 6-8 3-5 4
      Academy, The 1.6 mi Private K-8 0 4
      Longfellow Arts And Technology Middle School 1.6 mi Public 6-8 3-5 3
      Nia House Learning Center 1.7 mi Private PRESCHOOL-K 0 0
      Black Pine Circle School 1.7 mi Private K-8 0 4
      Rosa Parks Environmental Science Magnet School 1.7 mi Public K-5 4-5 4
      Ocean View Elementary School 1.7 mi Public K-5 4 4
      Maybeck High School 1.7 mi Private 9-12 0 4
      Leconte Elementary School 1.7 mi Public K-5 3 4
      Macgregor High (continuation) School 1.7 mi Public 9-12 0 1
      Emerson Elementary School 1.7 mi Public K-5 3-5 5
      Albany Middle School 1.8 mi Public 6-8 4-5 4
      Via Center 1.8 mi Private UNGRADE-UNGRADE 0 4
      Windrush School 1.9 mi Private K-8 0 4
      Malcolm X Elementary School 2.0 mi Public K-5 4 4
      Global Montessori International School 2.1 mi Private PRESCHOOL-6 0 0
      Ecole Bilingue De Berkeley 2.1 mi Private PRESCHOOL-8 0 5
      John Muir Elementary School 2.2 mi Public K-5 2 5
      Kensington Elementary School 2.3 mi Public K-6 5 5
      American International Montessori School 2.3 mi Private PRESCHOOL-K 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Berkeley, CA
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.