Why Live in Berkeley
Berkeley's cultural scene centers around the renowned University of California, Berkeley campus, where residents enjoy free lectures and concerts at the Greek Theatre amphitheater. The city's Mediterranean climate features year-round mild temperatures, with summer highs rarely exceeding 80°F. Outdoor enthusiasts explore 50+ parks, including Tilden Regional Park's hiking trails, steam train, and farm. The Berkeley Art Museum and Pacific Film Archive showcases world-class art collections, while the historic Telegraph Avenue buzzes with unique shops and street vendors.
The Berkeley real estate market spans diverse price points across distinct neighborhoods. The median single-family home price is $1,500,000, with significant variation by area. Claremont commands the highest median single-family price at $2,849,000, while Downtown Berkeley's median sits at $1,150,000. Condominiums provide more affordable options, with median prices of $612,500 for one-bedroom and $843,000 for two-bedroom units. The median townhome price is $1,472,300.
Property taxes in Berkeley include Alameda County's 0.76% effective rate, plus California's 7.25% state sales tax and 1.55% average local sales tax. The city's educational options include six "A" or higher-rated schools by Niche. Berkeley High School serves multiple neighborhoods including Claremont, Berkeley Hills, and Downtown. Private options include the A+ rated College Preparatory School and Holy Names High School. Three BART stations and extensive AC Transit bus service connect residents to San Francisco in approximately 25 minutes, while the adjacent city of Oakland provides additional urban amenities.
Home Trends in Berkeley, CA
On average, homes in Berkeley, CA sell after 28 days on the market compared to the national average of 50 days. The median sale price for homes in Berkeley, CA over the last 12 months is $1,422,000, up 1% from the median home sale price over the previous 12 months.
Median Sale Price
$1,422,000
Median Single Family Sale Price
$1,505,000
Median Townhouse Sale Price
$1,495,000
Median 2 Bedroom Sale Price
$763,000
Median 1 Bedroom Sale Price
$629,999
Average Price Per Sq Ft
$842
Number of Homes for Sale
61
Last 12 months Home Sales
419
Median List Price
$1,195,000
Median Change From 1st List Price
-14%
Median Home Sale Price YoY Change
1%