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In 2022, Berkeley home prices were down 13.8% compared to last year. There were 27 homes sold in February this year, down from 45 last year.
Highly competitive. The Berkeley housing market is very competitive. Many homes get multiple offers, some with waived contingencies. The average homes sell for about 10% above list price
Berkeley, California is a desirable location for real estate due to its proximity to the San Francisco Bay Area and its reputation as a culturally rich and diverse city. With a strong economy, excellent schools, and a variety of neighborhoods to choose from, Berkeley is a popular place to live.