Tuesday Berkeley Real Estate Market Update — March 31, 2026

Strawberries sold in Japan (This is nothing to do with my blog.;)

It’s the last day of March—are you ready for April? Let’s take a look at what’s happening in the Berkeley market.

Berkeley continues to be a tight-inventory, high-demand market, especially for single-family homes in North Berkeley and surrounding neighborhoods.

Multiple offers are still common, averaging 3–4 offers per home, with some properties receiving 10+ offers. Median home prices are hovering around $1.3M–$1.35M.

At the same time, top properties are reaching remarkable price-per-square-foot levels—approaching $2,000/sq ft.

One example from February:1546 Beverly Place (listed by Martha Becker, The Grubb Co) sold for $2,150,000, well above its list price of $1,295,000.This 3 bed / 1 bath home with approximately 1,100 sq ft of living space (plus an unfinished basement) closed at about $1,955 per sq ft. A beautiful home in a prime location—and an impressive result. Congratulations to everyone involved.

(And yes… it does make you wonder about the monthly mortgage at that price. A bit

scary to calculate. )

Homes are still moving quickly, often going into contract within 2–3 weeks.

That said, this is a two-speed market:

• A+ homes (move-in ready, updated, well-presented) continue to attract strong competition

• Fixers or outdated homes tend to sit longer—unless they are priced very strategically from the start

The Berkeley real estate market is definitely a kind of market where local knowledge and positioning matter more than timing. Call me for any questions.