$250,000
1529 N Hillside Ave
Berkeley, IL
2 bd1 ba957 sqft$261/ft²
House8,015 sqft lot
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Compass Real Estate · Berkeley, IL
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Berkeley, IL Housing Market
Seller's market+4.8% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Berkeley, IL is worth $308,846, rose 4.8% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $365,000, +10.6% year over year (through May 2026). With 2.0 months of supply and homes going under contract in about 38 days, Berkeley is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $308,846 home is about $1,649/mo in principal and interest.
Key numbers for Berkeley, IL
Typical home value
$308,846
+4.8% in 12 months
Zillow, August 2026
Median sale price
$365,000
+10.6% year over year
Redfin, through May 2026
Days on market
38
Average pace
Redfin, through May 2026
Active listings
12
2.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$83,224
Home costs 3.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
102.0%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Berkeley a buyer's or seller's market?
Seller's market2.0 months of supply38 days on market102.0% of asking
Berkeley, IL is a seller's market, based on 2.0 months of supply and homes selling in about 38 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Berkeley housing market data show?
Every row below is Redfin's final published month for Berkeley, IL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $365,000 |
| Median list price | $327,000 |
| Year-over-year price change | +10.6% |
| Median price per sq ft | $205/sq ft |
| Median days on market | 38 days |
| Active inventory | 12 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 102.0% |
| Homes sold (that month) | 6 |
| New listings (that month) | 5 |
| Listings with a price cut | 8.3% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Berkeley is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Berkeley is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Berkeley home prices moved?
Over the last three years the median sale price in Berkeley, IL rose 17.6%, from $310,500 to $365,000. The live Zillow value series has rose 4.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. 8.3% of Berkeley listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 2.0 months while the sale-to-list ratio slips below its current 102.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Berkeley?
Priced off the typical home value of $308,846 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $61,769 | $247,077 | $1,649/mo |
| 5% | $15,442 | $293,404 | $1,958/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,649, that implies roughly $70,662 a year before you add taxes and insurance. The median household in Berkeley earns $83,224, about $12,562 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.7x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Berkeley in the next 12 months?
Tell us your timeline. We send the Berkeley market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Berkeley?
Zillow does not publish a rent index (ZORI) for Berkeley, IL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Berkeley?
Active listings in Berkeley, IL went from 17 in May 2025 to 12 in May 2026, a -29.4% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 17 | 8 |
| July 2025 | 16 | 5 |
| August 2025 | 16 | 3 |
| September 2025 | 17 | 4 |
| October 2025 | 15 | 6 |
| November 2025 | 15 | 5 |
| December 2025 | 13 | 4 |
| January 2026 | 10 | 3 |
| February 2026 | 12 | 4 |
| March 2026 | 9 | 5 |
| April 2026 | 12 | 8 |
| May 2026 | 12 | 5 |
Redfin, through May 2026
How does Berkeley compare to Illinois and the U.S.?
Berkeley homes sell for $365,000 — 8% above the Illinois median of $337,900. Against the national median of $410,700, Berkeley runs 11% lower. Year-over-year, Berkeley moved +10.6% against Illinois's +5.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Berkeley, IL | $365,000 | +10.6% | 38 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Berkeley
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 8.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $309 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $308,846 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Berkeley listing goes under contract in 38 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 102.0% of asking. Price at the number you want and let competition do the rest.
- In the last published month Berkeley added 5 new listings against 6 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +4.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Berkeley varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Berkeley
There are currently 12 homes listed for sale in Berkeley, Illinois. The median listing price is $327K. Featured listings range from $250,000 to $499,999.
$265,999
1447 N Ashbel Ave
Berkeley, IL
2 bd1 ba949 sqft$280/ft²
House
View photos & details
$290,000
Address unavailable
Berkeley, IL
3 bd2 ba1,120 sqft$259/ft²
House
View photos & details
$325,000
2050 Atwood Ave
Berkeley, IL
3 bd2 ba1,115 sqft$291/ft²
House
View photos & details
$340,000
1428 1/2 N Ashbel Ave
Berkeley, IL
3 bd2 ba1,500 sqft$227/ft²
House5,558 sqft lot
View photos & details
$344,999
5949 School St
Berkeley, IL
3 bd2 ba1,066 sqft$324/ft²
House
View photos & details
$349,900
1463 Speechley Blvd
Berkeley, IL
4 bd2 ba1,628 sqft$215/ft²
House6,534 sqft lot
View photos & details
$355,000
Address unavailable
Berkeley, IL
3 bd3 ba1,404 sqft$253/ft²
House
View photos & details
$389,999
5905 Superior St
Berkeley, IL
3 bd2 ba1,368 sqft$285/ft²
House
View photos & details
$499,999
5706 St Charles Rd
Berkeley, IL
7 bd3 ba
Multi-family
View photos & details
Looking to buy in Berkeley?
Get connected with a local real estate expert — free, no obligation.
Active listings
12
Homes on market
Median list price
$327K
Avg. days on market
38
Days until sale
New this week
5
Newly listed
Price drops:8.3%of listings
Sale-to-list:102.0%
How much do homes cost in Berkeley by property type?
How the Berkeley, IL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $365,000 | $205/sq ft | 6 | 38 days |
Who lives in Berkeley?
American Community Survey estimates for Berkeley. U.S. Census ACS, 2023
Population
5,222
Households
1,997
Median income
$83,224/yr
Median age
37.1 years
Owner-occupied
84.0%
Median home value
$222,400
Median gross rent
$1,292/mo
Mean commute
30 min
84.0% of occupied homes in Berkeley are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $222,400 against Zillow's $308,846 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Berkeley?
2 schools tracked · 732 students
The largest public schools serving Berkeley, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
MacArthur Middle School
Grades 6-8 · 374 students
Sunnyside Intermediate School
Grades 3-5 · 358 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Berkeley, IL?
Ordered by distance from Berkeley, not by size. Compare Berkeley side by side with any of them.
Berkeley housing market FAQ
Is Berkeley a buyer's or seller's market?
Berkeley, IL is currently a seller's market. That read comes from 2.0 months of supply, homes going under contract in about 38 days, and sellers getting 102.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Berkeley?
The typical home in Berkeley, IL is worth $308,846 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $365,000, about $205 per square foot.
Is Berkeley cheaper than the rest of Illinois?
Berkeley's median sale price of $365,000 is 8% higher than the Illinois statewide median of $337,900, and 11% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Berkeley?
Homes in Berkeley, IL spent a median of 38 days on market before going under contract, versus 43 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Berkeley?
At the current 30-year fixed rate of 7.03%, 20% down on a $308,846 home is about $1,649 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $70,662 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $83,224.
Are home prices rising in Berkeley?
The typical home value in Berkeley, IL rose 4.8% over the last 12 months, from $294,805 to $308,846 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Berkeley?
Berkeley ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Berkeley?
That depends on your timeline, not on a headline. What the data says today: Berkeley, IL is a seller's market with 2.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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