ZIP 94704, Berkeley Housing Market · 2026

Data through Sep 2026 · Part of the Berkeley housing market

Data curated by Melanie Tan, 8 Blocks Real Estate · How this data works

ZIP 94704, Berkeley Market Snapshot

ZIP 94704 favors sellers and competition is intensifying. Here's the picture:

Based on 8 homes sold in the 3 months ending September 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Enough to see the trend, but individual sales still move the median. Updated weekly.

Data through September 2026

SalesWhat are homes selling for?
Median Sale Price
$1.16M
▲ Up 15.0% from September 2025
Up $152K from September 2025
Homes Sold
8
Sold in the last 3 months. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$7,848/mo
7.4% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$6,451
  • Property Tax$1,213
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
33 days
· Same as September 2025
Buyers have time to decide
Sale-to-List Ratio
110.6%
▲ Up from 101.4% in September 2025
Selling 11% above asking
% Sold Over Asking
75%
75% of homes sold above their asking price
Active Listings
13
▼ Down 8.7% from September 2025
About 4.8 months of supply. Plenty of options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in 94704, Berkeley.

Median Sale Price
Up 15.0% year-over-year in 94704, Berkeley. Based on 8 sales in the last 3 months.
Homes Sold
38% fewer homes sold than a year ago in 94704, Berkeley.
Total Monthly Payment
Estimated monthly cost is up 22% from a year ago in 94704, Berkeley, reflecting changes in both price and mortgage rates.

Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.

30-Year Fixed Mortgage Rate (National Avg.)
National average currently at 7.4%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about ZIP 94704

Is now a good time to buy in ZIP 94704?

ZIP 94704 favors sellers and competition is intensifying. Buyers should prepare strong offers and expect limited room to negotiate on well-priced listings.

How do ZIP 94704 home prices compare to the Bay Area average?

At $1.16M, ZIP 94704's median sits about 34% below the Bay Area average of $1.77M. That average is skewed high by ultra-premium peninsula enclaves like Atherton and Woodside, so a more useful frame is that ZIP 94704 is one of the more accessible corners of the Bay Area.

Within Berkeley, this area trades about 17% below the city-wide median of $1.41M.

By home type:

  • Single-family homes at $1.70M
  • Condos at $730K
What price range should I budget for in ZIP 94704?

Prices in ZIP 94704 depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Single-family homes at $1.70M
  • Condos at $730K

Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.

How competitive is ZIP 94704 for buyers?

ZIP 94704 currently favors sellers:

  • Homes sell about 11% above asking on average
  • 75% close above list price
  • 33 days typical time to go pending
  • 39% of listings have had a price reduction

Buyer strategy: well-priced homes still move quickly, but there is modest room for strong offers. Come in pre-approved with a clear plan.

What will my total monthly cost be on a median-priced ZIP 94704 home?

At $1.16M with 20% down at 7.4%, your estimated total monthly cost is approximately $7,848:

  • $6,451 principal and interest
  • $1,213 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.

No noise, just a quick weekly read on what's going on in your market.

Melanie Tan
Melanie Tan
DRE #02250755
“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
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