ZIP 94705, Berkeley Housing Market · 2026

Data through Mar 2026 · Part of the Berkeley housing market

ZIP 94705, Berkeley Market Snapshot

ZIP 94705 favors sellers and competition is intensifying. Here's the picture:

Based on 14 homes sold in March 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through March 2026

SalesWhat are homes selling for?
Median Sale Price
$2.03M
Up 2.7% from March 2025
Up $53K from March 2025
Homes Sold
14
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$12,586/mo
6.53% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$10,289
  • Property Tax$2,113
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
20 days
4 more days than in March 2025
Homes typically sell within a month
Sale-to-List Ratio
112.6%
Up from 108.7% in March 2025
Selling 13% above asking
% Sold Over Asking
50%
More than half of homes sold above their asking price
Active Listings
13
Down 23.5% from March 2025
About 0.9 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in 94705, Berkeley.

Median Sale Price
Up 2.7% year-over-year in 94705, Berkeley. Based on 14 sales in the most recent month.
Homes Sold
7% fewer homes sold than a year ago in 94705, Berkeley.
Total Monthly Payment
Estimated monthly cost is roughly flat compared to a year ago in 94705, Berkeley.

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 6.53%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about ZIP 94705

Is now a good time to buy in ZIP 94705?

ZIP 94705 favors sellers and competition is intensifying. Buyers should prepare strong offers and expect limited room to negotiate on well-priced listings.

How do ZIP 94705 home prices compare to the Bay Area average?

At $2.03M, ZIP 94705's median is close to the Bay Area average of $1.88M.

Within Berkeley, this area trades about 31% above the city-wide median of $1.55M.

How competitive is ZIP 94705 for buyers?

ZIP 94705 currently favors sellers:

  • Homes sell about 13% above asking on average
  • 50% close above list price
  • 20 days typical time to go pending

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 94705 home?

At $2.03M with 20% down at 6.53%, your estimated total monthly cost is approximately $12,586:

  • $10,289 principal and interest
  • $2,113 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra.

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.”
See all reviews on Zillow

Let's Chat!

I read every message and usually reply the same day.

What brings you here?