ZIP 94708, Berkeley Housing Market · 2026

Data through May 2026 · Part of the Berkeley housing market

ZIP 94708, Berkeley Market Snapshot

ZIP 94708 is one of the most competitive markets in the Bay Area, and it's still heating up. Here's what you need to know:

Based on 51 homes sold in May 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through May 2026

SalesWhat are homes selling for?
Median Sale Price
$1.75M
Up 11.1% from May 2025
Up $175K from May 2025
Homes Sold
51
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$10,846/mo
6.49% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$8,840
  • Property Tax$1,823
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
15 days
· Same as May 2025
Homes typically sell within a month
Sale-to-List Ratio
128.6%
Up from 123.5% in May 2025
Selling 29% above asking
% Sold Over Asking
90%
90% of homes sold above their asking price
Active Listings
13
· Up 0.0% from May 2025
About 0.3 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in 94708, Berkeley.

Median Sale Price
Up 11.1% year-over-year in 94708, Berkeley. Based on 51 sales in the most recent month.
Homes Sold
42% more homes sold than a year ago in 94708, Berkeley.
Total Monthly Payment
Estimated monthly cost is up 8% from a year ago in 94708, 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 6.49%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about ZIP 94708

Is now a good time to buy in ZIP 94708?

ZIP 94708 is one of the most competitive markets in the Bay Area. Buyers should expect to offer above asking price, be prepared to waive contingencies, and act fast. Coming in with strong financing and a clear strategy is essential.

How do ZIP 94708 home prices compare to the Bay Area average?

At $1.75M, ZIP 94708's median is close to the Bay Area average of $1.85M.

Within Berkeley, this area trades about 17% above the city-wide median of $1.50M.

How competitive is ZIP 94708 for buyers?

ZIP 94708 is one of the Bay Area's more competitive markets:

  • Homes sell about 29% above asking on average
  • 90% close above list price
  • 15 days typical time to go pending

Buyer strategy: budget 5 to 10% above ask on well-priced listings, with financing pre-approved and offers ready to move quickly.

What will my total monthly cost be on a median-priced ZIP 94708 home?

At $1.75M with 20% down at 6.49%, your estimated total monthly cost is approximately $10,846:

  • $8,840 principal and interest
  • $1,823 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.”
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