Is Berkeley, CA 94702 a buyer’s or seller’s market?
Berkeley is a seller’s market. With about 1.5 months of supply and 90% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 99% of U.S. ZIP codes, and #12 of 1069 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Berkeley housing market right now
In the three months ending August 31, 2026, 90% of homes in Berkeley, CA 94702 sold above their list price, the typical home went under contract in 13 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 31 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 67%, homes sold faster (15 days then) and the median sale price fell 6% to $1,199,481. Overall, Berkeley is more competitive than a year ago, so tougher for buyers.
Within Alameda County, homes here sell faster than in 98% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Berkeley ranks #12 of 1,069 CA ZIP codes with enough sales (score 97 out of 100).
Nearby, buyers who want less competition could look at Sunol 94586 (0% sold over asking) or Tracy 95391 (15% sold over asking).
Run the numbers for 94702
Nearby markets
Alameda 94501Seller’s market $717 /sq ftAlameda 94502Seller’s market $658 /sq ftAlbany 94706Seller’s market $836 /sq ftBerkeley 94703Seller’s market $913 /sq ft Browse all markets →Towns like Berkeley nearby
Find towns like Berkeley in other states →Where Berkeley is
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Questions about Berkeley real estate
Is Berkeley a buyer’s or seller’s market?
A seller’s market: there were 1.5 months of supply in Berkeley, CA 94702 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Berkeley?
The typical home went under contract in 13 days in the latest three months.
Do homes in Berkeley sell over asking?
90% of homes sold above their original list price, and the typical sale closed at 130.0% of the list price.
What are property taxes in Berkeley?
About 1.15% of a home’s value a year in Alameda County, or roughly $4,600 on a $400,000 home.
What is the median home price in Berkeley?
The median sale price was $1,199,481 in the three months ending August 31, 2026, about $1,046 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology