Is Berkeley, CA 94703 a buyer’s or seller’s market?

The Berkeley housing market right now

In the three months ending August 31, 2026, 77% of homes in Berkeley, CA 94703 sold above their list price, the typical home went under contract in 15 days and there was 1 month of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 36 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 57%, homes sold faster (20 days then) and the median sale price rose 19% to $1,294,440. Overall, Berkeley is more competitive than a year ago, so tougher for buyers.

Within Alameda County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 89%. On our competition score, Berkeley ranks #7 of 1,069 CA ZIP codes with enough sales (score 98 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), while Berkeley 94702 (90% sold over asking) and Oakland 94602 (86% sold over asking) are even more competitive.