Is Berkeley, CA 94704 a buyer’s or seller’s market?

The Berkeley housing market right now

In the three months ending August 31, 2026, 82% of homes in Berkeley, CA 94704 sold above their list price, the typical home went under contract in 19 days and there were 4.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 11 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 45%, homes sold faster (24 days then) and the median sale price rose 58% to $1,599,308. Overall, Berkeley is more competitive than a year ago, so tougher for buyers.

Within Alameda County, homes here sell faster than in 65% of the county’s ZIP codes, and sell more often over asking than in 93%.

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.