Is Berkeley, CA 94707 a buyer’s or seller’s market?

The Berkeley housing market right now

In the three months ending August 31, 2026, 79% of homes in Berkeley, CA 94707 sold above their list price, the typical home went under contract in 15 days and there were 0.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 34 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 92%, homes sold about as fast and the median sale price rose 13% to $1,899,178. Overall, Berkeley is less competitive than a year ago, which gives buyers more room.

Within Alameda County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 91%. On our competition score, Berkeley ranks #5 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.