ZIP 94706, Albany Housing Market · 2026

Data through Aug 2026 · Part of the Albany housing market

Data curated by Melanie Tan, 8 Blocks Real Estate · How this data works

ZIP 94706, Albany Market Snapshot

ZIP 94706 is still one of the most competitive markets in the Bay Area, but competition is starting to ease. Here's the picture:

Based on 31 homes sold in the 3 months ending August 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through August 2026

SalesWhat are homes selling for?
Median Sale Price
$1.20M
▲ Up 14.2% from August 2025
Up $150K from August 2025
Homes Sold
31
Sold in the last 3 months. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$7,998/mo
7.28% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$6,566
  • Property Tax$1,249
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
20 days
▲ 5 more days than in August 2025
Homes typically sell within a month
Sale-to-List Ratio
117.9%
▼ Down from 121.4% in August 2025
Selling 18% above asking
% Sold Over Asking
63%
More than half of homes sold above their asking price
Active Listings
26
▲ Up 35.5% from August 2025
About 2.6 months of supply. Moderate selection available

Market Trends

See how prices, monthly costs, and mortgage rates have moved in 94706, Albany.

Median Sale Price
Up 14.2% year-over-year in 94706, Albany. Based on 31 sales in the last 3 months.
Homes Sold
6% fewer homes sold than a year ago in 94706, Albany.
Total Monthly Payment
Estimated monthly cost is up 15% from a year ago in 94706, Albany, 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 7.28%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about ZIP 94706

Is now a good time to buy in ZIP 94706?

ZIP 94706 is still a highly competitive market, but conditions are starting to ease. Buyers should move quickly on well-priced homes and expect to offer above asking, though the most intense bidding wars may be tapering.

How do ZIP 94706 home prices compare to the Bay Area average?

At $1.20M, ZIP 94706's median sits about 33% below the Bay Area average of $1.78M. That average is skewed high by ultra-premium peninsula enclaves like Atherton and Woodside, so a more useful frame is that ZIP 94706 is one of the more accessible corners of the Bay Area.

This is close to the Albany city-wide median of $1.20M.

By home type:

  • Single-family homes at $1.38M
  • Condos at $475K
What price range should I budget for in ZIP 94706?

Prices in ZIP 94706 depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Single-family homes at $1.38M
  • Condos at $475K

Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.

How competitive is ZIP 94706 for buyers?

ZIP 94706 is one of the Bay Area's more competitive markets:

  • Homes sell about 18% above asking on average
  • 63% close above list price
  • 20 days typical time to go pending
  • 17% of listings have had a price reduction

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 94706 home?

At $1.20M with 20% down at 7.28%, your estimated total monthly cost is approximately $7,998:

  • $6,566 principal and interest
  • $1,249 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.

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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