ZIP 94707, Berkeley Housing Market · 2026

Data through Aug 2026 · Part of the Berkeley housing market

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

ZIP 94707, Berkeley Market Snapshot

ZIP 94707 is one of the most competitive markets in the Bay Area, and it's still heating up. Here's what you need to know:

Based on 34 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
$1.90M
▲ Up 13.4% from August 2025
Up $224K from August 2025
Homes Sold
34
Sold in the last 3 months. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$12,557/mo
7.28% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$10,396
  • Property Tax$1,978
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
15 days
▲ 1 more day than in August 2025
Homes typically sell within a month
Sale-to-List Ratio
129.3%
▲ Up from 128.0% in August 2025
Selling 29% above asking
% Sold Over Asking
79%
79% of homes sold above their asking price
Active Listings
10
▲ Up 7.3% from August 2025
About 0.9 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in 94707, Berkeley.

Median Sale Price
Up 13.4% year-over-year in 94707, Berkeley. Based on 34 sales in the last 3 months.
Homes Sold
31% more homes sold than a year ago in 94707, Berkeley.
Total Monthly Payment
Estimated monthly cost is up 14% from a year ago in 94707, Berkeley, 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 94707

Is now a good time to buy in ZIP 94707?

ZIP 94707 is one of the most competitive markets in the Bay Area. Buyers should expect to offer above asking price, be prepared to waive contingencies, and act fast. Coming in with strong financing and a clear strategy is essential.

How do ZIP 94707 home prices compare to the Bay Area average?

At $1.90M, ZIP 94707's median is close to the Bay Area average of $1.78M.

Within Berkeley, this area trades about 29% above the city-wide median of $1.47M.

By home type:

  • Single-family homes at $1.90M
  • Condos at $2.50M
What price range should I budget for in ZIP 94707?

Prices in ZIP 94707 depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Single-family homes at $1.90M
  • Condos at $2.50M

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 94707 for buyers?

ZIP 94707 is one of the Bay Area's more competitive markets:

  • Homes sell about 29% above asking on average
  • 79% close above list price
  • 15 days typical time to go pending

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 94707 home?

At $1.90M with 20% down at 7.28%, your estimated total monthly cost is approximately $12,557:

  • $10,396 principal and interest
  • $1,978 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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