94704 Housing Market
Median List Price
$707,500
Updated August 2026
Today, the 94704 ZIP code in Berkeley, CA has 10 homes for sale at a median list price of $707,500, typically selling in about 66 days.
94704 Housing Market Overview
The 94704 ZIP code currently shows a median list price of $707,500. That runs roughly 28.9% lower than Berkeley as a whole. There are 10 homes currently listed for sale in the 94704 ZIP code.
One bedroom homes are the most affordable tier at a median of $659,000, while three bedroom homes top the range at $2.4M. Over the last six months, the median price has risen about 117.5%, from $781,500 in February to $1.7M in July.
94704 Area Market Pulse
Topfind Market Read
Buyers hold the edge right now. The typical home takes about 66 days to sell, and 80% of current listings have been up for more than 30 days. At the same time, supply sits at 3.3 months, roughly in step with demand, and selling times have improved 23% versus six months ago, which keeps well-priced homes moving. Buyers have room to negotiate price and terms, while sellers should price sharply and present well to stand out.
Median Home Price
$708K
Chart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
3.3 months of supply
Balanced Supply10 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~66 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The trend is moving the other way though, with selling times down 23% over the last six months.
Inventory Distribution
A larger share of listings has been up beyond 30 days, which typically means more room to negotiate on those longer-listed homes.
Housing Tenure in 94704 Area
Renting is more common here than statewide, so this market has more rental inventory and shorter-term residents.
43%
Homeowners
57%
Renters
Homeownership is 12.5 points lower than the California average (55.5%)
46,762 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $861K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 2 → 3 bedrooms (+$1.7M)
Price Reductions
7 listings have reduced their price
70% of active listings
Average reduction: 5.8% (~$41K)
Browse 94704 Listings
Frequently Asked Questions about the 94704 Housing Market
What is the median home price in the 94704 ZIP code?
The median list price in the 94704 ZIP code is $707,500 as of August 2026, based on 10 active listings.
Is the 94704 ZIP code a buyer's market or a seller's market?
The 94704 ZIP code currently reads as a buyer's market. Active inventory works out to about 3.3 months of supply at the recent sales pace.
How fast do homes sell in the 94704 ZIP code?
The average home currently for sale in the 94704 ZIP code has been on the market for 66 days.
How many homes are for sale in the 94704 ZIP code?
There are 10 homes for sale in the 94704 ZIP code right now.