94705 Housing Market
Median List Price
$1,499,000
Updated August 2026
Today, the 94705 ZIP code in Berkeley, CA has 7 homes for sale at a median list price of $1,499,000, typically selling in about 31 days.
94705 Housing Market Overview
Homes in the 94705 ZIP code carry a median list price of $1.5M. Compared with Berkeley overall, that is a 50.7% premium. The median price moved from $2.3M in February to $2.5M in July, a 9.9% increase over six months. Right now 7 homes are on the market in the 94705 ZIP code. Four bedroom homes carry the highest medians at $2.2M, with two bedroom homes starting the range at $899,888.
94705 Area Market Pulse
Topfind Market Read
The picture is mixed here. There is only 1.2 months of supply, yet sale prices have eased 11% over the last six months, though they remain 3% above a year ago, and 43% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$1.50M
↑ 3% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
1.2 months of supply
Tight Supply7 active listings against the current sales pace works out to about 1.2 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~31 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists. Homes are moving 38% faster than six months ago.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 43% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in 94705 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
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $283K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 2 → 3 bedrooms (+$899K)
Price Reductions
3 listings have reduced their price
43% of active listings
Average reduction: 7.4% (~$110K)
Browse 94705 Listings
Frequently Asked Questions about the 94705 Housing Market
What is the median home price in the 94705 ZIP code?
The median list price in the 94705 ZIP code is $1,499,000 as of August 2026, based on 7 active listings.
Is the 94705 ZIP code a buyer's market or a seller's market?
The 94705 ZIP code currently reads as a balanced market. Active inventory works out to about 1.2 months of supply at the recent sales pace.
How fast do homes sell in the 94705 ZIP code?
The average home currently for sale in the 94705 ZIP code has been on the market for 31 days.
Are home prices in the 94705 ZIP code going up or down?
The median sale price in the 94705 ZIP code is up about 3.2% compared with a year ago.
How many homes are for sale in the 94705 ZIP code?
There are 7 homes for sale in the 94705 ZIP code right now, including 1 listed within the last week.