Market Intelligence · CA / Berkeley

Berkeley, CA 94702 Housing Market

The typical home value in Berkeley, CA 94702 is $1,161,105, up 8.2% over the past year. The median list price is $1,131,250, and homes are spending a median of 36 days on the market.

Updated September 2026Median value$1161K

The median home value in Berkeley, CA 94702 is $1.16M as of September 2026, up 8.2% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 94702 range

$1.07M to $1.25M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+8.2% over 12 months

Sep 2025$1.07M

Low $1.07MHigh $1.16M

Sep 2026$1.16M

The numbers

What is the 94702 housing market like?

As of September 2026

Typical home value

$1.16M

8.2%YoY

Median list price

$1.13M

20.7%MoM

Days on market

28.6%MoM

Homes for sale

23.1%MoM

Price cuts

18.6%

44.3%MoM

New listings

25.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

94702 housing market forecast 2027

+0.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 94702 to rise 0.5% by September 2027.

Over the 12 months through September 2026, typical home values in 94702 rose 8.2%, per the Zillow Home Value Index.

Will home prices drop in 94702?

Zillow's forecast does not call for a drop: it expects typical home values in 94702 to rise 0.5% by September 2027, after a 8.2% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 94702 home prices compare?

94702$1,161,105
Berkeley$1,290,644
California$692,765
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Berkeley: 8 ZIPs; California: 1,543 ZIPs; United States: 26,262 ZIPs).

Context

Values in Berkeley, CA 94702 have climbed 8.2% over the past year, reaching a typical value of $1,161,105. The median list price sits at $1,131,250, and homes are moving at a median of 36 days on the market. Inventory is tight, with 10 homes for sale and 10 new listings. About 18.6% of listings have taken a price cut, so some sellers are adjusting even as values rise. For a seller, that means pricing carefully matters even in a market with upward momentum.

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Down payment20% · $232,221

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Common questions

What people ask us.

How much is a home in 94702 worth?

The typical home value in Berkeley, CA 94702 is $1,161,105, up 8.2% over the past year.

How fast are homes selling in 94702?

Homes are spending a median of 36 days on the market, with a median list price of $1,131,250.

Are sellers cutting prices in 94702?

Yes, 18.6% of listings have had a price cut, out of 10 homes currently for sale.

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Nearby ZIP markets.

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