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Market Intelligence · CA / Berkeley

Berkeley, CA 94704 Housing Market

In Berkeley, CA 94704, the typical home value is $1,138,840 as of September 2026, up 3.0% over the past year. The median list price is $674,500, and homes are taking a median 66 days to sell. Set expectations around that wide gap.

Updated September 2026Median value$1139K

The median home value in Berkeley, CA 94704 is $1.14M as of September 2026, up 3.0% 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 94704 range

$1.05M to $1.23M

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

+3.0% over 12 months

Typical home value in 94704 over the last 12 months: $1.11M in Sep 2025 to $1.14M in Sep 2026 (+3.0%).

Sep 2025$1.11M

Sep 2026$1.14M

The numbers

What is the 94704 housing market like?

Typical home value

$1.14M

Up3.0%YoY

Median list price

$675K

Down4.7%MoM

Days on market

66

Up13.8%MoM

Homes for sale

13

Up8.3%MoM

Price cuts

14.3%

Down73.8%MoM

New listings

4

Flat0.0%MoM

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

The outlook

94704 housing market forecast 2027

+1.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 94704 to rise 1.1% by September 2027.

Over the 12 months through September 2026, typical home values in 94704 rose 3.0%, per the Zillow Home Value Index.

Will home prices drop in 94704?

Zillow's forecast does not call for a drop: it expects typical home values in 94704 to rise 1.1% by September 2027, after a 3.0% 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 94704 home prices compare?

  • 94704$1,138,840
  • 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

Berkeley, CA 94704 had 13 homes for sale in September 2026, with 4 new listings entering the market. The typical home value is $1,138,840, up 3.0% over the past year, while the median list price is $674,500. A median 66 days on market points to a slower pace than a fast seller's market, and 14.3% of listings have taken a price cut. For a seller, the honest read is that value is holding up, but buyers are taking time and rewarding realistic pricing.

Monthly payment

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20% · $227,768

Common questions

What people ask us.

How much is a home in 94704 worth?

The typical home value in Berkeley, CA 94704 is $1,138,840 as of September 2026, up 3.0% over the past year.

Are homes selling quickly in 94704?

Not especially. The median days on market is 66 as of September 2026.

How competitive is the Berkeley, CA 94704 market?

There were 13 homes for sale and 4 new listings in September 2026, with 14.3% of listings taking a price cut.

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