Market Snapshot
- Median listing price
- $2.15M
- Median rent
- $2,695/mo
- Days on market
- 284 days
- Gross rental yield
- 1.50%
- STR vs LTR
- $4,257/mo STR · $2,695/mo LTR
The median listing price in Berkeley, CA ZIP 94705 is $2,150,000 as of July 2026.
The median market rent in Berkeley, CA ZIP 94705 is $2,695/month as of July 2026.
The median days on market in Berkeley, CA ZIP 94705 is 284 days as of July 2026. The market is currently hot.
At a median list price of $2,150,000 and a median rent of $2,695/month, the gross rental yield in Berkeley, CA ZIP 94705 is 1.50% as of July 2026.
In Berkeley, CA ZIP 94705, median Airbnb revenue is $4,257/month compared to median long-term rent of $2,695/month as of July 2026.
Berkeley, CA 94705 Real Estate Market Report
ZIP Code: 94705
Report Date: July 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates for properties in Berkeley CA 94705 are 6.6% compared to the 5.7% average observed earlier in 2026, indicating that existing loans likely hold a favorable interest rate advantage.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary market signal is the median sold price 1,749,000, which should be treated as the most reliable indicator of recent transaction-based market value in Berkeley 94705 and prioritized over asking prices when setting comps; hot market temperature supports continued demand.
- The median listing price 2,150,000 sits noticeably above the median sold price 1,749,000, which suggests pricing friction and that seller expectations may be outpacing realized sale values; this gap appears to be a key constraint on faster transaction clearance and may require tactical pricing adjustments.
- The median days on market 284 points to slower sales velocity despite a hot marketTemperature, which may indicate that higher asking prices or other listing conditions are prolonging time-to-sale rather than weakness in underlying demand.
- Rent and financing dynamics add mixed pressure: median market rent 2,695 is trending up while financing compares at 6.6% current 30-year fixed versus 5.7% earlier in 2026, reflecting elevated interest rate pressure that may keep some buyers cautious even as rent growth supports investor interest.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Sold at market average
Sold above market average
Sold above market average
Sold below market average
Sold at market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.49% rate, 1.0% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 7/10/2026
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