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Sarah Mitchell
Compass Real Estate · ZIP 94602
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94602 ZIP Code Housing Market
$1.12Mmedian sale price
What is the 94602 housing market like right now?
The median home sale price in ZIP code 94602 is $1.12M, down 4.3% year-over-year. Homes sell in an average of 14 days with 55 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 94602 ZIP code a buyer's or seller's market?
ZIP code 94602 is currently a seller's market and homes selling in about 14 days. How we determine this →
What are the latest 94602 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $1.12M |
| Median list price | $899,000 |
| Year-over-year price change | -4.3% |
| Average days on market | 14 days |
| Active inventory | 55 listings |
| Sale-to-list price ratio | 128.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
The 94602 zip code, located in Piedmont, CA, is currently classified as a seller's market. The median sale price stands at $1.12M, representing a -4.3% change year over year. Homes in this area spend an average of 14 days on the market before going under contract. There are currently 55 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 94602 sits in the Piedmont, CA area, roughly 1.8 miles from downtown Piedmont. Because home prices are set street by street, this ZIP can move differently from Piedmont's citywide averages. The figures below reflect 94602 specifically — drawn from Redfin transactions, U.S. Census data for its 31,759 residents, and Zillow value estimates.
Homes sold
59
Last 12 weeks
Days on market
14
Fast-moving
Active listings
55
Sale-to-list
128.7%
Above asking
Market trends
What is driving the 94602 housing market?
The 94602 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a seller's market, homes are selling at approximately 128.7% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 94602 have declined -4.3% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 94602 stands at $1.01M, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,306 per month. This gives a price-to-rent ratio of approximately 36.7, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 94602?
Population
31,759
Median income
$122,263/yr
Median age
41.9 years
Owner-occupied
60.2%
College grads
59.1%
Avg commute
25.53 min
What is it like living in 94602?
Zip code 94602 is home to approximately 31,759 residents. The median household income is $122,263 per year, which shapes the types of homes and amenities available in the area. With a median age of 41.9 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 60.2% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 59.1% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 25.53 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 94602.
Which public schools serve ZIP 94602?
4 schools tracked · 1,572 students
The largest public schools serving ZIP code 94602 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Glenview Elementary
Grades K-5 · 454 students
Sequoia Elementary
Grades K-5 · 447 students
Bret Harte Middle
Grades 6-9 · 417 students
Fruitvale Elementary
Grades K-5 · 254 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 94602
What is the median home price in 94602?
The current median sale price in 94602 is $1.12M, based on recent Redfin transaction data. Prices have changed -4.3% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 94602 a buyer's or seller's market?
The 94602 zip code is currently classified as a seller's market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 94602?
Zip code 94602 has a population of approximately 31,759 residents. The median household income is $122,263 per year. About 60.2% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 94602?
Properties Incorporated provides comprehensive data for 94602 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 94602 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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