94538 Housing Market
Median List Price
$1,148,000
Updated August 2026
Today, the 94538 ZIP code in Fremont, CA has 63 homes for sale at a median list price of $1,148,000, typically selling in about 31 days.
94538 Housing Market Overview
Buyers in the 94538 ZIP code are looking at a median list price of $1.1M. That runs roughly 9.8% lower than Fremont as a whole. Since February, the median price has moved up about 23.0% to $1.3M as of July. The 94538 ZIP code has 63 active listings on the market right now.
94538 Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. The typical home sells in about 31 days, and selling times have improved 34% versus six months ago. At the same time, 30% of sellers have trimmed their asking price, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Median Home Price
$1.15M
↓ 2% 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
3.7 months of supply
Balanced Supply63 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. 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 34% faster than six months ago.
Inventory Distribution
Most current listings are under 30 days old, so the mix skews toward fresh inventory.
Housing Tenure in 94538 Area
Homeownership is near the state average, with a balanced mix of owners and renters.
60%
Homeowners
40%
Renters
Homeownership is 4.5 points higher than the California average (55.5%)
77,019 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $414K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$697K)
Price Reductions
19 listings have reduced their price
30% of active listings
Average reduction: 6.5% (~$75K)
Browse 94538 Listings
Frequently Asked Questions about the 94538 Housing Market
What is the median home price in the 94538 ZIP code?
The median list price in the 94538 ZIP code is $1,148,000 as of August 2026, based on 63 active listings.
Is the 94538 ZIP code a buyer's market or a seller's market?
The 94538 ZIP code currently reads as a balanced market. Active inventory works out to about 3.7 months of supply at the recent sales pace.
How fast do homes sell in the 94538 ZIP code?
The average home currently for sale in the 94538 ZIP code has been on the market for 31 days.
Are home prices in the 94538 ZIP code going up or down?
The median sale price in the 94538 ZIP code is down about 2.4% compared with a year ago.
How many homes are for sale in the 94538 ZIP code?
There are 63 homes for sale in the 94538 ZIP code right now, including 7 listed within the last week.