94587 Housing Market
Median List Price
$1,298,444
Updated August 2026
Today, the 94587 ZIP code in Union City, CA has 48 homes for sale at a median list price of $1,298,444, typically selling in about 35 days.
94587 Housing Market Overview
Homes in the 94587 ZIP code carry a median list price of $1.3M. That sits close to the overall Union City figure. The median price moved from $1.3M in February to $1.3M in July, a 1.9% decrease over six months. Right now 48 homes are on the market in the 94587 ZIP code. Five bedroom homes carry the highest medians at $1.7M, with two bedroom homes starting the range at $456,944.
94587 Area Market Pulse
Topfind Market Read
The picture is mixed here. There is only 2.3 months of supply, yet 42% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$1.30M
↑ 4% 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
2.3 months of supply
Tight Supply48 active listings against the current sales pace works out to about 2.3 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~35 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 15% 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 94587 Area
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
67%
Homeowners
33%
Renters
Homeownership is 11.5 points higher than the California average (55.5%)
21,202 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $422K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 2 → 3 bedrooms (+$843K)
Price Reductions
20 listings have reduced their price
42% of active listings
Average reduction: 6.8% (~$89K)
Browse 94587 Listings
Frequently Asked Questions about the 94587 Housing Market
What is the median home price in the 94587 ZIP code?
The median list price in the 94587 ZIP code is $1,298,444 as of August 2026, based on 48 active listings.
Is the 94587 ZIP code a buyer's market or a seller's market?
The 94587 ZIP code currently reads as a balanced market. Active inventory works out to about 2.3 months of supply at the recent sales pace.
How fast do homes sell in the 94587 ZIP code?
The average home currently for sale in the 94587 ZIP code has been on the market for 35 days.
Are home prices in the 94587 ZIP code going up or down?
The median sale price in the 94587 ZIP code is up about 3.9% compared with a year ago.
How many homes are for sale in the 94587 ZIP code?
There are 48 homes for sale in the 94587 ZIP code right now, including 6 listed within the last week.