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Market Intelligence · CA / Fremont

Fremont, CA 94538 Housing Market

The typical home value in Fremont's 94538 ZIP code is $1,254,332, down 1.7% over the past year as of September 2026. The median list price sits at $1,099,500, and homes are spending a median of 37 days on the market.

Updated September 2026Median value$1254K

The median home value in Fremont, CA 94538 is $1.25M as of September 2026, down 1.7% 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 94538 range

$1.15M to $1.35M

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

-1.7% over 12 months

Typical home value in 94538 over the last 12 months: $1.28M in Sep 2025 to $1.25M in Sep 2026 (-1.7%).

Sep 2025$1.28M

Sep 2026$1.25M

The numbers

What is the 94538 housing market like?

Typical home value

$1.25M

Down1.7%YoY

Median list price

$1.1M

Down4.3%MoM

Days on market

37

Up12.1%MoM

Homes for sale

77

Up1.3%MoM

Price cuts

15.0%

Up8.2%MoM

New listings

34

Down15.0%MoM

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

The outlook

94538 housing market forecast 2027

+1.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 94538 to rise 1.3% by September 2027.

Over the 12 months through September 2026, typical home values in 94538 fell 1.7%, per the Zillow Home Value Index.

Will home prices drop in 94538?

Zillow's forecast does not call for a drop: it expects typical home values in 94538 to rise 1.3% by September 2027, after a 1.7% decline 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 94538 home prices compare?

  • 94538$1,254,332
  • Fremont$1,400,367
  • 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 (Fremont: 4 ZIPs; California: 1,543 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 77 homes for sale in 94538, with 34 new listings coming on the market in that period. The median list price of $1,099,500 is well below the typical home value of $1,254,332, which has slipped 1.7% over the past year. A median of 37 days on market means sellers should expect a measured pace rather than a quick bidding war. About 15.0% of listings have taken a price cut, a sign that some sellers are adjusting to meet buyers where they are. For a seller, the takeaway is simple: realistic pricing matters more than it did a year ago.

Monthly payment

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20% · $250,866

Common questions

What people ask us.

How much is a home in 94538 worth?

The typical home value in 94538 is $1,254,332 as of September 2026, down 1.7% over the past year.

How long does it take to sell a home in 94538?

Homes in 94538 are spending a median of 37 days on the market as of September 2026.

Are sellers in 94538 cutting prices?

Yes, 15.0% of listings in 94538 had a price cut as of September 2026, out of 77 homes for sale.

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