2026-06-07 — views ZIP 94536
Fremont 94536: a "most competitive" Bay Area ZIP where prices are still down 3% year over year
Redfin pegs Fremont's 94536 ZIP at a roughly $1.4M median sale price, down about 3.2% year over year, with homes going pending in around 17.5 days and three offers apiece. The split between a still-falling price and a fast, multi-offer market is the story worth understanding.
The setup: a hot ZIP with a falling headline price
West Fremont’s 94536 ZIP is one of those Bay Area markets that looks contradictory on paper. Redfin labels it “most competitive,” homes get three offers on average and go pending in roughly 17.5 days, and the typical sale closes about 3% above list. Yet the median sale price was around 1.4M dollars “last month,” down about 3.2% from a year earlier. For the more precisely dated April 2026 reading, Redfin shows a median of 1,480,005 dollars, down 3.0% year over year, at about 903 dollars per square foot (down 0.61%).
So which is it: a buyer’s break or a seller’s market? The honest answer is both, and the gap between the two is the whole point.
Reconciling “down YoY” with “sells above list and fast”
These metrics measure different things. Days on market and offer count describe how the current listing pool is moving right now. Year-over-year median price compares the dollar level of what closed against the same window in 2025. A ZIP can absorb its active inventory quickly (low days on market, multiple offers) while the median of closed sales still prints lower than last year’s, especially if the mix of homes selling has shifted toward smaller or entry homes, or if last spring’s comps were unusually frothy.
The per-square-foot figure helps disentangle mix from true price movement. At about 903 dollars per square foot, down only 0.61% year over year in 94536, the price level is barely changed, which suggests a chunk of that 3% median drop is composition (what sold), not a broad markdown on equivalent homes.
The wider Fremont picture is softer than the ZIP
Zoom out to all of Fremont and Redfin shows a steeper move: a citywide median around 1.5M dollars, down roughly 8.1% year over year, with five offers on average, about 13 days to pending, and 953 dollars per square foot (down 5.7%). The citywide drop being larger than 94536’s tells you the softening is concentrated in other parts of the city more than in this West Fremont ZIP. Treat the city number as regional context, not as a substitute for the ZIP-level read.
| Metric | 94536 (ZIP) | Fremont (citywide) |
|---|---|---|
| Median sale price | about 1.4M dollars | about 1.5M dollars |
| YoY change | down about 3.2% | down about 8.1% |
| Price per sq ft | about 903 dollars (down 0.61%) | about 953 dollars (down 5.7%) |
| Days to pending | about 17.5 | about 13 |
| Offers (avg) | 3 | 5 |
The rate backdrop
The financing side is doing the buyers a small favor. Freddie Mac’s 30-year fixed-rate average ticked down to 6.48% for the week ending June 4, 2026, versus 6.85% a year earlier per Freddie Mac’s own framing. That roughly 0.37-point year-over-year improvement is real but modest; on a 1.4M dollar home with 20% down it trims the monthly principal-and-interest by a couple hundred dollars, not enough to single-handedly reignite bidding wars, but enough to keep well-qualified buyers in the pool, which is part of why days on market stayed tight even as the median slipped.
Practitioner note
If you are pricing a listing in 94536, anchor on price per square foot and recent comps for your home’s size band, not the headline median, which is being dragged by sale mix. The market is still rewarding clean, well-prepped listings with sub-three-week pendings and over-asking offers. If you are buying, the “down 3% YoY” headline overstates your leverage here: equivalent homes are essentially flat per square foot and still drawing multiple offers. Underwrite to the per-square-foot reality, and remember Redfin’s monthly figures lag, the freshest precisely dated read above is April 2026, with the “last month” rollup close behind.
Under-considered angle
The most overlooked signal is the divergence between 94536 (down ~3%) and Fremont citywide (down ~8%). When a single ZIP holds up far better than its parent city, it usually flags a flight-to-location dynamic, buyers concentrating demand in the more desirable or commute-friendly pockets while pulling back elsewhere. That pattern tends to widen intra-city spreads before it shows up in any citywide average, so the ZIP-versus-city gap is arguably a leading indicator worth tracking month to month, more so than either number on its own.