2026-06-09 — views ZIP 94087
Sunnyvale 94087 Housing Update: Redfin Median Eases to $2.9M as May Closings Jump 14% and the Compete Score Hits a Perfect 100
Redfin's Sunnyvale 94087 page shows a $2.9M median sale price for the three months ending May 2026, down 1.7% year-over-year, yet May closings rose to 128 from 112 and the ZIP carries a perfect Redfin Compete Score of 100. Zillow's ZHVI cross-check sits at $2,898,235, up 1.0%.
Sunnyvale 94087: A Perfect Compete Score Meets a Flat Median
ZIP 94087 covers the leafy southern half of Sunnyvale — the Cherry Chase, Cumberland and West Valley school zones that feed into Homestead and Fremont High — and it is one of the most fought-over single-family markets in Silicon Valley. Redfin currently assigns it a Compete Score of 100, the maximum reading on the scale, labeling it “Most Competitive”: most homes get multiple offers, often with waived contingencies. Yet the same page shows the headline median essentially flat. Per Redfin, the median sale price over the three months ending May 2026 was $2.9M, down 1.7% versus the same period last year. A perfectly competitive market with a slightly negative price print is exactly the kind of split reading worth unpacking.
What Redfin Reports for the Three Months Ending May 2026
These figures are pulled directly from Redfin’s rendered 94087 housing-market page (all home types):
| Metric | Value | Year-over-year |
|---|---|---|
| Median sale price (3-mo trailing) | $2.9M | -1.7% |
| Median sale price (May single month) | $3.0M | +10.5% |
| Median price per sq ft | ~$1.52K | +3.7% |
| Homes sold (May) | 128 | up from 112 |
| Median days on market | 9 | unchanged |
| Average offers per home | 5 | — |
| Redfin Compete Score | 100 / 100 | ”Most Competitive” |
Redfin adds that the average home sells for about 10% above list price and goes pending in around 9 days, while hot homes sell for roughly 19% above list and go pending in about 8 days. With 30-year mortgage rates at 6.48% for the week of June 4, 2026 (Freddie Mac PMMS), that is a remarkable amount of bidding pressure for a ZIP whose typical transaction is near $3 million.
Volume Is Back: 128 May Closings, Up 14% Year-Over-Year
The most interesting line is not price — it is volume. There were 128 homes sold in May 2026, up from 112 a year earlier, an increase of roughly 14%. Across much of the South Bay, higher rates have suppressed transaction counts; 94087 just printed its busiest May comparison in this dataset with more closings, not fewer. Pair that with the single-month May median of $3.0M, up 10.5% year-over-year, and the trailing three-month figure of $2.9M (down 1.7%) starts to look like early-spring softness that May is already erasing. Trailing windows lag turning points by construction: March and April closings, negotiated when rates were higher and inventory thinner, drag the average down even as the latest month re-accelerates.
The Zillow Cross-Check: Values Flat-to-Firm, Not Falling
Zillow’s Home Value Index (ZHVI), which controls for the mix of what happens to sell in a given month, puts the typical 94087 home value at $2,898,235, up 1.0% over the past year, with homes going to pending in around 9 days (data updated April 30, 2026). That independently corroborates the read above: underlying values in 94087 are flat to modestly positive, not declining. The Redfin -1.7% trailing print and the Zillow +1.0% index are within shouting distance of each other once composition noise is accounted for — a far smaller divergence than the gaps we have flagged in neighboring ZIPs, where raw medians and ZHVI have disagreed by double digits.
Inside the Spread: 16% Over List in 15 Days — or 52 Days at List
The closed-sale tape on Redfin’s page shows how wide outcomes are within a single ZIP. On June 3, a 3-bed on Blanchard Way listed at $2,675,000 closed at $3,110,000 — 16% over list in just 15 days — and a 4-bed on Mcintosh Ct went 13% over at $3.4M on June 5. Meanwhile, a townhome-style 3-bed on N Castlerock Ter needed 52 days to close exactly at its $1,495,000 list, and a 4-bed on W Remington Dr closed 4% under list after 63 days. Turn-key single-family homes in the prime school zones are still drawing 19%-over-list frenzy; dated or attached product clears at or below ask after weeks of waiting.
Practitioner Note
Do not read the -1.7% trailing median as a buyer’s-market signal in 94087. The May single-month median (+10.5%), the +3.7% price per square foot, the 14% jump in closings, the 5-offer average and the 100 Compete Score all describe a seller-favorable market that paused over the winter and is re-tightening into summer. Buyers should budget for 10% over list on well-presented single-family homes and move within the first week; sellers of condos, townhomes or unrenovated stock should price at the market rather than above it, because that segment is the one delivering the 50-plus-day, at-or-under-list outcomes.
Under-Considered Angle
The 128-closing May is a double-edged signal. Rising volume at flat prices usually means more sellers are testing the market — and 94087’s premium depends on scarcity in its best school attendance zones. If listing growth continues into the typically slower late summer while rates hold near 6.5%, the bottom half of the ZIP (attached product and unrenovated homes) could tip from “slow but clearing” to outright price cuts, even while trophy streets keep printing 16% over list. Watch the share of sales closing above list — currently propped up by the hottest homes — as the cleanest early-warning line for whether the perfect Compete Score survives the second half of 2026.