Intero's Market Report

Redwood City, CA

Single-Family Homes



Redwood City, CA

Mon Jan 17 2022
This week the median list price for Redwood City, CA is $2,294,000 with the market action index hovering around 68. This is less than last month's market action index of 74. Inventory has decreased to 22. Click here to stay informed with the Redwood City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Redwood City, CA

Mon Jan 17 2022
This week the median list price for Redwood City, CA is $2,294,000 with the market action index hovering around 68. This is less than last month's market action index of 74. Inventory has decreased to 22. Click here to stay informed with the Redwood City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Redwood City market.
Median List Price $2,294,000
Median Price of New Listings $2,298,000
Per Square Foot $1,129
Average Days on Market 84
Median Days on Market 39
Price Decreased 5%
Price Increased 5%
Relisted 5%
Inventory 22
Median Rent $4,148
Market Action 68
Strong Seller's Market

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,745,000 3,163 8,000 - 10,000 sqft 4 4 1 0 0 154
$2,888,000 2,381 8,000 - 10,000 sqft 4 3 43 4 2 0
$1,799,000 1,435 8,000 - 10,000 sqft 3 2 73 4 2 0
$1,100,000 1,215 6,500 - 8,000 sqft 2 1 80 1 0 52