Intero's Market Report

Redwood City, CA

Single-Family Homes



Redwood City, CA

Tue Aug 09 2022
This week the median list price for Redwood City, CA is $1,998,000 with the market action index hovering around 61. This is less than last month's market action index of 68. Inventory has increased to 57. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Redwood City, CA

Tue Aug 09 2022
This week the median list price for Redwood City, CA is $1,998,000 with the market action index hovering around 61. This is less than last month's market action index of 68. Inventory has increased to 57. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Redwood City market.
Median List Price $1,998,000
Median Price of New Listings $2,350,000
Per Square Foot $1,100
Average Days on Market 39
Median Days on Market 21
Price Decreased 44%
Price Increased 5%
Relisted 5%
Inventory 57
Median Rent
Market Action 61
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$3,662,500 3,157 0.25 - 0.5 acre 4 4.3 17 3 4 14
$2,267,000 2,000 6,500 - 8,000 sqft 3 3 63 1 2 31
$1,823,500 1,580 4,500 - 6,500 sqft 3 2 70 1 3 24
$1,353,000 1,140 4,500 - 6,500 sqft 2 2 76 2 5 21