Kapowich Real Estate Silicon Valley Reports

Redwood City, CA

Single-Family Homes

Pat Kapowich | 408.245.7700 | Pat@SiliconValleyBroker.com | Broker's License #00979413



Redwood City, CA

Sun Apr 14 2024
This week the median list price for Redwood City, CA is $2,494,000 with the market action index hovering around 64. This is an increase over last month's market action index of 61. Inventory has decreased to 28. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Redwood City, CA

Sun Apr 14 2024
This week the median list price for Redwood City, CA is $2,494,000 with the market action index hovering around 64. This is an increase over last month's market action index of 61. Inventory has decreased to 28. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Redwood City market.
Median List Price $2,494,000
Median Price of New Listings $2,941,500
Per Square Foot $1,052
Average Days on Market 63
Median Days on Market 14
Price Decreased 4%
Price Increased 4%
Relisted 4%
Inventory 28
Median Rent
Market Action 64
Strong Seller's Market

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$4,495,000 3,933 0.5 - 1 acre 5 4 17 2 0 21
$2,799,888 2,530 6,500 - 8,000 sqft 4 3 77 2 0 7
$2,098,000 1,960 6,500 - 8,000 sqft 3 2.5 76 0 2 14
$1,475,000 1,617 4,500 - 6,500 sqft 3 2.5 73 2 2 14