Michele's Real Estate Market Report

Redwood Shores, CA

Single-Family Homes

Michele Harkov | 650-773-1332 | www.micheleharkov.com


Current active inventory in Redwood Shores, CA is very low. Keep this in mind when looking at this report.

Redwood Shores, CA

Sun May 19 2024
This week the median list price for Redwood Shores, CA is $3,198,000 with the market action index hovering around 34. This is less than last month's market action index of 38. Inventory has held steady at or around 1. Click here to stay informed with the Redwood Shores market!

Market Action Index

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

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. 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 Shores, CA

Sun May 19 2024
This week the median list price for Redwood Shores, CA is $3,198,000 with the market action index hovering around 34. This is less than last month's market action index of 38. Inventory has held steady at or around 1. Click here to stay informed with the Redwood Shores market!

Market Action Index

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

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. 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 Shores market.
Median List Price $3,198,000
Median Price of New Listings $0
Per Square Foot $1,188
Average Days on Market 56
Median Days on Market 56
Price Decreased 100%
Price Increased 0%
Relisted 0%
Inventory 1
Median Rent
Market Action 34
Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. 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.

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
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$3,198,000 2,690 4,500 - 6,500 sqft 4 3 32 0 0 56