Chris Iverson's Market Report

Redwood City, CA 94062

Single-Family Homes

Market data for your neighborhood, updated weekly.


Redwood City, CA 94062

Wed Jul 09 2025
This week the median list price for Redwood City, CA 94062 is $2,898,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 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.

Slight Seller's Advantage

Market Narrative

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Redwood City, CA 94062

Wed Jul 09 2025
This week the median list price for Redwood City, CA 94062 is $2,898,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 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.

Slight Seller's Advantage

Market Narrative

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Redwood City market.
Median List Price $2,898,000
Median Price of New Listings $2,791,500
Per Square Foot $1,131
Average Days on Market 71
Median Days on Market 32
Price Decreased 29%
Price Increased 0%
Relisted 7%
Inventory 28
Median Rent
Market Action 44
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$4,699,000 4,416 0.25 - 0.5 acre 5 5.5 50 0 1 28
$3,488,000 3,149 0.25 - 0.5 acre 4 3 37 1 0 21
$2,598,000 2,610 0.25 - 0.5 acre 4 3.5 60 0 2 49
$1,788,000 1,190 4,500 - 6,500 sqft 2 2 94 1 1 35