Chris Iverson's Market Report

Redwood City, CA 94062

Single-Family Homes

Market data for your neighborhood, updated weekly.


Redwood City, CA 94062

Thu May 07 2026
This week the median list price for Redwood City, CA 94062 is $3,499,000 with the market action index hovering around 56. This is an increase over last month's market action index of 49. Inventory has increased to 17. 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

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Redwood City, CA 94062

Thu May 07 2026
This week the median list price for Redwood City, CA 94062 is $3,499,000 with the market action index hovering around 56. This is an increase over last month's market action index of 49. Inventory has increased to 17. 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

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Redwood City market.
Median List Price $3,499,000
Median Price of New Listings $2,524,000
Per Square Foot $1,147
Average Days on Market 42
Median Days on Market 28
Price Decreased 29%
Price Increased 0%
Relisted 12%
Inventory 17
Median Rent
Market Action 56
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market’s highs. 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
$4,495,000 3,650 0.25 - 0.5 acre 5 3 42 0 2 35
$3,740,000 3,209 8,000 - 10,000 sqft 4 4.5 37 1 1 45
$2,943,944 2,552 0.25 - 0.5 acre 4 2.8 58 0 1 49
$1,646,500 1,426 0.5 - 1 acre 3 2 83 1 0 14