Single-Family Homes
Tue Oct 22 2024
This week the median list price for Redwood City, CA 94062 is $2,599,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has increased to 26.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $2,599,000 | |
Median Price of New Listings | $3,498,000 | |
Per Square Foot | $1,166 | |
Average Days on Market | 65 | |
Median Days on Market | 18 | |
Price Decreased | 15% | |
Price Increased | 4% | |
Relisted | 8% | |
Inventory | 26 | |
Median Rent | ||
Market Action | 47 | |
Strong Seller's Market |
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$4,324,000 | 4,548 | 0.25 - 0.5 acre | 5 | 4 | 25 | 1 | 2 | 7 |
$3,374,000 | 3,140 | 0.25 - 0.5 acre | 4 | 3 | 54 | 1 | 2 | 28 |
$2,398,000 | 2,005 | 6,500 - 8,000 sqft | 3 | 2.5 | 92 | 1 | 1 | 49 |
$1,599,000 | 1,170 | 6,500 - 8,000 sqft | 2 | 2 | 90 | 0 | 3 | 14 |