Chris Iverson's Market Report

Redwood City, CA 94062

Single-Family Homes

Market data for your neighborhood, updated weekly.


Redwood City, CA 94062

Mon Jun 30 2025
This week the median list price for Redwood City, CA 94062 is $2,898,000 with the market action index hovering around 45. This is an increase over last month's market action index of 41. Inventory has held steady at or around 30. 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

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

Mon Jun 30 2025
This week the median list price for Redwood City, CA 94062 is $2,898,000 with the market action index hovering around 45. This is an increase over last month's market action index of 41. Inventory has held steady at or around 30. 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

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 $3,938,800
Per Square Foot $1,131
Average Days on Market 65
Median Days on Market 35
Price Decreased 27%
Price Increased 0%
Relisted 10%
Inventory 30
Median Rent
Market Action 45
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.

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
$4,922,000 4,410 0.25 - 0.5 acre 5 5.3 36 3 1 31
$3,395,000 3,192 0.25 - 0.5 acre 4 4 44 2 1 21
$2,598,000 2,568 0.25 - 0.5 acre 4 2.8 57 2 0 42
$1,725,000 1,190 4,500 - 6,500 sqft 2 2 94 0 3 28