Intero's Market Report

Redwood City, CA 94061

Single-Family Homes



Redwood City, CA 94061

Wed May 22 2024
This week the median list price for Redwood City, CA 94061 is $1,999,000 with the market action index hovering around 78. This is an increase over last month's market action index of 72. Inventory has increased to 15. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Redwood City, CA 94061

Wed May 22 2024
This week the median list price for Redwood City, CA 94061 is $1,999,000 with the market action index hovering around 78. This is an increase over last month's market action index of 72. Inventory has increased to 15. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Redwood City market.
Median List Price $1,999,000
Median Price of New Listings $1,999,000
Per Square Foot $1,194
Average Days on Market 77
Median Days on Market 0
Price Decreased 13%
Price Increased 7%
Relisted 20%
Inventory 15
Median Rent
Market Action 78
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$3,250,000 3,134 6,500 - 8,000 sqft 5 4 37 2 2 14
$2,198,000 1,735 8,000 - 10,000 sqft 3 2 73 3 0 0
$1,893,999 1,587 0 - 4,500 sqft 3 2.5 39 4 1 0
$1,665,000 1,525 4,500 - 6,500 sqft 3 2 78 2 1 28