Mike Bohnert | The Bohnert Group

Redwood City, CA

Single-Family Homes

DRE #01325031



Redwood City, CA

Tue Apr 23 2024
This week the median list price for Redwood City, CA is $1,952,000 with the market action index hovering around 68. This is an increase over last month's market action index of 67. Inventory has increased to 35. 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

Tue Apr 23 2024
This week the median list price for Redwood City, CA is $1,952,000 with the market action index hovering around 68. This is an increase over last month's market action index of 67. Inventory has increased to 35. 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 $1,952,000
Median Price of New Listings $1,699,000
Per Square Foot $1,101
Average Days on Market 61
Median Days on Market 14
Price Decreased 14%
Price Increased 3%
Relisted 6%
Inventory 35
Median Rent
Market Action 68
Strong Seller's Market

The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.

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
$4,147,500 3,981 8,000 - 10,000 sqft 4 3.5 30 1 2 17
$2,298,000 1,960 6,500 - 8,000 sqft 4 3 73 3 3 21
$1,849,000 1,670 4,500 - 6,500 sqft 3 2 74 5 0 0
$1,349,000 1,090 4,500 - 6,500 sqft 3 2 74 6 3 0