Mike Bohnert | The Bohnert Group

Redwood City, CA

Single-Family Homes

DRE #01325031



Redwood City, CA

Tue Sep 28 2021
This week the median list price for Redwood City, CA is $1,999,000 with the market action index hovering around 69. This is an increase over last month's market action index of 67. Inventory has decreased to 47. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Redwood City, CA

Tue Sep 28 2021
This week the median list price for Redwood City, CA is $1,999,000 with the market action index hovering around 69. This is an increase over last month's market action index of 67. Inventory has decreased to 47. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Redwood City market.
Median List Price $1,999,000
Median Price of New Listings $2,148,000
Per Square Foot $1,111
Average Days on Market 41
Median Days on Market 7
Price Decreased 15%
Price Increased 4%
Relisted 2%
Inventory 47
Median Rent $4,200
Market Action 69
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$3,495,000 2,858 0.25 - 0.5 acre 4 4 16 2 2 35
$2,395,000 2,403 6,500 - 8,000 sqft 3 3 53 5 6 7
$1,723,000 1,521 4,500 - 6,500 sqft 3 2 70 4 8 7
$1,308,500 1,208 4,500 - 6,500 sqft 3 1 73 1 3 31