Redwood City, CA Home Values & Market Trends
Real estate market trends reflect that there have been 637 transactions over the past year in Redwood City. The median value for residential home transactions that occurred over the previous year is $1,882,244.36. The number of current listings in Redwood City is 20, and the percentage of properties for sale in the city is 20.00%. Redwood City, CA currently has 26 properties in foreclosure, 1 bank owned properties, 4 properties headed for auction, and 20 properties for sale.
Redwood City, CA Real Estate Market Overview
Housing Market Summary for Redwood City, CA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $1.7M | $1.9M | 10.18% |
| Median Sold Price | $1.8M | $1.9M | 4.42% |
| Homes For Sale | 21 | 19 | -9.52% |
| Homes Sold | 541 | 579 | 7.02% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Redwood City, CA
Browse Homes in Redwood City, CA
Redwood City home values range from $196,228 to $6,267,000. The median estimated value of a home in Redwood City is $1,882,244.36. The median list price of a home is 1,698,944, and the total count of properties in the city is 21,838.
- Pre-ForeclosurePre-foreclosure homes account for 0.10% of all residential properties in Redwood City, CA with 94061 containing 8 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 4 zips within Redwood City, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $3,286,000 in 94062 to the lowest home value of $714,750 in 94065.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Redwood City, CA ranges from the highest value of $2,124,000 in 94062 to the lowest value of $2,124,000 in 94062. Bank owned homes and properties account for 0.00% of properties in Redwood City, CA. There are 4 zips within Redwood City, CA; 94062 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions94061 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Redwood City, CA. Auction homes and other auction properties account for 0.02% of all properties in Redwood City, CA. There are 4 zips within Redwood City, CA; of those zips, the median estimated home value for homes going to auction ranges from $1,845,250 in 94061 to the lowest value of $1,424,000 in 94061.
Compare Nearby Cities
More Real Estate Resources for Redwood City, CA
Guide for Redwood City, CA
In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.
This blog post discusses the dynamic real estate trends in Bakersfield, noting fluctuations in property values, sale prices, and activity levels. It also highlights differences in nearby cities, showcasing diverse market conditions shaped by localized factors and broader economic trends.
Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.
Anaheim, CA’s real estate trends show consistent growth in property values, latest data shows.