Redwood City, CA Housing Market
Median List Price
$1,650,000
Updated August 2026
Today, Redwood City has 82 homes for sale at a median list price of $1,650,000, typically selling in about 54 days.
Redwood City Market Analysis
Redwood City, CA currently shows a median list price of $1.6M. There are 82 homes currently listed for sale in Redwood City, CA. 42 new listings came on the market in the last 30 days.
Two bedroom homes are the most affordable tier at a median of $989,000, while five bedroom homes top the range at $4M. The housing stock skews toward single family homes, at about 62.2% of active listings, with condos accounting for another 28.0%. Over the last six months, the median price has risen about 6.1%, from $2M in February to $2.1M in July. On a per square foot basis, the median runs $1,047.
Median time from listing to accepted offer is about 12 days. Homes move quickly at that pace, which favors sellers and rewards buyers who come prepared. Addresses here fall across the 94061, 94065, 94062, and 94063 ZIP codes.
Redwood City Rental Market
Redwood City, CA currently shows a median asking rent of $5,200. There are 6 homes currently listed for rent in Redwood City, CA. Over the last six months, the median rent has eased about 15.4%, from $6,500 in January to $5,500 in July.
Redwood City Market Pulse
Topfind Market Read
The picture is mixed here. There is only 2.3 months of supply, yet the typical home takes about 54 days to sell, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$1.65M
↑ 4% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
2.3 months of supply
Tight Supply82 active listings against the current sales pace works out to about 2.3 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~54 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 32% over the last six months.
Inventory Distribution
Most current listings are under 30 days old, so the mix skews toward fresh inventory.
Housing Tenure in Redwood City
Renting is more common here than statewide, so this market has more rental inventory and shorter-term residents.
48%
Homeowners
52%
Renters
Homeownership is 7.5 points lower than the California average (55.5%)
30,225 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $884K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$1.4M)
Price Reductions
19 listings have reduced their price
23% of active listings
Average reduction: 5.6% (~$92K)
Browse Redwood City Listings
Frequently Asked Questions about the Redwood City, CA Housing Market
What is the median home price in Redwood City, CA?
The median list price in Redwood City is $1,650,000 as of August 2026, based on 82 active listings.
Is Redwood City a buyer's market or a seller's market?
Redwood City currently reads as a balanced market. Active inventory works out to about 2.3 months of supply at the recent sales pace.
How fast do homes sell in Redwood City?
Homes that closed in the last 90 days typically went under contract in about 12 days. The average home currently for sale has been on the market for 54 days.
Are home prices in Redwood City going up or down?
The median sale price in Redwood City is up about 4.2% compared with a year ago.
How many homes are for sale in Redwood City, CA?
There are 82 homes for sale in Redwood City right now, including 18 listed within the last week.
What is the median rent in Redwood City?
The median asking rent in Redwood City is $5,200 per month, across 6 active rental listings.