94061 Housing Market
Median List Price
$1,650,000
Updated August 2026
Today, the 94061 ZIP code in Redwood City, CA has 31 homes for sale at a median list price of $1,650,000, typically selling in about 86 days.
94061 Housing Market Overview
The 94061 ZIP code currently shows a median list price of $1.6M. That tracks closely with Redwood City as a whole. There are 31 homes currently listed for sale in the 94061 ZIP code.
Two bedroom homes are the most affordable tier at a median of $825,000, while five bedroom homes top the range at $4.1M. Over the last six months, the median price has eased about 9.2%, from $2.2M in February to $2M in July.
94061 Area Market Pulse
Topfind Market Read
The picture is mixed here. There is only 2.2 months of supply, yet the typical home takes about 86 days to sell, and 29% of sellers have trimmed their asking price, 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
↑ 13% 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
2.2 months of supply
Tight Supply31 active listings against the current sales pace works out to about 2.2 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 ~86 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The trend is moving the other way though, with selling times down 29% 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 94061 Area
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
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $594K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$2.2M)
Price Reductions
9 listings have reduced their price
29% of active listings
Average reduction: 5.3% (~$88K)
Browse 94061 Listings
Frequently Asked Questions about the 94061 Housing Market
What is the median home price in the 94061 ZIP code?
The median list price in the 94061 ZIP code is $1,650,000 as of August 2026, based on 31 active listings.
Is the 94061 ZIP code a buyer's market or a seller's market?
The 94061 ZIP code currently reads as a buyer's market. Active inventory works out to about 2.2 months of supply at the recent sales pace.
How fast do homes sell in the 94061 ZIP code?
The average home currently for sale in the 94061 ZIP code has been on the market for 86 days.
Are home prices in the 94061 ZIP code going up or down?
The median sale price in the 94061 ZIP code is up about 13.2% compared with a year ago.
How many homes are for sale in the 94061 ZIP code?
There are 31 homes for sale in the 94061 ZIP code right now, including 8 listed within the last week.