Redwood City, CA Housing Market
The Redwood City housing market is most competitive. Homes in Redwood City receive 5 offers on average and sell in around 9 days. The median sale price of a home in Redwood City was $1.8M last month, down 3.3% since last year. The median sale price per square foot in Redwood City is $1.07K, up 2.5% since last year.
Redwood City Housing Market Trends
In April 2024, Redwood City home prices were down 3.3% compared to last year, selling for a median price of $1.8M. On average, homes in Redwood City sell after 9 days on the market compared to 19 days last year. There were 57 homes sold in April this year, up from 34 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Redwood City housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 8% above list price and go pending in around 10 days.
- Hot homescan sell for about 14% above list price and go pending in around 7 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 7% above list price and go pending in around 12 days.
- Hot homescan sell for about 14% above list price and go pending in around 7 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 11 days.
- Hot homescan sell for about 7% above list price and go pending in around 7 days.
Redwood City Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Redwood City from outside metros.
- New York homebuyers searched to move into Redwood City more than any other metro followed by Santa Barbara and Pensacola.
- 78% of Redwood City homebuyers searched to stay within the Redwood City metropolitan area.
- Sacramento was the most popular destination among Redwood City homebuyers followed by Los Angeles and San Diego.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 463 | ||
2 | 142 | ||
3 | 90 | ||
4 | 66 | ||
5 | 39 | ||
6 | 11 | ||
7 | 9 | ||
8 | 4 | ||
9 | 3 | ||
10 | 2 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 12,167 | ||
2 | 3,361 | ||
3 | 2,714 | ||
4 | 1,822 | ||
5 | 1,808 | ||
6 | 1,448 | ||
7 | 1,370 | ||
8 | 1,367 | ||
9 | 1,351 | ||
10 | 1,320 |
View houses in Redwood City that sold recently
Recently sold homes
- $2,400,000 Last Sold Price4 beds2 baths2,220 sq ft279 Nevada St, Redwood City, CA 94062List Price$2,498,000Sale to List4% under listDays on Market53 days279 Nevada St, Redwood City, CA 94062
- $885,000 Last Sold Price2 beds1 bath1,062 sq ft26 Pelican Ln, Redwood Shores, CA 94065List Price$825,000Sale to List7% over listDays on Market35 days26 Pelican Ln, Redwood Shores, CA 94065
- $1,450,000 Last Sold Price3 beds2.5 baths1,653 sq ft630 Fan Tail Way #702, Redwood City, CA 94063List Price$1,480,000Sale to List2% under listDays on Market49 days630 Fan Tail Way #702, Redwood City, CA 94063
- $4,900,000 Last Sold Price24 beds16 baths18,865 sq ft280 Howland St, Redwood City, CA 94063List Price$4,950,000Sale to List1% under listDays on Market55 days280 Howland St, Redwood City, CA 94063
- $1,850,000 Last Sold Price4 beds2 baths1,540 sq ft303 E St, Redwood City, CA 94063List Price$1,850,000Sale to List0% over listDays on Market59 days303 E St, Redwood City, CA 94063
- $1,870,000 Last Sold Price4 beds2.5 baths1,890 sq ft1006 8th Ave, Redwood City, CA 94063List Price$1,798,000Sale to List4% over listDays on Market45 days1006 8th Ave, Redwood City, CA 94063
- $1,285,000 Last Sold Price2 beds2 baths1,330 sq ft60 Markham Ave, Redwood City, CA 94063List Price$1,299,000Sale to List1% under listDays on Market55 days60 Markham Ave, Redwood City, CA 94063
- $2,250,000 Last Sold Price3 beds1.5 baths1,360 sq ft136 Colton Ave, San Carlos, CA 94070List Price$1,898,000Sale to List19% over listDays on Market6 days136 Colton Ave, San Carlos, CA 94070
See all recently sold homes in Redwood City.
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Schools in Redwood City
- Elementary
- Middle
- High
GreatSchools Rating
9/10 North Star Academy Public • 3-8 | 527 Students | 30 reviews |
9/10 Central Elementary School Public • K-5 | 440 Students | 8 reviews |
8/10 Foster City Elementary School Public • K-5 | 854 Students | 17 reviews |
8/10 Encinal Elementary School Public • K-5 | 623 Students | 9 reviews |
8/10 Redwood Shores Elementary School Public • K-5 | 435 Students | 8 reviews |
Climate's impact on Redwood City housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Redwood City.
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Wind Factor - Minimal
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Heat Factor - Moderate
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Transportation in Redwood City
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