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 12 days. The median sale price of a home in Redwood City was $1.9M last month, up 16.5% since last year. The median sale price per square foot in Redwood City is $1.11K, up 7.0% since last year.
Redwood City Housing Market Trends
In March 2024, Redwood City home prices were up 16.5% compared to last year, selling for a median price of $1.9M. On average, homes in Redwood City sell after 12 days on the market compared to 17 days last year. There were 36 homes sold in March this year, down from 39 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 6% above list price and go pending in around 10 days.
- Hot homescan sell for about 13% 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
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 5% above list price and go pending in around 12 days.
- Hot homescan sell for about 12% 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
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 12 days.
- Hot homescan sell for about 5% above list price and go pending in around 8 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 South Bend.
- 77% 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 | Jan '24 - Mar '24 | ||
1 | 84 | ||
2 | 66 | ||
3 | 6 | ||
4 | 5 | ||
5 | 4 | ||
6 | 3 | ||
7 | 2 | ||
8 | 2 | ||
9 | 2 | ||
10 | 1 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 11,828 | ||
2 | 4,520 | ||
3 | 2,676 | ||
4 | 2,468 | ||
5 | 1,716 | ||
6 | 1,682 | ||
7 | 1,656 | ||
8 | 1,351 | ||
9 | 1,343 | ||
10 | 1,324 |
Home offer insights for Redwood City
Recent offers
- Offer Not Accepted|9 Weeks Ago~$2.5M OfferSold for $2.5M4 bd | 2 ba | ~1,750 sqftUnder List Price2%Days on Market10Competing Offers5Down Payment~20%
- Offer Not Accepted|7 Weeks Ago~$1.75M OfferSold for $1.75M2 bd | 2 ba | ~1,250 sqftOver List Price10%Days on Market13Competing Offers4Down Payment—
- Offer Not Accepted|8 Weeks Ago~$2.25M OfferSold for $2.5M3 bd | 2.5 ba | ~2,000 sqftOver List Price10%Days on Market8Competing Offers17Down Payment~20%
- Offer Not Accepted|9 Weeks Ago~$2.25M OfferSold for $2.75M4 bd | 2.5 ba | ~2,500 sqftOver List Price0%Days on Market8Competing Offers—Down Payment~20%
View houses in Redwood City that sold recently
Recently sold homes
- $2,600,000 Last Sold Price3 beds2.5 baths1,950 sq ft3528 Altamont Way, Redwood City, CA 94062List Price$2,098,000Sale to List24% over listDays on Market35 days3528 Altamont Way, Redwood City, CA 94062
- $2,250,000 Last Sold Price3 beds2 baths2,246 sq ft531 Lake Blvd, Redwood City, CA 94062List Price$2,199,000Sale to List2% over listDays on Market34 days531 Lake Blvd, Redwood City, CA 94062
- $7,850,000 Last Sold Price28 beds2 baths19,675 sq ft450 Redwood Ave, Redwood City, CA 94061List Price$8,480,000Sale to List7% under listDays on Market55 days450 Redwood Ave, Redwood City, CA 94061
- $1,398,000 Last Sold Price2 beds3 baths1,729 sq ft700 Baltic Cir #734, Redwood City, CA 94065List Price$1,436,000Sale to List3% under listDays on Market63 days700 Baltic Cir #734, Redwood City, CA 94065
- $970,000 Last Sold Price2 beds1 bath880 sq ft783 8th Ave, Redwood City, CA 94063List Price$949,900Sale to List2% over listDays on Market15 days783 8th Ave, Redwood City, CA 94063
- $837,000 Last Sold Price2 beds1 bath835 sq ft143 Laurel St, Redwood City, CA 94063List Price$799,000Sale to List5% over listDays on Market31 days143 Laurel St, Redwood City, CA 94063
- $1,607,000 Last Sold Price3 beds2 baths1,880 sq ft1042 Junipero Ave, Redwood City, CA 94061List Price$1,495,000Sale to List7% over listDays on Market30 days1042 Junipero Ave, Redwood City, CA 94061
- $1,649,950 Last Sold Price3 beds2 baths1,220 sq ft219 E St, Redwood City, CA 94063List Price$1,649,950Sale to List0% over listDays on Market58 days219 E St, Redwood City, CA 94063
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 • Choice school | 533 Students | 30 reviews |
8/10 Laurel Elementary School Public • K-5 | 709 Students | 13 reviews |
8/10 Encinal Elementary School Public • K-5 | 601 Students | 9 reviews |
8/10 Central Elementary School Public • K-5 | 440 Students | 8 reviews |
8/10 Foster City Elementary School Public • K-5 | 866 Students | 17 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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Flood Factor
Fire Factor - Moderate
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Wind Factor - Minimal
Wind Factor
Heat Factor - Moderate
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Transportation in Redwood City
Walk Score®
Bike Score®
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