Redwood City, CA Housing Market
The Redwood City housing market is most competitive. Homes in Redwood City receive 6 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 $1.2K, up 3.3% 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 6% above list price and go pending in around 12 days.
- Hot homescan sell for about 12% above list price and go pending in around 8 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 2% above list price and go pending in around 11 days.
- Hot homescan sell for about 7% 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 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 | Feb '24 - Apr '24 | ||
1 | 284 | ||
2 | 132 | ||
3 | 32 | ||
4 | 18 | ||
5 | 9 | ||
6 | 6 | ||
7 | 5 | ||
8 | 4 | ||
9 | 4 | ||
10 | 3 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 11,547 | ||
2 | 3,710 | ||
3 | 2,697 | ||
4 | 2,406 | ||
5 | 1,737 | ||
6 | 1,562 | ||
7 | 1,551 | ||
8 | 1,348 | ||
9 | 1,335 | ||
10 | 1,280 |
Home offer insights for Redwood City
Recent offers
- Offer Not Accepted|5 Weeks Ago~$1.75M OfferSold for $2M3 bd | 2 ba | ~1,250 sqftOver List Price7%Days on Market6Competing Offers8Down Payment—
- Offer Not Accepted|12 Weeks Ago~$1.75M OfferSold for $1.75M2 bd | 2 ba | ~1,250 sqftOver List Price10%Days on Market13Competing Offers4Down Payment—
- Offer Not Accepted|12 Weeks Ago~$2.25M OfferSold for $2.5M3 bd | 2.5 ba | ~2,000 sqftOver List Price10%Days on Market8Competing Offers17Down Payment~20%
View houses in Redwood City that sold recently
Recently sold homes
- $2,450,000 Last Sold Price3 beds2.5 baths1,960 sq ft558 Live Oak Ln, Redwood City, CA 94062List Price$2,098,000Sale to List17% over listDays on Market32 days558 Live Oak Ln, Redwood City, CA 94062
- $2,350,000 Last Sold Price3 beds2.5 baths1,720 sq ft971 Edgecliff Way, Redwood City, CA 94061List Price$1,999,999Sale to List18% over listDays on Market31 days971 Edgecliff Way, Redwood City, CA 94061
- $995,000 Last Sold Price2 beds2 baths1,049 sq ft401 Baltic Cir #427, Redwood City, CA 94065List Price$985,000Sale to List1% over listDays on Market34 days401 Baltic Cir #427, Redwood City, CA 94065
- $1,300,000 Last Sold Price2 beds2.5 baths1,416 sq ft630 Bair Island Rd #101, Redwood City, CA 94063List Price$1,450,000Sale to List10% under listDays on Market56 days630 Bair Island Rd #101, Redwood City, CA 94063
- $2,850,000 Last Sold Price5 beds3 baths3,660 sq ft622 Sylvan Way, Redwood City, CA 94062List Price$2,888,000Sale to List1% under listDays on Market119 days622 Sylvan Way, Redwood City, CA 94062
- $1,800,000 Last Sold Price3 beds1 bath1,060 sq ft1921 James Ave, Redwood City, CA 94062List Price$1,550,000Sale to List16% over listDays on Market24 days1921 James Ave, Redwood City, CA 94062
- $2,200,000 Last Sold Price4 beds2 baths2,500 sq ft368 Ridge Rd, Woodside, CA 94062List Price$2,249,000Sale to List2% under listDays on Market63 days368 Ridge Rd, Woodside, CA 94062
- $1,519,960 Last Sold Price3 beds1 bath960 sq ft127 F St, Redwood City, CA 94063List Price$1,395,000Sale to List9% over listDays on Market40 days127 F 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 | 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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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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