$10,000 Closing Credit*
$1,397,000
1,733 SqFt
3 Beds
•2 Full Baths, 1 Partial
Daniel Donate, Listing Office: Cal Bay Realty, Inc.
Is Redwood City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Redwood City has remained a Seller's Market.
Key Takeaway
Redwood City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Redwood City, CA
How much do homes in Redwood City, CA cost?
Median Sold Price
$1,746,992
$1,110/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$93,483(-5.1%)
Key Takeaway
Homes in Redwood City have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in Redwood City was $1,746,992 in December 2024, down 5.1% from last year, and the median price per square foot was $1,110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $780K | $727.5K | -6.7% |
| 2 Bedrooms | $1.2M | $1.2M | +3.0% |
| 3 Bedrooms | $1.8M | $1.8M | 0.3% |
| 4 Bedrooms | $2.4M | $2.6M | +8.2% |
| 5+ Bedrooms | $2.9M | $2.7M | -9.2% |
Summary: Redwood City housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 9.2%.
Median Sold Price Compared To Nearby Cities
| Belmont | $2.0M | $2.2M | +12.5% |
| Woodside | $4.8M | $4.9M | +3.1% |
| San Carlos | $2.0M | $2.1M | +2.1% |
| Atherton | $7.6M | $7.3M | -3.8% |
| Redwood City | $1.8M | $1.7M | -5.1% |
Housing Supply in Redwood City, CA
How many homes are available in Redwood City, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 128 | 93 | -27.3% |
Summary: The Redwood City real estate market had 93 homes for sale in December 2024, a 27.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 38 | 22 | -42.1% |
| 3 Bedrooms | 36 | 27 | -25.0% |
| 4 Bedrooms | 34 | 25 | -26.5% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Redwood City housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 42.1%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 26.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 49 | 41 | -16.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redwood City, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in Redwood City in December 2024, down by 16.3% month-over-month. Of the 38 sold homes, 32% were sold under asking, 11% were sold at asking, and 58% were sold over asking.
Days on Market for Redwood City, CA
How long does it take to sell a home in Redwood City, CA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 33 Days | 41 Days | +23.0% |
Summary: Homes in Redwood City had an average of 41 days on market in Dec 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Redwood City are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 41 homes were sold in Redwood City; 46% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.