$10,000 Closing Credit*
$999,888
1,601 SqFt
3 Beds
•3 Full Baths
Vicky Oberoi, Listing Office: Asset Real Estate
Is Redwood Heights, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Redwood Heights has remained a Seller's Market.
Key Takeaway
Redwood Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Redwood Heights, CA
How much do homes in Redwood Heights, CA cost?
Median Sold Price
$1,199,000
$698/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$21,000(-1.7%)
Key Takeaway
Homes in Redwood Heights have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Redwood Heights was $1,199,000 in October 2024, down 1.7% from last year, and the median price per square foot was $698.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.0M | - | N/A |
| 2 Bedrooms | $830K | $932.5K | +12.3% |
| 3 Bedrooms | $1.3M | $1.2M | -6.5% |
| 4 Bedrooms | $1.3M | $1.2M | -6.9% |
| 5+ Bedrooms | $1.5M | $1.4M | -11.7% |
Summary: Redwood Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.3%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 11.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Redwood Heights | $1.2M | $1.1M | -1.7% |
| Upper Laurel | $935K | $865K | -7.5% |
| Lincoln Highlands | $1.4M | $1.1M | -14.8% |
Housing Supply in Redwood Heights, CA
How many homes are available in Redwood Heights, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Summary: The Redwood Heights real estate market had 22 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Redwood Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redwood Heights, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Redwood Heights in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Redwood Heights, CA
How long does it take to sell a home in Redwood Heights, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 15 Days | +14.0% |
Summary: Homes in Redwood Heights had an average of 15 days on market in Oct 2024, up by 14% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Redwood Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Redwood Heights; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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.