$2,963,000
1,810 SqFt
4 Beds
•2 Full Baths
Nina Moore, Listing Office: Douglas & Moore Real Estate, Inc.
Is Redwood Shores, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Redwood Shores has remained a Seller's Market.
Key Takeaway
Redwood Shores is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Redwood Shores, CA
How much do homes in Redwood Shores, CA cost?
Median Sold Price
$1,481,500
$956/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$311,500(-17.4%)
Key Takeaway
Homes in Redwood Shores have sold for 17.4% less than they did a year ago.
Summary: The median home sold price in Redwood Shores was $1,481,500 in November 2024, down 17.4% from last year, and the median price per square foot was $956.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $780K | $732.5K | -6.1% |
| 2 Bedrooms | $1.1M | $1.2M | +13.7% |
| 3 Bedrooms | $1.8M | $1.7M | -9.3% |
| 4 Bedrooms | $2.7M | $2.7M | -0.4% |
| 5+ Bedrooms | $2.4M | $2.7M | +8.3% |
Summary: Redwood Shores housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 13.7%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 8.3%.
Housing Supply in Redwood Shores, CA
How many homes are available in Redwood Shores, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 26 | -16.1% |
Summary: The Redwood Shores real estate market had 26 homes for sale in November 2024, a 16.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Redwood Shores housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redwood Shores, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Redwood Shores in November 2024, down by 35.7% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for Redwood Shores, CA
How long does it take to sell a home in Redwood Shores, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 18 Days | +11.3% |
Summary: Homes in Redwood Shores had an average of 18 days on market in Nov 2024, up by 11.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Redwood Shores are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Redwood Shores; 78% of homes were sold within 30 days, 22% 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.