$10,000 Closing Credit*
$1,150,000
1,323 SqFt
1 Bed
•2 Full Baths
Taka Oriuchi, Listing Office: Starts Pacific 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 September 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
$1,500,000
$969/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$150,000(-9.1%)
Key Takeaway
Homes in Redwood Shores have sold for 9.1% less than they did a year ago.
Summary: The median home sold price in Redwood Shores was $1,500,000 in September 2024, down 9.1% from last year, and the median price per square foot was $969.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $745K | $785K | +5.4% |
| 2 Bedrooms | $1.0M | $1.2M | +22.9% |
| 3 Bedrooms | $1.9M | $1.7M | -9.5% |
| 4 Bedrooms | $2.6M | $2.7M | +2.2% |
| 5+ Bedrooms | $2.5M | $2.5M | -1.4% |
Summary: Redwood Shores housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 22.9%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in Redwood Shores, CA
How many homes are available in Redwood Shores, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 29 | 38 | +31.0% |
Summary: The Redwood Shores real estate market had 38 homes for sale in September 2024, a 31.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Redwood Shores housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redwood Shores, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Redwood Shores in September 2024, up by 71.4% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 9 Days | 25 Days | +178.4% |
Summary: Homes in Redwood Shores had an average of 25 days on market in Sep 2024, up by 178.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 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 September 2024, 12 homes were sold in Redwood Shores; 67% of homes were sold within 30 days, 33% 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.