New - 1 hour on Rocket
$10,000 Closing Credit¹
#ML81993013, Howard Clark, Listing Office: Berkshire Hathaway HomeServices DrysdaleProperties
Redwood City Housing Market Report January 2025•San Mateo County, California
Housing Prices in Redwood City, CA
How much do homes in Redwood City, CA cost?
Housing Market Conditions
Is Redwood City, CA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Redwood City is a Seller's Market
Difference Since January 2024
Since last year, Redwood City has remained a Seller's Market.
Insight
Redwood City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$1,749,875$1,121/SqFt
-$90,458
-4.9%
Based on all homes sold in the last 12 months
Insight
Homes in Redwood City have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Redwood City was $1,749,875 in January 2025, down 4.9% from last year, and the median price per square foot was $1,121.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Belmont | $2.0M | $2.2M | +13.9% |
| Woodside | $4.6M | $5.1M | +8.9% |
| San Carlos | $2.0M | $2.1M | +1.6% |
| Redwood City | $1.8M | $1.7M | -4.9% |
| Atherton | $7.5M | $7.1M | -6.0% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $775K | $730K | -5.8% |
| 22 Bedrooms | $1.2M | $1.2M | +2.8% |
| 33 Bedrooms | $1.8M | $1.8M | +1.1% |
| 44 Bedrooms | $2.4M | $2.6M | +10.1% |
| 55+ Bedrooms | $2.9M | $2.7M | -8.5% |
Summary: Redwood City housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -5.8%. The home price for 2 bedroom homes increased by +2.8%. The home price for 3 bedroom homes increased by +1.1%. The home price for 4 bedroom homes increased by +10.1%. The home price for 5 bedroom homes decreased by -8.5%.
Housing supply in Redwood City, CA
How many homes are available in Redwood City, CA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 99Last MonthJan 2025 | ||
| 892 months agoDec 2024 | +11.2 % Change MoMDec – Jan |
Summary: The Redwood City real estate market had 99 homes for sale in Jan 2025, a 11.2 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 29Last MonthJan 2025 | ||
| 402 months agoDec 2024 | -27.5 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 4 | 2 | -50.0% |
| 22 Bedrooms | 22 | 21 | -4.5% |
| 33 Bedrooms | 28 | 34 | +21.4% |
| 44 Bedrooms | 24 | 24 | 0.0% |
| 55+ Bedrooms | 11 | 18 | +63.6% |
Summary: Redwood City housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes decreased by -4.5%. The inventory for 3 bedroom homes increased by +21.4%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +63.6%.
Asking Price vs. Sold Price
How much do homes in Redwood City, CA cost?
Over Asking Price13 Homes
At Asking Price4 Homes
Under Asking Price11 Homes
Insight
If you're buying a home in Redwood City, you could pay more than the asking price. 46.4% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Redwood City in January 2025, down by 27.5% month-over-month. Of the 28 sold homes, 39% were sold under asking, 14% were sold at asking, and and 46% were sold over asking.
Days on Market for Redwood City, CA
How long does it take to sell a home in Redwood City, CA?
Breakdown of Home Sale Times
Under 30 Days15 Homes
30 – 90 Days10 Homes
Over 90 Days4 Homes
Insight
Many homes in Redwood City are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 29 homes were sold in Redwood City; 52% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 46 DaysThis YearJan 2025 | ||
| 44 Days1 year agoJan 2024 | +3.7 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Redwood City had an average listing age of 46 days in Jan 2025, up by 3.7% compared to the previous year.
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Newest Listings in Redwood City, CA
What homes are available in Redwood City, CA?
New - 13 hours on Rocket
$9,381 Closing Credit¹
#ML81992961, Margaret Barton, Listing Office: Intero Real Estate Services
New - 2 days on Rocket
$10,000 Closing Credit¹
#ML81992368, Maria Schuster, Listing Office: Berkshire Hathaway HomeServices DrysdaleProperties
New - 4 days on Rocket
$10,000 Closing Credit¹
#ML81992501, Pierre & Alex Buljan, Listing Office: Compass
New - 4 days on Rocket
$10,000 Closing Credit¹
#ML81992378, Mary Murphy, Listing Office: Compass
New - 5 days on Rocket
$10,000 Closing Credit¹
#ML81992458, The Patty Dwyer G..., Listing Office: Compass
New - 5 days on Rocket
#ML81992432, Nadine Masarweh, Listing Office: Thomas James Real Estate Services, Inc,
New - 6 days on Rocket
$10,000 Closing Credit¹
#ML81992287, Michelle Glaubert, Listing Office: Coldwell Banker Realty
New - 6 days on Rocket
$10,000 Closing Credit¹
#ML81992276, Iris Prada, Listing Office: Remax Capital
New - 6 days on Rocket
$10,000 Closing Credit¹
#ML81984144, Karen Fangfang Xu, Listing Office: Century 21 Anew Realty
New - 6 days on Rocket
$10,000 Closing Credit¹
#ML81992235, Serena Conti, Listing Office: Compass
New - 7 days on Rocket
$10,000 Closing Credit¹
#ML81992195, The Kockos Group, Listing Office: Golden Gate Sotheby's International Realty
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MLS Disclaimers and Copyright
Based on information from California Regional MLS, for the period 02/01/2023 - 02/01/2025
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. The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 10:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.