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REDWOOD CITY, CA 94062

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 94062

Central (Central Park) · Downtown · Eagle Hill (Eaglehill) · Emerald Hills · Farm Hill (Farm Hills) · Mount Carmel · Oak Knoll (Edgewood Park) · Palomar Park (Palomar) · Roosevelt (Roosevelt Plaza) · Sequoia

Market Analysis

Data as of September 2026. Source: Realtor.com.

The REDWOOD CITY, CA real estate market (94062) currently shows 60 active listings, with 17 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has tightened compared to last year, with 23 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 37 days on market compared to 32 days last year.

The median listing price has risen 14.9% year-over-year, from $2,995,972 to $3,443,750.

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Market Context

Market Context

Population: 26,531  ·  Density: 158.4/mi²  ·  Median household income: $230,391

Typical home value: $2,000,000  ·  Homeownership: 72.4%

Market Overview

Active Listings
60
⇩ 27.7% vs 83 last year
Pending
17
28% pending ratio
Median Price
$3,443,750
⇧ 14.9% vs $2,995,972 last year
Average Price
$6,669,074
⇧ 57.4% vs $4,237,406 last year
Days on Market
37
⇧ 15.6% vs 32 days last year

Price Per Square Foot

Median $/sqft
$1,339
⇧ 14.2% vs $1,173/sqft last year
Median Home Size
2,688 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 60 this year vs 83 last year
  • Days on market: 37 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $3,443,750 (+14.9% YoY)
  • Average: $6,669,074 (+57.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 12.0 miles — 424 listings ($1,496,279,475 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
94062Redwood City, CA 940620.0 mi42$199,041,612$3,784,500$4,739,086
94070San Carlos, CA 940705.2 mi41$93,004,851$1,826,000$2,268,411
94028Portola Valley, CA 940285.8 mi17$88,190,101$3,990,000$5,187,653
94002Belmont, CA 940026.1 mi25$54,148,475$1,999,444$2,165,939
94063Redwood City, CA 940636.7 mi10$13,324,250$1,313,250$1,332,425
94074San Gregorio, CA 940747.2 mi1$2,898,000$2,898,000$2,898,000
94403San Mateo, CA 944037.8 mi42$73,553,088$1,717,340$1,751,264
94301Palo Alto, CA 943018.1 mi26$183,722,214$4,988,000$7,066,239
94306Palo Alto, CA 943069.1 mi38$95,789,982$1,726,750$2,520,789
94022Los Altos, CA 940229.6 mi50$209,104,150$2,708,000$4,182,083
94401San Mateo, CA 9440110.4 mi45$48,699,360$797,000$1,082,208
94010Burlingame, CA 9401011.1 mi54$368,512,200$4,073,500$6,824,300
94040Mountain View, CA 9404012.0 mi33$66,291,192$1,523,472$2,008,824

Frequently Asked Questions

How many homes are for sale in REDWOOD CITY, CA 94062?

As of September 2026, there are 60 active listings in REDWOOD CITY, CA (zip code 94062), compared to 83 the prior year.

What is the median home price in REDWOOD CITY, CA 94062?

The median listing price in REDWOOD CITY, CA 94062 is $3,443,750 as of September 2026, a 14.9% increase from $2,995,972 the prior year.

How long do homes stay on the market in REDWOOD CITY, CA?

Homes in REDWOOD CITY, CA 94062 spend an average of 37 days on the market before going under contract, compared to 32 days the prior year.

Is it a seller's or buyer's market in REDWOOD CITY, CA 94062?

Based on current inventory and days-on-market data as of September 2026, REDWOOD CITY, CA 94062 is currently a Balanced Market. Inventory has tightened compared to last year, with 23 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 37 days on market compared to 32 days last year.

How much can I save on real estate commission in REDWOOD CITY, CA?

With SELL123.com's maximum 3% commission, sellers in REDWOOD CITY, CA 94062 save an estimated $68,875 compared to a typical 5% commission on the median listing price of $3,443,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.