Call or Text (240) SELL-123
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

REDWOOD CITY, CA 94062

Real Estate Market Report
Balanced Market
March 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 March 2026. Source: Realtor.com.

The REDWOOD CITY, CA real estate market (94062) currently shows 64 active listings, with 18 pending sales. Homes are averaging 28 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are selling faster, averaging 28 days on market compared to 31 days last year.

The median listing price has fallen 0.3% year-over-year, from $3,499,000 to $3,488,888.

Whether you are buying or selling in REDWOOD CITY, CA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for REDWOOD CITY, CA 94062 and connect with motivated buyers & sellers.
Contact SELL123.com →

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
64
⇧ 14.3% vs 56 last year
Pending
18
28% pending ratio
Median Price
$3,488,888
⇩ 0.3% vs $3,499,000 last year
Average Price
$4,216,948
⇩ 8.2% vs $4,594,385 last year
Days on Market
28
⇩ 9.7% vs 31 days last year

Price Per Square Foot

Median $/sqft
$1,198
⇧ 1.2% vs $1,184/sqft last year
Median Home Size
2,843 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 64 this year vs 56 last year
  • Days on market: 28 now vs 31 last year

Median & Average Pricing

Year over Year
  • Median: $3,488,888 (-0.3% YoY)
  • Average: $4,216,948 (-8.2% 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 March 2026, there are 64 active listings in REDWOOD CITY, CA (zip code 94062), compared to 56 the prior year.

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

The median listing price in REDWOOD CITY, CA 94062 is $3,488,888 as of March 2026, a 0.3% decrease from $3,499,000 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 28 days on the market before going under contract, compared to 31 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 March 2026, REDWOOD CITY, CA 94062 is currently a Balanced Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are selling faster, averaging 28 days on market compared to 31 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 $69,778 compared to a typical 5% commission on the median listing price of $3,488,888. 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.