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REDWOOD CITY, CA 94062

Real Estate Market Report
Seller's Market
June 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 June 2026. Source: Realtor.com.

The REDWOOD CITY, CA real estate market (94062) currently shows 80 active listings, with 32 pending sales. Homes are averaging 44 days on the market before going under contract.

Inventory has tightened compared to last year, with 21 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 44 days on market compared to 46 days last year.

The median listing price has risen 19.4% year-over-year, from $3,145,750 to $3,755,000.

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.

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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
80
⇩ 20.8% vs 101 last year
Pending
32
40% pending ratio
Median Price
$3,755,000
⇧ 19.4% vs $3,145,750 last year
Average Price
$5,510,794
⇩ 9.2% vs $6,068,033 last year
Days on Market
44
⇩ 4.3% vs 46 days last year

Price Per Square Foot

Median $/sqft
$1,283
⇧ 7.7% vs $1,191/sqft last year
Median Home Size
2,794 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 80 this year vs 101 last year
  • Days on market: 44 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $3,755,000 (+19.4% YoY)
  • Average: $5,510,794 (-9.2% 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 June 2026, there are 80 active listings in REDWOOD CITY, CA (zip code 94062), compared to 101 the prior year.

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

The median listing price in REDWOOD CITY, CA 94062 is $3,755,000 as of June 2026, a 19.4% increase from $3,145,750 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 44 days on the market before going under contract, compared to 46 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 June 2026, REDWOOD CITY, CA 94062 is currently a Seller's Market. Inventory has tightened compared to last year, with 21 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 44 days on market compared to 46 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 $75,100 compared to a typical 5% commission on the median listing price of $3,755,000. 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.