Housing in Redwood City, CA

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$1,925,000

Median List Price

$1,765,000

Price Per Sq Ft

$1,003

Days on Market

Active Inventory

Months of Supply

1.8

Seller's market

Zillow Home Value

$1,788,432

ZHVI — January 2026

Zillow Rent Index

$3,622

ZORI — January 2026

Price Trends

Source: Redfin

Sale Price ↑ 0.0%List Price ↑ 4.1%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

45.8%

Off Market in 2 Weeks

55.2%

Sale-to-List Ratio

101.2%

Seller's market

Sold Above Asking

45.8%

Under Contract in 2 Wks

55.2%

Listings with Price Drops

4.7%

Market Activity

Source: Redfin

Homes Sold

New Listings

Pending Sales

Homes Sold ↓ 31.4%New Listings ↓ 26.2%Pending ↓ 21.6%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$1,003

Median List $/SF

$1,017

Sale $/SF ↓ 7.5%List $/SF ↑ 0.1%Mar 24 → Jan 26

Redwood City vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 50,000 - 100,000 residents. Redwood City is highlighted.

Median Home Value

99th%ilemost expensive$1,838,800show rank

Median Rent

98th%ilemost expensive rent$2,959show rank

Median Price Per Sq Ft

99th%ilemost expensive $/sqft$1,003show rank

Rent Burden

79th%ilehighest rent burden23.5%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$1,838,800

Median Rent

$2,959

Total Housing Units

32,334

Vacancy Rate

6.5%

Owner Occupied

47.7%

Renter Occupied

52.3%

Median Property Tax

$9,916

per year

Monthly Cost (w/ Mortgage)

$3,713

Housing Types

Single Family

56.8%

Multi-Family

41.4%

Mobile Home

1.8%

The current median sale price in Redwood City, CA is $1,925,000 according to Redfin data. Homes spend a median of 39 days on the market. 45.8% of homes sold above asking price. The market has 1.8 months of supply. The median price per square foot is $1,003. Zillow's observed rent index is $3,622/month. About 47.7% of housing units are owner-occupied. The median year homes were built is 1968. There are 32,334 total housing units.