Redwood City Housing Market Report – July 2026
Here's a look at how the Redwood City, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 69
- Median Sale Price: $2,150,000
- Average Sale Price: $2,462,591
- Average Price Per Sq Ft: $1,196
- Average Days on Market: 46
- Sale-to-List Price Ratio: 104.9%
Month-Over-Month Trends
Compared to June, the median sale price in Redwood City moved 10.5% up (from $1,946,500 to $2,150,000). The number of homes sold was 27.4% down compared to the prior month (95 vs. 69). Average days on market shifted 2.1% down (47 days to 46 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 12.1% up (from $1,917,500 to $2,150,000). Sales volume is 4.5% up year-over-year.
What This Means
Redwood City's housing market in July shows a tale of two trends: strong price appreciation coupled with softer buyer activity. The median sale price hit $2.15 million, up a solid 10.5% from June and 12.1% year-over-year, signaling that sellers remain confident and homes are holding their value well. However, the month-over-month drop in sales volume from 95 to 69 homes suggests buyer enthusiasm has cooled heading into summer. This slowdown is fairly typical for mid-July, as many families finalize summer plans rather than close on homes, and it likely reflects the broader impact of elevated mortgage rates on purchasing power.
What's particularly telling is the sale-to-list ratio of 104.9%, meaning homes are still selling above asking on average. Combined with the quick 46-day average time on market, this indicates that well-priced homes continue to attract serious buyers—the market isn't stalling, just shifting to a more selective pace. The 166 active listings on the market suggest reasonable supply, though the $500,000 gap between the median asking price and median sale price hints that some listings may be overpriced. For sellers, the conditions remain favorable. For buyers, the message is clear: competition persists, but patience and realistic pricing expectations are paying dividends.
Redwood City Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94061 | 27 | $1,800,000 | $1,195 | 48 |
| 94062 | 24 | $3,787,500 | $1,343 | 43 |
| 94065 | 12 | $1,455,000 | $1,038 | 52 |
| 94063 | 6 | $1,676,000 | $938 | 43 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 53 | $2,500,000 | $1,323 |
| CONDOS | 8 | $1,050,000 | $796 |
| MULTI_FAMILY | 5 | $1,680,000 | $583 |
| TOWNHOMES | 2 | $1,313,000 | $967 |
| OTHER | 1 | $1,300,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $750K+ | 69 |
Current Active Listings
As of this report, there are 166 active listings in Redwood City with a median asking price of $1,650,000 and an average of 66 days on market.
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