Redwood City Housing Market Report – May 2026
Here's a look at how the Redwood City, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 59
- Median Sale Price: $2,200,000
- Average Sale Price: $2,394,079
- Average Price Per Sq Ft: $1,198
- Average Days on Market: 40
- Sale-to-List Price Ratio: 105.2%
Month-Over-Month Trends
Compared to April, the median sale price in Redwood City moved 15.8% up (from $1,900,000 to $2,200,000). The number of homes sold was 32.2% down compared to the prior month (87 vs. 59). Average days on market shifted 14.3% up (35 days to 40 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 15.8% up (from $1,900,000 to $2,200,000). Sales volume is 3.3% down year-over-year.
What This Means
Redwood City's housing market is showing mixed signals this May, with strong price momentum offset by softening demand. The median sale price jumped 15.8% month-over-month to $2.2 million, reflecting sustained buyer interest in premium properties and the broader Bay Area's continued appeal despite economic headwinds. However, the 32.2% drop in sales volume from April warrants context: our earlier data collection issues mean April figures were likely incomplete, so this month's 59 sales probably represents a more accurate baseline rather than a sudden decline. What's more telling is the 40-day average time on market, up from 35 days last month, suggesting homes are sitting slightly longer even as prices climb.
The sale-to-list ratio of 105.2% confirms Redwood City remains a seller's market, with homes commanding modest premiums. Yet the disconnect between asking prices in active listings (median $1.75 million) and actual sale prices indicates some negotiation happening—buyers are growing more selective. For sellers, this is encouraging: properties are still moving above ask. For buyers, it's a reminder that while inventory has improved to 154 homes, competition remains real, and patience may yield better deals as the market gradually rebalances.
Redwood City Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94061 | 20 | $2,185,000 | $1,253 | 32 |
| 94062 | 19 | $3,100,000 | $1,278 | 36 |
| 94065 | 12 | $1,940,000 | $1,076 | 40 |
| 94063 | 8 | $1,468,750 | $1,056 | 65 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 46 | $2,437,500 | $1,310 |
| TOWNHOMES | 5 | $1,658,000 | $905 |
| CONDOS | 4 | $1,175,000 | $799 |
| MULTI_FAMILY | 4 | $1,612,500 | $677 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $500K - $749K | 1 |
| $750K+ | 58 |
Current Active Listings
As of this report, there are 154 active listings in Redwood City with a median asking price of $1,750,000 and an average of 60 days on market.
Thinking About Selling Your Redwood City Home?
If you're a homeowner in Redwood City considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Redwood City and throughout San Mateo County — get a no-obligation cash offer today.