Redwood City Home Prices & Values

$1,011,400 Zillow Home Value Index What's This?  
Close

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 9.5% 1-year change
  • 2.8% 1-year forecast

Market Temperature: HotWhat's This?
Close

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Redwood City is $1,011,400. Redwood City home values have gone up 9.5% over the past year and Zillow predicts they will rise 2.8% within the next year. The median list price per square foot in Redwood City is $603, which is higher than the San Francisco Metro average of $404. The median price of homes currently listed in Redwood City is $890,000 while the median price of homes that sold is $886,000. The median rent price in Redwood City is $2,975.

Foreclosures will be a factor impacting home values in the next several years. In Redwood City 0.3 homes are foreclosed (per 10,000). This is lower than the San Francisco Metro value of 1.3 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Redwood City is 5.9%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Redwood City homeowners underwater on their mortgage is 2.7%, which is lower than San Francisco Metro at 8.2%.

more
Relative ZHVI
- +

Redwood City Market Overview

Data through Aug 31, 2014
  • $1,011,400 ZHVI
  • 2.8% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $890,000 Median listing price
  • $886,000 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Redwood City Market Health

Data through Aug 31, 2014
  • 7.7/10 Very healthy What's This?  
    Close

    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 2.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.3 homes(Jul 31, 2014) Redwood City
1.3 homes San Francisco Metro
4.3 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Atherton $4,703,000 Emerald Lake Hills $1,668,000 Menlo Park $1,588,600
San Carlos $1,280,900 Belmont $1,210,300 Foster City $1,094,500
San Mateo $866,600 North Fair Oaks $615,900 East Palo Alto $509,400

Listings & Sales

Data through Aug 31, 2014
  • $603 Median list price / sq ft
  • $630 Median sale price / sq ft
  • 16.0% Listings with price cut
0.9%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Redwood City Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$3,753 Redwood City
$2,920 San Francisco Metro
$1,328 United States
  • 1.9 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $2,975 Rent list price
  • $3.00 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

 
 
 
Sign in with Google