Is Redwood City, CA 94061 a buyer’s or seller’s market?

The Redwood City housing market right now

In the three months ending August 31, 2026, 60% of homes in Redwood City, CA 94061 sold above their list price, the typical home went under contract in 13 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 94 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 47%, homes sold faster (20 days then) and the median sale price rose 9% to $2,057,110. Overall, Redwood City is more competitive than a year ago, so tougher for buyers.

Within San Mateo County, homes here sell faster than in 88% of the county’s ZIP codes, and sell more often over asking than in 69%. On our competition score, Redwood City ranks #31 of 1,069 CA ZIP codes with enough sales (score 95 out of 100).

Nearby, buyers who want less competition could look at San Gregorio 94074 (0% sold over asking) or Pescadero 94060 (0% sold over asking), while South San Francisco 94080 (71% sold over asking) and San Mateo 94403 (69% sold over asking) are even more competitive.