ZIP 94061, Redwood City Housing Market

ZIP 94061, Redwood City Market Snapshot

ZIP 94061 is one of the most competitive markets in the Bay Area right now. Here's what you need to know:

Based on 53 homes sold in March 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through March 2026

SalesWhat are homes selling for?
Median Sale Price
$2.17M
Up 19.3% from March 2025
Up $353K from March 2025
Homes Sold
53
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$13,219/mo
6.3% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$10,770
  • Property Tax$2,266
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
13 days
2 fewer days than in March 2025
Homes sell in a week or two
Sale-to-List Ratio
105.2%
Up from 105.0% in March 2025
Selling 5% above asking
% Sold Over Asking
66%
66% of homes sold above their asking price
Active Listings
30
Down 25.0% from March 2025
About 0.6 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in 94061, Redwood City.

Median Sale Price
Up 19.3% year-over-year in 94061, Redwood City. Based on 53 sales in the most recent month.
Homes Sold
About the same sales volume as a year ago in 94061, Redwood City.
Total Monthly Payment
Estimated monthly cost is up 16% from a year ago in 94061, Redwood City, reflecting changes in both price and mortgage rates.

Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.

30-Year Fixed Mortgage Rate (National Avg.)
National average currently at 6.3%. Your actual rate depends on your credit, down payment, and loan type.
Melanie Tan
Melanie Tan
DRE #02250755
“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
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