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Market Intelligence · CA / Redwood City

Redwood City, CA 94061 Housing Market

The typical home in Redwood City's 94061 ZIP code is worth $1,963,145 as of September 2026, up 6.8% over the past year. Sellers listed homes at a median of $1,849,500, and properties moved in a median of 22 days on market.

Updated September 2026Median value$1963K

The median home value in Redwood City, CA 94061 is $1.96M as of September 2026, up 6.8% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 94061 range

$1.81M to $2.12M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+6.8% over 12 months

Typical home value in 94061 over the last 12 months: $1.84M in Sep 2025 to $1.96M in Sep 2026 (+6.8%).

Sep 2025$1.84M

Sep 2026$1.96M

The numbers

What is the 94061 housing market like?

Typical home value

$1.96M

Up6.8%YoY

Median list price

$1.85M

Up10.6%MoM

Days on market

22

Down21.4%MoM

Homes for sale

30

Down3.2%MoM

Price cuts

7.5%

Up16.4%MoM

New listings

32

Up60.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

94061 housing market forecast 2027

+1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 94061 to rise 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 94061 rose 6.8%, per the Zillow Home Value Index.

Will home prices drop in 94061?

Zillow's forecast does not call for a drop: it expects typical home values in 94061 to rise 1.6% by September 2027, after a 6.8% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 94061 home prices compare?

  • 94061$1,963,145
  • Redwood City$1,871,046
  • California$692,765
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Redwood City: 4 ZIPs; California: 1,543 ZIPs; United States: 26,262 ZIPs).

Context

The 94061 market in September 2026 showed solid momentum. The typical home value reached $1,963,145, up 6.8% over the past year, while the median list price stood at $1,849,500. Homes sold quickly, with a median of 22 days on market, and only 7.5% of listings took a price cut. Inventory stayed tight with 30 homes for sale against 32 new listings. For a seller, the data points to steady demand and limited competition, a favorable position if the home is priced correctly from the start.

Monthly payment

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20% · $392,629

Common questions

What people ask us.

How much is a home in 94061 worth?

The typical home value in 94061 is $1,963,145 as of September 2026, up 6.8% over the past year. The median list price for homes on the market was $1,849,500.

How fast do homes sell in 94061?

Homes in 94061 spent a median of 22 days on market as of September 2026. Only 7.5% of listings had a price cut, suggesting most sellers priced close to what buyers would pay.

Is there much competition when selling in 94061?

As of September 2026, there were 30 homes for sale in 94061, with 32 new listings coming on the market. That is a relatively small pool of competing sellers.

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