Home ValuePros

Market Intelligence · CA / Redwood City

Redwood City, CA 94062 Housing Market

Homes in Redwood City's 94062 ZIP are valued at $2,722,143 on average, up 5.3% over the past year. The median list price stands at $3,748,750, with homes spending 48 days on market.

Updated August 2026Median value$2722K

The median home value in Redwood City, CA 94062 is $2.72M as of August 2026, up 5.3% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 94062 range

$2.5M to $2.94M

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

+5.3% over 12 months

Typical home value in 94062 over the last 12 months: $2.59M in Jul 2025 to $2.72M in Jul 2026 (+5.3%).

Jul 2025$2.59M

Jul 2026$2.72M

The numbers

What is the 94062 housing market like?

Typical home value

$2.72M

Up5.3%YoY

Median list price

$3.71M

Down1.0%MoM

Days on market

64

Up33.3%MoM

Homes for sale

40

Flat0.0%MoM

Price cuts

10.7%

Up53.7%MoM

New listings

20

Up42.9%MoM

Sources · Zillow ZHVI (July 2026) / Realtor.com (August 2026) / FRED (August 2026)

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The comparison

How do 94062 home prices compare?

  • 94062$2,722,143
  • Redwood City$1,900,412
  • California$702,086
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Redwood City: 4 ZIPs; California: 1,543 ZIPs; United States: 26,266 ZIPs).

Context

There are currently 40 homes for sale in 94062, with 14 new listings added recently. The median days on market of 48 suggests a moderate pace of sales activity. Only 6.9% of listings have seen a price cut, which aligns with the area's modest year-over-year appreciation. For sellers, the combination of steady demand and low price-cut rates indicates a balanced market where pricing strategy matters.

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20% · $544,429

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