Market Intelligence · CA / Redwood City

Redwood City, CA 94062 Housing Market

The typical home in Redwood City's 94062 ZIP is valued at $2,722,143, up 5.3% over the past year. Homes for sale are listed at a median of $3,710,000 and spend 64 days on market.

Updated August 2026Median value$2699K

The median home value in Redwood City, CA 94062 is $2.7M as of August 2026, up 6.7% 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

$2.48M to $2.92M

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

+6.7% over 12 months

Typical home value in 94062 over the last 12 months: $2.53M in Aug 2025 to $2.7M in Aug 2026 (+6.7%).

Aug 2025$2.53M

Aug 2026$2.7M

The numbers

What is the 94062 housing market like?

Typical home value

$2.7M

Up6.7%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 (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 94062 home prices compare?

  • 94062$2,699,297
  • Redwood City$1,873,837
  • California$694,777
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Redwood City: 4 ZIPs; California: 1,543 ZIPs; United States: 26,265 ZIPs).

Context

The 94062 market has 40 homes for sale with 20 new listings as of August 2026. At the current median days on market of 64, homes are taking more than two months to sell. About 10.7% of listings have already had a price cut. Demand appears measured relative to inventory, so if you're thinking about selling, expect competition and be realistic about pricing.

Monthly payment

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20% · $539,859

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