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Market Intelligence · CA / Redwood City

Redwood City, CA 94062 Housing Market

The typical home value in Redwood City, CA 94062 is $2,711,349, up 7.7% over the past year as of September 2026. The median list price is $3,443,750, and homes spend a median of 37 days on the market.

Updated September 2026Median value$2711K

The median home value in Redwood City, CA 94062 is $2.71M as of September 2026, up 7.7% 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 94062 range

$2.49M to $2.93M

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

+7.7% over 12 months

Typical home value in 94062 over the last 12 months: $2.52M in Sep 2025 to $2.71M in Sep 2026 (+7.7%).

Sep 2025$2.52M

Sep 2026$2.71M

The numbers

What is the 94062 housing market like?

Typical home value

$2.71M

Up7.7%YoY

Median list price

$3.44M

Down7.2%MoM

Days on market

37

Down42.2%MoM

Homes for sale

43

Up7.5%MoM

Price cuts

16.6%

Up55.4%MoM

New listings

26

Up30.0%MoM

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

The outlook

94062 housing market forecast 2027

+2.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 94062 to rise 2.0% by September 2027.

Over the 12 months through September 2026, typical home values in 94062 rose 7.7%, per the Zillow Home Value Index.

Will home prices drop in 94062?

Zillow's forecast does not call for a drop: it expects typical home values in 94062 to rise 2.0% by September 2027, after a 7.7% 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 94062 home prices compare?

  • 94062$2,711,349
  • 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

As of September 2026, there are 43 homes for sale in 94062, with 26 new listings hitting the market. The typical home value sits at $2,711,349 and is up 7.7% over the past year, while the median list price is $3,443,750. Homes are moving at a median of 37 days on market, and 16.6% of listings have taken a price cut. Values are still climbing, but the share of reduced listings shows some sellers are pricing above what buyers will pay. For a seller, that means accurate pricing from day one matters more than testing the top of the market.

Monthly payment

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20% · $542,270

Common questions

What people ask us.

How much is a home in 94062 worth?

The typical home value in 94062 is $2,711,349, up 7.7% over the past year as of September 2026.

How fast are homes selling in 94062?

Homes in 94062 spend a median of 37 days on the market as of September 2026.

Are sellers in 94062 cutting prices?

As of September 2026, 16.6% of listings in 94062 have had a price cut, while the median list price stands at $3,443,750.

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