Palm Park, Redwood City Housing Market · 2026

Data through Jul 2026

Data curated by Melanie Tan, 8 Blocks Real Estate · How this data works

Palm Park, Redwood City Market Snapshot

Palm Park is a balanced market, but competition has been picking up. Here's where things stand:

Based on 5 homes sold in the 3 months ending July 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Enough to see the trend, but individual sales still move the median. Updated weekly.

Data through July 2026

SalesWhat are homes selling for?
Median Sale Price
$1.30M
Up 54.1% from July 2025
Up $456K from July 2025
Homes Sold
5
Sold in the last 3 months. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$8,252/mo
6.71% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$6,715
  • Property Tax$1,354
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
53 days
18 more days than in July 2025
Buyers have time to decide
Sale-to-List Ratio
103.9%
Up from 94.0% in July 2025
Selling 4% above asking
% Sold Over Asking
60%
More than half of homes sold above their asking price
Active Listings
10
Up 60.7% from July 2025
About 5.7 months of supply. Plenty of options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in Palm Park.

Median Sale Price
Up 54.1% year-over-year in Palm Park. Based on 5 sales in the last 3 months.
Homes Sold
About the same sales volume as a year ago in Palm Park.
Total Monthly Payment
Estimated monthly cost is up 52% from a year ago in Palm Park, 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 6.71%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about Palm Park, Redwood City

Is now a good time to buy in Palm Park, Redwood City?

Palm Park, Redwood City is balanced but competition is picking up. It remains a reasonable environment for buyers, though acting decisively on well-priced homes is becoming more important.

How do Palm Park, Redwood City home prices compare to the Bay Area average?

At $1.30M, Palm Park, Redwood City's median sits about 28% below the Bay Area average of $1.80M. That average is skewed high by ultra-premium peninsula enclaves like Atherton and Woodside, so a more useful frame is that Palm Park, Redwood City is one of the more accessible corners of the Bay Area.

Within Redwood City, this area trades about 34% below the city-wide median of $1.98M.

By home type:

  • Condos at $802K
  • Single-family homes at $1.48M
What price range should I budget for in Palm Park, Redwood City?

Prices in Palm Park, Redwood City depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Condos at $802K
  • Single-family homes at $1.48M

Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.

How competitive is Palm Park, Redwood City for buyers?

Palm Park, Redwood City is a balanced market where neither side dominates:

  • Homes sell about 4% above asking on average
  • 60% close above list price
  • 53 days typical time to go pending
  • 16% of listings have had a price reduction

Buyer strategy: contingencies are more accepted, and there is time to tour and negotiate without extreme pressure.

What will my total monthly cost be on a median-priced Palm Park, Redwood City home?

At $1.30M with 20% down at 6.71%, your estimated total monthly cost is approximately $8,252:

  • $6,715 principal and interest
  • $1,354 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.

No noise, just a quick weekly read on what's going on in your market.

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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