ZIP 94062, Redwood City Housing Market · 2026

Data through Sep 2026 · Part of the Redwood City housing market

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

ZIP 94062, Redwood City Market Snapshot

ZIP 94062 favors sellers and competition is intensifying. Here's the picture:

Based on 68 homes sold in the 3 months ending September 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through September 2026

SalesWhat are homes selling for?
Median Sale Price
$3.29M
▲ Up 18.5% from September 2025
Up $514K from September 2025
Homes Sold
68
Sold in the last 3 months. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$21,827/mo
7.4% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$18,218
  • Property Tax$3,426
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
14 days
▼ 21 fewer days than in September 2025
Homes sell in a week or two
Sale-to-List Ratio
104.0%
▲ Up from 99.1% in September 2025
Selling 4% above asking
% Sold Over Asking
49%
49% of homes sold above asking, some competition
Active Listings
48
▲ Up 2.0% from September 2025
About 2.2 months of supply. Moderate selection available

Market Trends

See how prices, monthly costs, and mortgage rates have moved in 94062, Redwood City.

Median Sale Price
Up 18.5% year-over-year in 94062, Redwood City. Based on 68 sales in the last 3 months.
Homes Sold
7% fewer homes sold than a year ago in 94062, Redwood City.
Total Monthly Payment
Estimated monthly cost is up 26% from a year ago in 94062, Redwood City, 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 7.4%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about ZIP 94062

Is now a good time to buy in ZIP 94062?

ZIP 94062 favors sellers and competition is intensifying. Buyers should prepare strong offers and expect limited room to negotiate on well-priced listings.

How do ZIP 94062 home prices compare to the Bay Area average?

At $3.29M, ZIP 94062's median sits about 86% above the Bay Area average of $1.77M. ZIP 94062 is on the higher end of the regional market.

Within Redwood City, this area trades about 69% above the city-wide median of $1.95M.

How competitive is ZIP 94062 for buyers?

ZIP 94062 currently favors sellers:

  • Homes sell about 4% above asking on average
  • 49% close above list price
  • 14 days typical time to go pending
  • 21% of listings have had a price reduction

Buyer strategy: well-priced homes still move quickly, but there is modest room for strong offers. Come in pre-approved with a clear plan.

What will my total monthly cost be on a median-priced ZIP 94062 home?

At $3.29M with 20% down at 7.4%, your estimated total monthly cost is approximately $21,827:

  • $18,218 principal and interest
  • $3,426 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra.

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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