ZIP 94063, Redwood City Housing Market · 2026

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

ZIP 94063, Redwood City Market Snapshot

ZIP 94063 is a balanced market and tilting gently toward buyers. A good environment for thoughtful decisions on both sides:

Based on 20 homes sold in March 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through March 2026

SalesWhat are homes selling for?
Median Sale Price
$1.19M
Down 24.4% from March 2025
Down $385K from March 2025
Homes Sold
20
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$7,459/mo
6.53% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$6,036
  • Property Tax$1,240
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
18 days
6 more days than in March 2025
Homes typically sell within a month
Sale-to-List Ratio
101.1%
Down from 112.3% in March 2025
Selling at or near asking price
% Sold Over Asking
50%
More than half of homes sold above their asking price
Active Listings
15
Down 21.1% from March 2025
About 0.8 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in 94063, Redwood City.

Median Sale Price
Down 24.4% year-over-year in 94063, Redwood City. Based on 20 sales in the most recent month.
Homes Sold
233% more homes sold than a year ago in 94063, Redwood City.
Total Monthly Payment
Estimated monthly cost is down 26% from a year ago in 94063, 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 6.53%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about ZIP 94063

Is now a good time to buy in ZIP 94063?

ZIP 94063 is a balanced market that is tilting gently toward buyers. Both sides have reasonable leverage, contingencies are more common, and there is time to make thoughtful decisions.

How do ZIP 94063 home prices compare to the Bay Area average?

At $1.19M, ZIP 94063's median sits about 37% below the Bay Area average of $1.88M. That average is skewed high by ultra-premium peninsula enclaves like Atherton and Woodside, so a more useful frame is that ZIP 94063 is one of the more accessible corners of the Bay Area.

Within Redwood City, this area trades about 38% below the city-wide median of $1.93M.

By home type:

  • Single-family homes at $1.22M
  • Condos at $793K
  • Townhomes at $1.20M
What price range should I budget for in ZIP 94063?

Prices in ZIP 94063 depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Single-family homes at $1.22M
  • Condos at $793K
  • Townhomes at $1.20M

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 ZIP 94063 for buyers?

ZIP 94063 is a balanced market where neither side dominates:

  • Homes sell about 1% above asking on average
  • 50% close above list price
  • 18 days typical time to go pending

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 ZIP 94063 home?

At $1.19M with 20% down at 6.53%, your estimated total monthly cost is approximately $7,459:

  • $6,036 principal and interest
  • $1,240 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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