Redwood City Market Update: March 15–22, 2026
The Redwood City market continues to show a steady, balanced pattern as we move further into the spring season. While national headlines often point to uncertainty, the local data tells a more grounded story.
We think about the market through four forces: affordability, supply, demand, and market behavior.
1. Affordability: Still a Constraint
- Mortgage rates are currently in the mid-6% range nationally and have shown continued volatility in recent weeks, according to Mortgage News Daily
- Median single-family home list price is approximately $2.15M (Altos)
Interpretation:
Affordability remains a constraint, and rate volatility continues to influence buyer behavior, though demand has remained resilient.
2. Supply: Increasing, but Mostly Fresh
- 49 single-family homes currently active (MLS), including some listings not yet publicly visible
- 17 new listings this past week
- ~57% of active listings have been on the market for 14 days or fewer
Interpretation:
Supply is increasing as expected for the spring season, but much of it is new inventory rather than a buildup of unsold homes.
3. Demand: Still Active
- 14 homes pending
- 1 contingent
- 12 homes sold (past 7 days)
Interpretation:
Buyers are continuing to absorb a meaningful portion of new inventory, keeping the market active.
4. Market Behavior: Varies Across Listings
(MLS data, based on homes sold, pending, or contingent over the past ~30 days)
- Median days on market: 9 days
- Average days on market: 23 days
- Average sale-to-list price ratio: 103.8%
- Range: ~90% to ~114.5%
Interpretation:
Homes are still moving quickly and achieving strong outcomes, but results vary across listings.
The Synthesis
The Redwood City market is currently balanced:
- Supply is increasing
- Demand is keeping pace
- Pricing appears stable based on recent list price trends
- Outcomes vary significantly across listings, as reflected in the range of days on market and sale-to-list price outcomes
Buyers are active, but homes are not performing uniformly. Some are moving quickly and achieving strong results, while others take longer or sell below list. Overall, the data points to a market that is active and stable, but not uniform.
