Redwood City is a prime California city situated within the San Francisco Bay Area. The city has a diverse population, enjoys great weather, and has a close commute to the hubs of San Mateo and Palo Alto, that it is situated in between.
One of the best aspects of living in Redwood City, CA is that it has a decent mix of urban and suburban areas. This makes it an ideal place to live if you enjoy the conveniences of having a bustling downtown while also getting to enjoy all the peace and serenity that comes with living in a Bay Area suburb.
Most residents of Redwood City enjoy how meticulously crafted homes in the area are. There is a general consensus that Redwood City’s real estate options are among some of the best in the Bay Area. Most exteriors and interiors of homes are well-designed and homeowners are continuously working to improve their home values. Homes for sale in Redwood City attract families looking for good schools and to settle down as well as educated, young professionals who want plenty of employment opportunities alongside a lively nightlife.
Residents also get many gracious choices whether they choose to own a home or rent one in Redwood City. With the immense level of home quality and a variety of homes to choose from, the area is popular for those who have a higher income and wish to be immersed in all the tech opportunities that Silicon Valley has to offer.
According to Zillow, average single-family home values in Redwood City have been increasing at a tremendous rate since 2013. Over the last year alone, home values in Redwood City jumped by ~16%. This can be attributed to the popularity of Bay Area real estate and to the seller’s markets experienced around the country due to the home-sale shortages during the height of the COVID-19 pandemic.
Realtor.com currently puts homes for sale in Redwood City at a median listing home price of around $1.6 million. When it comes to price per square foot, homes in Redwood City have a median price of $1,000 based on current median home prices. Houses in the area have also been selling a lot quicker than in the recent past, with most average listings currently staying on the market for about 40 days - further showing how hot the real estate market in Redwood City truly is.
To discover more about homes and open houses in the area, reach out and connect with Morgan Cook, a premier San Francisco Bay Area and Redwood City real estate agent!