Monthly market wrap MONTHLY MARKET WRAP Redwood City Condos · May 2026 The Redwood City market eased in May: most key signals moved the buyer's way. Median sale price $1.18M ▼ -7.7% vs Apr Time to pending 29d ▲ 12 days slower vs Apr Sold over asking 0% ▼ -80 pts vs Apr Active listings 31 ▲ +29.2% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Redwood City Condos · May 2026 Only 0% of Redwood City condos sold over asking, so buyers have room to negotiate. 96.1% average sale price vs. asking price Sold over asking 0% vs. a year ago -25 pts 103.3% 100.9% 98.4% Sold at asking price 96.1% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Are you an agent? Create a branded market page for free like this for your own cities.
Try ListingCopilot → The negotiation gap THE NEGOTIATION GAP Redwood City Condos · May 2026 Redwood City condos are closing +3.9% below asking. The list price has become a starting point. -$575K median sale price minus asking price Median asking price $1.75M Median sale price $1.18M $1.89M $1.41M $931K Sold Asking Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Redwood City Condos · May 2026 Redwood City condo values are climbing, up +70.2% in a year. $1.18M median sale price Year over year +70.2% Homes sold last month 4 $1.1M $978K $851K $1.18M Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Redwood City Condos · May 2026 The typical Redwood City condo goes pending in 29 days, 11 days faster than last year. 29 days median time to pending Gone within two weeks 25% vs. a year ago 11 days faster 84d 56d 28d 29d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Redwood City Condos · May 2026 Redwood City inventory is up 6.9% year over year, a steadier supply picture for condos. 31 active listings Year over year +6.9% Months of supply 7.8 27 19 11 31 Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Buying or selling in Redwood City? Jason tracks this market every month and can give you a local read before your next move.
Price cuts PRICE CUTS Redwood City Condos · May 2026 16% of Redwood City listings cut their asking price last month, down 5 pts from a year ago. 16% of active listings cut their asking price vs. a year ago -5 pts Active listings 31 31% 22% 12% 16% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Redwood City Condos · May 2026 Only 25% of Redwood City condos went pending within two weeks. Most listings are taking their time. 25% of listings went pending within two weeks Median time to pending 29 days vs. a year ago +25 pts 41% 25% 9% Half of listings 25% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Redwood City Condos · May 2026 January is historically Redwood City's calmest month for buyers: 5.4 pts less over-asking than March. January historically the calmest month for buyers Buyer's edge vs March -5.4 pts Years of Redfin data 10+ Yearly average J F M A M J J A S O N D -2.5 pts Bars over/under-asking vs the yearly average Line price seasonalityGenerated by ListingCopilot.io Source: Redfin housing market data 10-year price growth WAITING HAS A PRICE Redwood City Condos · May 2026 Redwood City condo values are up +28% over the past 10 years. +28% median sale price growth since 2016 Median price in 2016 $920K Average gain per year +2.5% $1.05M $942K $831K $1.18M Apr 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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