Is Central Contra Costa, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Central Contra Costa has remained a Seller's Market.
Key Takeaway
Central Contra Costa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Contra Costa, CA
How much do homes in Central Contra Costa, CA cost?
Median Sold Price
$983,359
$613/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Central Contra Costa have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Central Contra Costa was $983,359 in April 2024, down 0.9% from last year, and the median price per square foot was $613.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $368.9K | +3.9% |
| 2 Bedrooms | $602K | $620K | +3.0% |
| 3 Bedrooms | $931.6K | $925.2K | -0.7% |
| 4 Bedrooms | $1.5M | $1.5M | +0.9% |
| 5+ Bedrooms | $2.0M | $2.0M | -2.3% |
Summary: Central Contra Costa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Walnut Creek | $832.8K | $874.2K | +5.0% |
| Concord | $745K | $763.2K | +2.5% |
| Pleasant Hill | $971.6K | $980K | +0.9% |
| Central Contra Costa | $991.9K | $983.3K | -0.9% |
| Lafayette | $1.9M | $1.8M | -7.6% |
Housing Supply in Central Contra Costa, CA
How many homes are available in Central Contra Costa, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,134 | 1,418 | +25.0% |
Summary: The Central Contra Costa real estate market had 1,418 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 60 | 87 | +45.0% |
| 2 Bedrooms | 304 | 326 | +7.2% |
| 3 Bedrooms | 307 | 388 | +26.4% |
| 4 Bedrooms | 323 | 409 | +26.6% |
| 5+ Bedrooms | 140 | 208 | +48.6% |
Summary: The Central Contra Costa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 45%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 26.4%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes increased by 48.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 364 | 460 | +26.4% |
Asking Price vs. Sold Price
112 Homes Were Sold
Under Asking
50 Homes Were Sold
At Asking
271 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Contra Costa, you could pay more than the asking price. 62.6% of homes here sold above asking price last month.
Summary: A total of 460 homes were sold or pending in Central Contra Costa in April 2024, up by 26.4% month-over-month. Of the 433 sold homes, 26% were sold under asking, 12% were sold at asking, and 63% were sold over asking.
Days on Market for Central Contra Costa, CA
How long does it take to sell a home in Central Contra Costa, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 18 Days | -10.2% |
Summary: Homes in Central Contra Costa had an average of 18 days on market in Apr 2024, down by 10.2% compared to last year.
Breakdown of Home Sale Times
366 Homes Were Sold
Under 30 Days
65 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Contra Costa are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 460 homes were sold in Central Contra Costa; 80% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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