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 May 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
$1,000,409
$616/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Central Contra Costa have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Central Contra Costa was $1,000,409 in May 2024, up 2.1% from last year, and the median price per square foot was $616.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $369K | +5.4% |
| 2 Bedrooms | $605.9K | $610.5K | +0.8% |
| 3 Bedrooms | $933.7K | $925K | -0.9% |
| 4 Bedrooms | $1.4M | $1.5M | +1.6% |
| 5+ Bedrooms | $2.0M | $2.0M | +3.5% |
Summary: Central Contra Costa housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Walnut Creek | $829.2K | $878.2K | +5.9% |
| Pleasant Hill | $967K | $1.0M | +3.6% |
| Concord | $739.4K | $763.3K | +3.2% |
| Central Contra Costa | $979.5K | $1.0M | +2.1% |
| Lafayette | $1.9M | $1.8M | -6.6% |
Housing Supply in Central Contra Costa, CA
How many homes are available in Central Contra Costa, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,366 | 1,627 | +19.1% |
Summary: The Central Contra Costa real estate market had 1,627 homes for sale in May 2024, a 19.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 82 | 94 | +14.6% |
| 2 Bedrooms | 305 | 350 | +14.8% |
| 3 Bedrooms | 379 | 460 | +21.4% |
| 4 Bedrooms | 399 | 478 | +19.8% |
| 5+ Bedrooms | 201 | 245 | +21.9% |
Summary: The Central Contra Costa housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 21.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 460 | 524 | +13.9% |
Asking Price vs. Sold Price
136 Homes Were Sold
Under Asking
71 Homes Were Sold
At Asking
290 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. 58.4% of homes here sold above asking price last month.
Summary: A total of 524 homes were sold or pending in Central Contra Costa in May 2024, up by 13.9% month-over-month. Of the 497 sold homes, 27% were sold under asking, 14% were sold at asking, and 58% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 16 Days | +3.7% |
Summary: Homes in Central Contra Costa had an average of 16 days on market in May 2024, up by 3.7% compared to last year.
Breakdown of Home Sale Times
440 Homes Were Sold
Under 30 Days
60 Homes Were Sold
In 30 - 90 Days
10 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 May 2024, 524 homes were sold in Central Contra Costa; 84% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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