Is Coalinga, 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, Coalinga has remained a Seller's Market.
Housing Prices in Coalinga, CA
How much do homes in Coalinga, CA cost?
Median Sold Price
$285,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Coalinga was $285,000 in May 2024, up 11.4% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $452.2K | $159K | -64.8% |
2 Bedrooms | $149K | $217K | +45.6% |
3 Bedrooms | $252K | $285K | +13.1% |
4 Bedrooms | $341K | $337.5K | -1.0% |
5+ Bedrooms | $317.5K | $353.9K | +11.5% |
Summary: Coalinga housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.8%, 2 bedroom homes increased by 45.6%, 3 bedroom homes increased by 13.1%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 11.5%.
Housing Supply in Coalinga, CA
How many homes are available in Coalinga, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 41 | +10.8% |
Summary: The Coalinga real estate market had 41 homes for sale in May 2024, a 10.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 19 | 24 | +26.3% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Coalinga housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 26.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Coalinga in May 2024, up by 14.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Coalinga, CA
How long does it take to sell a home in Coalinga, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
120 Days | 36 Days | -69.6% |
Summary: Homes in Coalinga had an average of 36 days on market in May 2024, down by 69.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Coalinga; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.