Is Tracy, 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, Tracy has remained a Seller's Market.
Housing Prices in Tracy, CA
How much do homes in Tracy, CA cost?
Median Sold Price
$830,000
$379/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tracy was $830,000 in May 2024, up 13.3% from last year, and the median price per square foot was $379.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $380K | $432.5K | +13.8% |
3 Bedrooms | $600K | $649.9K | +8.3% |
4 Bedrooms | $770K | $900K | +16.9% |
5+ Bedrooms | $940K | $955.5K | +1.7% |
Summary: Tracy housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in Tracy, CA
How many homes are available in Tracy, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
90 | 106 | +17.8% |
Summary: The Tracy real estate market had 106 homes for sale in May 2024, a 17.8% 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 | 4 | 4 | 0.0% |
3 Bedrooms | 24 | 27 | +12.5% |
4 Bedrooms | 47 | 55 | +17.0% |
5+ Bedrooms | 15 | 20 | +33.3% |
Summary: The Tracy 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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 36 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Tracy in May 2024, up by 20.0% month-over-month. Of the 31 sold homes, 16% were sold under asking, 16% were sold at asking, and 68% were sold over asking.
Days on Market for Tracy, CA
How long does it take to sell a home in Tracy, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 15 Days | -1.3% |
Summary: Homes in Tracy had an average of 15 days on market in May 2024, down by 1.3% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 36 homes were sold in Tracy; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.