$4,156 Closing Credit*
$350,000
934 SqFt
2 Beds
•1 Full Bath, 1 Partial
Bob Jacques, Listing Office: Keller Williams Realty Riv
Is Central City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Central City has remained a Seller's Market.
Key Takeaway
Central City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central City, CA
How much do homes in Central City, CA cost?
Median Sold Price
$683,830
$440/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$53,830(+8.5%)
Key Takeaway
Homes in Central City have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Central City was $683,830 in November 2024, up 8.5% from last year, and the median price per square foot was $440.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $324K | $333K | +2.8% |
| 2 Bedrooms | $447.3K | $475K | +6.2% |
| 3 Bedrooms | $610K | $675.9K | +10.8% |
| 4 Bedrooms | $705K | $758K | +7.5% |
| 5+ Bedrooms | $779.1K | $795.2K | +2.1% |
Summary: Central City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Corona Hills | $662.2K | $730K | +10.2% |
| South Corona | $825K | $900K | +9.1% |
| Central City | $630K | $683.8K | +8.5% |
| North Corona | $697.5K | $725K | +3.9% |
Housing Supply in Central City, CA
How many homes are available in Central City, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 91 | 79 | -13.2% |
Summary: The Central City real estate market had 79 homes for sale in November 2024, a 13.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 16 | 13 | -18.8% |
| 3 Bedrooms | 33 | 28 | -15.2% |
| 4 Bedrooms | 31 | 26 | -16.1% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Central City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 19 | -29.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central City, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Central City in November 2024, down by 29.6% month-over-month. Of the 19 sold homes, 32% were sold under asking, 21% were sold at asking, and 47% were sold over asking.
Days on Market for Central City, CA
How long does it take to sell a home in Central City, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 31 Days | +42.3% |
Summary: Homes in Central City had an average of 31 days on market in Nov 2024, up by 42.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in Central City; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.