Is Central Contra Costa, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central Contra Costa is a seller's market

Buyer's
Market

Difference Since September 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

$1,017,277

$622/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$56,107(+5.8%)

Key Takeaway

Homes in Central Contra Costa have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Central Contra Costa was $1,017,277 in September 2024, up 5.8% from last year, and the median price per square foot was $622.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $345K$369.4K
+7.1%
2 $613.8K$608.3K
-0.9%
3 $916.5K$929.2K
+1.4%
4 $1.4M$1.5M
+3.9%
5+ $1.9M$2.1M
+10.5%

Summary: Central Contra Costa housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 10.5%.

Median Sold Price Compared To Nearby Cities

Walnut Creek
+7.1%
Central Contra Costa
+5.8%
Pleasant Hill
+5.2%
Concord
+1.5%
Lafayette
-2.4%

Housing Supply in Central Contra Costa, CA

How many homes are available in Central Contra Costa, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1,4321,530+6.8%

Summary: The Central Contra Costa real estate market had 1,530 homes for sale in September 2024, a 6.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 8185
+4.9%
2 357407
+14.0%
3 398398
0.0%
4 423442
+4.5%
5+ 173198
+14.5%

Summary: The Central Contra Costa housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 14%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 14.5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
457375-17.9%

Asking Price vs. Sold Price

156 Homes Were Sold
Under Asking

55 Homes Were Sold
At Asking

133 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Central Contra Costa, you may be able to get a good deal. 45.3% of homes here sold below asking price last month.

Summary: A total of 375 homes were sold or pending in Central Contra Costa in September 2024, down by 17.9% month-over-month. Of the 344 sold homes, 45% were sold under asking, 16% were sold at asking, and 39% 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

Sep 2023Sep 2024CHANGE
18 Days30 Days+62.6%

Summary: Homes in Central Contra Costa had an average of 30 days on market in Sep 2024, up by 62.6% compared to last year.

Breakdown of Home Sale Times

237 Homes Were Sold
Under 30 Days

113 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Central Contra Costa are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 375 homes were sold in Central Contra Costa; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

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