$8,609 Closing Credit*
$725,000
614 SqFt
1 Bed
•1 Full Bath
#424084372, Michael R Brizzolara, Listing Office: March Properties
Is Central East, 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 East has remained a Seller's Market.
Key Takeaway
Central East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central East, CA
How much do homes in Central East, CA cost?
Median Sold Price
$1,193,500
$946/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,270(+3.5%)
Key Takeaway
Homes in Central East have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Central East was $1,193,500 in November 2024, up 3.5% from last year, and the median price per square foot was $946.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $708.7K | $720K | +1.6% |
| 2 Bedrooms | $1.1M | $1.1M | -1.6% |
| 3 Bedrooms | $1.5M | $1.6M | +3.2% |
| 4 Bedrooms | $1.9M | $1.7M | -8.7% |
| 5+ Bedrooms | $1.8M | $1.7M | -8.1% |
Summary: Central East housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 8.1%.
Housing Supply in Central East, CA
How many homes are available in Central East, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 505 | 462 | -8.5% |
Summary: The Central East real estate market had 462 homes for sale in November 2024, a 8.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 145 | 141 | -2.8% |
| 2 Bedrooms | 205 | 191 | -6.8% |
| 3 Bedrooms | 95 | 77 | -18.9% |
| 4 Bedrooms | 34 | 28 | -17.6% |
| 5+ Bedrooms | 26 | 25 | -3.8% |
Summary: The Central East housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.8%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 90 | +20.0% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central East, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.
Summary: A total of 90 homes were sold or pending in Central East in November 2024, up by 20.0% month-over-month. Of the 90 sold homes, 49% were sold under asking, 10% were sold at asking, and 41% were sold over asking.
Days on Market for Central East, CA
How long does it take to sell a home in Central East, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 60 Days | +7.9% |
Summary: Homes in Central East had an average of 60 days on market in Nov 2024, up by 7.9% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central East are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 90 homes were sold in Central East; 47% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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