$9,358 Closing Credit*
$788,000
928 SqFt
2 Beds
•2 Full Baths
Cathy Robles, Listing Office: American Lighthouse Estates Inc
Is Central East, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Central East was a Seller's Market.
Key Takeaway
Central East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central East, CA
How much do homes in Central East, CA cost?
Median Sold Price
$1,196,791
$946/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,791(+4.1%)
Key Takeaway
Homes in Central East have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Central East was $1,196,791 in October 2024, up 4.1% from last year, and the median price per square foot was $946.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $710K | $715K | +0.7% |
| 2 Bedrooms | $1.1M | $1.1M | -2.1% |
| 3 Bedrooms | $1.5M | $1.5M | -0.3% |
| 4 Bedrooms | $1.9M | $1.7M | -8.7% |
| 5+ Bedrooms | $1.7M | $1.7M | 0.0% |
Summary: Central East housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes did not change.
Housing Supply in Central East, CA
How many homes are available in Central East, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 505 | 529 | +4.8% |
Summary: The Central East real estate market had 529 homes for sale in October 2024, a 4.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 155 | 160 | +3.2% |
| 2 Bedrooms | 194 | 200 | +3.1% |
| 3 Bedrooms | 90 | 97 | +7.8% |
| 4 Bedrooms | 36 | 38 | +5.6% |
| 5+ Bedrooms | 30 | 34 | +13.3% |
Summary: The Central East housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 73 | +30.4% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
30 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. 49.3% of homes here sold below asking price last month.
Summary: A total of 73 homes were sold or pending in Central East in October 2024, up by 30.4% month-over-month. Of the 73 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 40 Days | +3.3% |
Summary: Homes in Central East had an average of 40 days on market in Oct 2024, up by 3.3% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
6 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 October 2024, 73 homes were sold in Central East; 52% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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