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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central Shasta is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Central Shasta was a Seller's Market.

Key Takeaway

Central Shasta is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Central Shasta, CA

How much do homes in Central Shasta, CA cost?

Median Sold Price

$330,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$10,000(-2.9%)

Key Takeaway

Homes in Central Shasta have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in Central Shasta was $330,000 in November 2024, down 2.9% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $176.3K$197.5K
+12.0%
2 $278.5K$260K
-6.6%
3 $339.5K$335K
-1.3%
4 $642K$465K
-27.6%
5+ $850K$591.5K
-30.4%

Summary: Central Shasta housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 27.6%, and 5+ bedroom homes decreased by 30.4%.

Housing Supply in Central Shasta, CA

How many homes are available in Central Shasta, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
119128+7.6%

Summary: The Central Shasta real estate market had 128 homes for sale in November 2024, a 7.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 78
+14.3%
2 1921
+10.5%
3 6267
+8.1%
4 2225
+13.6%
5+ 97
-22.2%

Summary: The Central Shasta housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
919+111.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Central Shasta, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Central Shasta in November 2024, up by 111.1% month-over-month. Of the 19 sold homes, 53% were sold under asking, 37% were sold at asking, and 11% were sold over asking.

Days on Market for Central Shasta, CA

How long does it take to sell a home in Central Shasta, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
101 Days140 Days+38.9%

Summary: Homes in Central Shasta had an average of 140 days on market in Nov 2024, up by 38.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Central Shasta are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 19 homes were sold in Central Shasta; 11% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 53% 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 17 Days Ago

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