Is Central & West Redding, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central & West Redding is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Central & West Redding was a Seller's Market.

Key Takeaway

Central & West Redding is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Central & West Redding, CA

How much do homes in Central & West Redding, CA cost?

Median Sold Price

$379,000

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$8,000(-2.1%)

Key Takeaway

Homes in Central & West Redding have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in Central & West Redding was $379,000 in November 2024, down 2.1% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $190.5K$167.5K
-12.1%
2 $280K$253.5K
-9.5%
3 $390K$387K
-0.8%
4 $491K$441K
-10.2%
5+ $647.5K$540K
-16.6%

Summary: Central & West Redding housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.1%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes decreased by 16.6%.

Housing Supply in Central & West Redding, CA

How many homes are available in Central & West Redding, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8886-2.3%

Summary: The Central & West Redding real estate market had 86 homes for sale in November 2024, a 2.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 02
+100.0%
2 1312
-7.7%
3 4847
-2.1%
4 2020
0.0%
5+ 75
-28.6%

Summary: The Central & West Redding housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1712-29.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Central & West Redding, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Central & West Redding in November 2024, down by 29.4% month-over-month. Of the 12 sold homes, 33% were sold under asking, 25% were sold at asking, and 42% were sold over asking.

Days on Market for Central & West Redding, CA

How long does it take to sell a home in Central & West Redding, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
62 Days63 Days+1.3%

Summary: Homes in Central & West Redding had an average of 63 days on market in Nov 2024, up by 1.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Central & West Redding has remained consistent over time.

Summary: During November 2024, 12 homes were sold in Central & West Redding; 8% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 17% 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 3 Days Ago

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