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 seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Central & West Redding has remained a Seller's Market.

Key Takeaway

Central & West Redding is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Central & West Redding, CA

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

Median Sold Price

$381,480

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$1,480(+0.4%)

Key Takeaway

The sold price of homes in Central & West Redding has remained the same since last year.

Summary: The median home sold price in Central & West Redding was $381,480 in September 2024, up 0.4% from last year, and the median price per square foot was $249.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $190.5K$167.5K
-12.1%
2 $281.5K$249.5K
-11.4%
3 $380K$387.5K
+2.0%
4 $456.5K$441K
-3.4%
5+ $755K$555K
-26.5%

Summary: Central & West Redding housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.1%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 26.5%.

Housing Supply in Central & West Redding, CA

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

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
89890.0%

Summary: The Central & West Redding real estate market had 89 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 32
-33.3%
2 1914
-26.3%
3 3545
+28.6%
4 2523
-8.0%
5+ 75
-28.6%

Summary: The Central & West Redding housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 26.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1815-16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 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. 46.7% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Central & West Redding in September 2024, down by 16.7% month-over-month. Of the 15 sold homes, 20% were sold under asking, 33% were sold at asking, and 47% 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

Sep 2023Sep 2024CHANGE
64 Days69 Days+8.1%

Summary: Homes in Central & West Redding had an average of 69 days on market in Sep 2024, up by 8.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

3 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 September 2024, 15 homes were sold in Central & West Redding; 7% of homes were sold within 30 days, 73% of homes were sold within 30 to 90 days, and 20% 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 26 Days Ago

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