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 December 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

$379,000

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$7,600(-2.0%)

Key Takeaway

Homes in Central & West Redding have sold for 2% less than they did a year ago.

Summary: The median home sold price in Central & West Redding was $379,000 in December 2024, down 2% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $190.5K$167.5K
-12.1%
2 $280K$260K
-7.1%
3 $390K$386K
-1.0%
4 $490K$440K
-10.2%
5+ $555K$525K
-5.4%

Summary: Central & West Redding housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.1%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes decreased by 5.4%.

Housing Supply in Central & West Redding, CA

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

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
7967-15.2%

Summary: The Central & West Redding real estate market had 67 homes for sale in December 2024, a 15.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 115
-54.5%
3 4335
-18.6%
4 1922
+15.8%
5+ 43
-25.0%

Summary: The Central & West Redding housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 54.5%, 3 bedroom homes decreased by 18.6%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1221+75.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Central & West Redding, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Central & West Redding in December 2024, up by 75.0% month-over-month. Of the 21 sold homes, 67% were sold under asking, 19% were sold at asking, and 14% 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

Dec 2023Dec 2024CHANGE
64 Days78 Days+22.1%

Summary: Homes in Central & West Redding had an average of 78 days on market in Dec 2024, up by 22.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

7 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 December 2024, 21 homes were sold in Central & West Redding; 19% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 33% 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 6 Days Ago

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