Is Dana Drive / Northeast Redding, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dana Drive / Northeast Redding is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Dana Drive / Northeast Redding has remained a Seller's Market.

Key Takeaway

Dana Drive / Northeast Redding is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Dana Drive / Northeast Redding, CA

How much do homes in Dana Drive / Northeast Redding, CA cost?

Median Sold Price

$385,000

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$10,000(-2.5%)

Key Takeaway

Homes in Dana Drive / Northeast Redding have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in Dana Drive / Northeast Redding was $385,000 in December 2024, down 2.5% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $367K$375.7K
+2.4%
3 $377.9K$368K
-2.6%
4 $450K$409K
-9.1%
5+ $652.5K$487.5K
-25.3%

Summary: Dana Drive / Northeast Redding housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 25.3%.

Housing Supply in Dana Drive / Northeast Redding, CA

How many homes are available in Dana Drive / Northeast Redding, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4344+2.3%

Summary: The Dana Drive / Northeast Redding real estate market had 44 homes for sale in December 2024, a 2.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 77
0.0%
3 2020
0.0%
4 1415
+7.1%
5+ 22
0.0%

Summary: The Dana Drive / Northeast 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dana Drive / Northeast Redding, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Dana Drive / Northeast Redding in December 2024, up by 12.5% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.

Days on Market for Dana Drive / Northeast Redding, CA

How long does it take to sell a home in Dana Drive / Northeast Redding, CA?

Average Sale Time

Dec 2023Dec 2024CHANGE
50 Days84 Days+66.9%

Summary: Homes in Dana Drive / Northeast Redding had an average of 84 days on market in Dec 2024, up by 66.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 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 Dana Drive / Northeast Redding has remained consistent over time.

Summary: During December 2024, 9 homes were sold in Dana Drive / Northeast Redding; 22% of homes were sold within 30 days, 44% 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 2 Days Ago

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