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 September 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

$387,852

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$5,147(-1.3%)

Key Takeaway

Homes in Dana Drive / Northeast Redding have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Dana Drive / Northeast Redding was $387,852 in September 2024, down 1.3% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $317.5K-
N/A
2 $367K$366.5K
-0.1%
3 $385K$376K
-2.3%
4 $438.7K$415K
-5.4%
5+ $545K$515K
-5.5%

Summary: Dana Drive / Northeast Redding housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.1%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 5.5%.

Median Sold Price Compared To Nearby Neighborhoods

Dana Drive / Northeast Redding
-1.3%
Ravenwood Estates
-5.6%

Housing Supply in Dana Drive / Northeast Redding, CA

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

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4144+7.3%

Summary: The Dana Drive / Northeast Redding real estate market had 44 homes for sale in September 2024, a 7.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 75
-28.6%
3 2125
+19.0%
4 1112
+9.1%
5+ 22
0.0%

Summary: The Dana Drive / Northeast Redding housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
611+83.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dana Drive / Northeast Redding, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Dana Drive / Northeast Redding in September 2024, up by 83.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% 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

Sep 2023Sep 2024CHANGE
60 Days62 Days+2.5%

Summary: Homes in Dana Drive / Northeast Redding had an average of 62 days on market in Sep 2024, up by 2.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 September 2024, 11 homes were sold in Dana Drive / Northeast Redding; 27% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 9% 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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