Is East Contra Costa, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Contra Costa is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, East Contra Costa has remained a Seller's Market.

Key Takeaway

East Contra Costa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in East Contra Costa, CA

How much do homes in East Contra Costa, CA cost?

Median Sold Price

$757,829

$362/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,607(+2.8%)

Key Takeaway

Homes in East Contra Costa have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in East Contra Costa was $757,829 in October 2024, up 2.8% from last year, and the median price per square foot was $362.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $380K$730K
+92.1%
2 $650K$650K
0.0%
3 $659.6K$675K
+2.3%
4 $753.3K$790K
+4.9%
5+ $860K$907.5K
+5.5%

Summary: East Contra Costa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 92.1%, 2 bedroom homes did not change, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Cities

Brentwood
+5.9%
East Contra Costa
+2.8%
Oakley
+1.5%

Housing Supply in East Contra Costa, CA

How many homes are available in East Contra Costa, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
503516+2.6%

Summary: The East Contra Costa real estate market had 516 homes for sale in October 2024, a 2.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 5159
+15.7%
3 170158
-7.1%
4 187201
+7.5%
5+ 9397
+4.3%

Summary: The East Contra Costa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 15.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 4.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
117143+22.2%

Asking Price vs. Sold Price

60 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

45 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Contra Costa, you may be able to get a good deal. 46.5% of homes here sold below asking price last month.

Summary: A total of 143 homes were sold or pending in East Contra Costa in October 2024, up by 22.2% month-over-month. Of the 129 sold homes, 47% were sold under asking, 19% were sold at asking, and 35% were sold over asking.

Days on Market for East Contra Costa, CA

How long does it take to sell a home in East Contra Costa, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days32 Days-16.6%

Summary: Homes in East Contra Costa had an average of 32 days on market in Oct 2024, down by 16.6% compared to last year.

Breakdown of Home Sale Times

93 Homes Were Sold
Under 30 Days

40 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Contra Costa are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 143 homes were sold in East Contra Costa; 65% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 4% 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 16 Days Ago

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