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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Redding is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in East Redding, CA

How much do homes in East Redding, CA cost?

Median Sold Price

$376,250

$244/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$1,283(+0.3%)

Key Takeaway

The sold price of homes in East Redding has remained the same since last year.

Summary: The median home sold price in East Redding was $376,250 in November 2024, up 0.3% from last year, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$262.5K
N/A
2 $254K$245K
-3.5%
3 $340K$340K
0.0%
4 $484.5K$546.4K
+12.8%
5+ $512.5K$654.9K
+27.8%

Summary: East Redding housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 27.8%.

Housing Supply in East Redding, CA

How many homes are available in East Redding, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
125122-2.4%

Summary: The East Redding real estate market had 122 homes for sale in November 2024, a 2.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 98
-11.1%
3 8076
-5.0%
4 3135
+12.9%
5+ 53
-40.0%

Summary: The East Redding housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2127+28.6%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Redding, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in East Redding in November 2024, up by 28.6% month-over-month. Of the 27 sold homes, 59% were sold under asking, 15% were sold at asking, and 26% were sold over asking.

Days on Market for East Redding, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
82 Days72 Days-12.3%

Summary: Homes in East Redding had an average of 72 days on market in Nov 2024, down by 12.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

18 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 East Redding has remained consistent over time.

Summary: During November 2024, 27 homes were sold in East Redding; 7% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 26% 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 18 Days Ago

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