Is Galt, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Galt is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Galt was a Neutral Market.

Key Takeaway

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

Housing Prices in Galt, CA

How much do homes in Galt, CA cost?

Median Sold Price

$597,619

$302/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$47,619(+8.7%)

Key Takeaway

Homes in Galt have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Galt was $597,619 in November 2024, up 8.7% from last year, and the median price per square foot was $302.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $560K-
N/A
3 $508.2K$566.2K
+11.4%
4 $579.6K$619.5K
+6.9%
5+ -$678.5K
N/A

Summary: Galt 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 did not change, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes did not change.

Housing Supply in Galt, CA

How many homes are available in Galt, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2518-28.0%

Summary: The Galt real estate market had 18 homes for sale in November 2024, a 28.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 23
+50.0%
4 2013
-35.0%
5+ 32
-33.3%

Summary: The Galt 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 35%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Galt, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Galt in November 2024, up by 40.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Galt, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
7 Days51 Days+633.3%

Summary: Homes in Galt had an average of 51 days on market in Nov 2024, up by 633.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Galt has remained consistent over time.

Summary: During November 2024, 7 homes were sold in Galt; 0% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Galt, CA

Nearby Markets to Galt, CA