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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hercules is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Hercules, CA

How much do homes in Hercules, CA cost?

Median Sold Price

$750,000

$450/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$40,000(-5.1%)

Key Takeaway

Homes in Hercules have sold for 5.1% less than they did a year ago.

Summary: The median home sold price in Hercules was $750,000 in November 2024, down 5.1% from last year, and the median price per square foot was $450.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $349K$351K
+0.6%
2 $500K$480K
-4.0%
3 $753K$730K
-3.1%
4 $905K$910K
+0.6%
5+ $1.0M$1.0M
+5.5%

Summary: Hercules housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Cities

Rodeo
+2.9%
West Contra Costa
-2.7%
Pinole
-2.8%
Hercules
-5.1%
Briones
-9.5%

Housing Supply in Hercules, CA

How many homes are available in Hercules, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4846-4.2%

Summary: The Hercules real estate market had 46 homes for sale in November 2024, a 4.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 1615
-6.3%
3 1815
-16.7%
4 1212
0.0%
5+ 23
+50.0%

Summary: The Hercules housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1018+80.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hercules, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Hercules in November 2024, up by 80.0% month-over-month. Of the 17 sold homes, 29% were sold under asking, 18% were sold at asking, and 53% were sold over asking.

Days on Market for Hercules, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days32 Days-10.4%

Summary: Homes in Hercules had an average of 32 days on market in Nov 2024, down by 10.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 18 homes were sold in Hercules; 50% of homes were sold within 30 days, 44% 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 Hercules, CA

Nearby Markets to Hercules, CA

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