Is North Central, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Central is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, North Central has remained a Seller's Market.

Key Takeaway

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

Housing Prices in North Central, CA

How much do homes in North Central, CA cost?

Median Sold Price

$570,000

$805/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$555,000(-49.3%)

Key Takeaway

Homes in North Central have sold for 49.3% less than they did a month ago.

Summary: The median home sold price in North Central was $570,000 in September 2024, down 49.3% from last month, and the median price per square foot was $805.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 $600K$565.8K
-5.7%
2 $1.0M$650K
-40.1%
3 $1.5M$1.5M
+1.3%
4 $2.1M-
N/A
5+ $1.7M-
N/A

Summary: North Central housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes decreased by 40.1%, 3 bedroom homes increased by 1.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in North Central, CA

How many homes are available in North Central, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2324+4.3%

Summary: The North Central real estate market had 24 homes for sale in September 2024, a 4.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 77
0.0%
2 812
+50.0%
3 64
-33.3%
4 11
0.0%
5+ 10
-100.0%

Summary: The North Central 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 increased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Central, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in North Central in September 2024, down by 33.3% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for North Central, CA

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

Average Sale Time

Aug 2024Sep 2024CHANGE
10 Days47 Days+364.7%

Summary: Homes in North Central had an average of 47 days on market in Sep 2024, up by 364.7% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 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 North Central has remained consistent over time.

Summary: During September 2024, 6 homes were sold in North Central; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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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