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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Redding is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in North Redding, CA

How much do homes in North Redding, CA cost?

Median Sold Price

$400,000

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$13,362(-3.2%)

Key Takeaway

Homes in North Redding have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in North Redding was $400,000 in October 2024, down 3.2% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $205K-
N/A
2 $253K$257.5K
+1.8%
3 $419.5K$400K
-4.6%
4 $505K$525K
+4.0%
5+ $575K$712.7K
+24.0%

Summary: North Redding housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 24%.

Housing Supply in North Redding, CA

How many homes are available in North Redding, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8081+1.3%

Summary: The North Redding real estate market had 81 homes for sale in October 2024, a 1.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 5250
-3.8%
4 2122
+4.8%
5+ 12
+100.0%

Summary: The North Redding housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1623+43.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Redding, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in North Redding in October 2024, up by 43.8% month-over-month. Of the 23 sold homes, 39% were sold under asking, 22% were sold at asking, and 39% were sold over asking.

Days on Market for North Redding, CA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
86 Days74 Days-13.6%

Summary: Homes in North Redding had an average of 74 days on market in Oct 2024, down by 13.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

13 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 North Redding has remained consistent over time.

Summary: During October 2024, 23 homes were sold in North Redding; 13% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 30% 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 4 Days Ago

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