Is Produce and Waterfront, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Produce and Waterfront is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Produce and Waterfront was a Neutral Market.

Key Takeaway

Produce and Waterfront is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Produce and Waterfront, CA

How much do homes in Produce and Waterfront, CA cost?

Median Sold Price

$499,000

$546/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$181,000(-26.6%)

Key Takeaway

Homes in Produce and Waterfront have sold for 26.6% less than they did a month ago.

Summary: The median home sold price in Produce and Waterfront was $499,000 in November 2024, down 26.6% from last month, and the median price per square foot was $546.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $380K$499K
+31.3%
2 $791.5K-
N/A
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Produce and Waterfront housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 31.3%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Produce and Waterfront, CA

How many homes are available in Produce and Waterfront, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3130-3.2%

Summary: The Produce and Waterfront real estate market had 30 homes for sale in November 2024, a 3.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1615
-6.3%
2 1414
0.0%
3 11
0.0%
4 00
0.0%
5+ 00
0.0%

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

Number of Homes Sold

Oct 2024Nov 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

0 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 Produce and Waterfront, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Produce and Waterfront in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for Produce and Waterfront, CA

How long does it take to sell a home in Produce and Waterfront, CA?

Average Sale Time

Oct 2024Nov 2024CHANGE
54 Days87 Days+58.8%

Summary: Homes in Produce and Waterfront had an average of 87 days on market in Nov 2024, up by 58.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 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 Produce and Waterfront has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Produce and Waterfront; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 21 Days Ago

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