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 September 2023

Since last year, Produce and Waterfront has remained a Buyer's 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

$655,000

$561/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$75,000(+12.9%)

Key Takeaway

Homes in Produce and Waterfront have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in Produce and Waterfront was $655,000 in September 2024, up 12.9% from last year, and the median price per square foot was $561.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $469K$527.5K
+12.5%
2 $785K$742.9K
-5.4%
3 $820K$839K
+2.3%
4 --
N/A
5+ --
N/A

Summary: Produce and Waterfront housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 2.3%, 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

Aug 2024Sep 2024CHANGE
2939+34.5%

Summary: The Produce and Waterfront real estate market had 39 homes for sale in September 2024, a 34.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1923
+21.1%
2 916
+77.8%
3 10
-100.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Produce and Waterfront housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.1%, 2 bedroom homes increased by 77.8%, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 4 homes were sold or pending in Produce and Waterfront in September 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
130 Days48 Days-62.5%

Summary: Homes in Produce and Waterfront had an average of 48 days on market in Sep 2024, down by 62.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 Produce and Waterfront has remained consistent over time.

Summary: During September 2024, 4 homes were sold in Produce and Waterfront; 25% of homes were sold within 30 days, 75% 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 26 Days Ago

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