Is Red Bluff, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Red Bluff is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Red Bluff was a Seller's Market.

Key Takeaway

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

Housing Prices in Red Bluff, CA

How much do homes in Red Bluff, CA cost?

Median Sold Price

$330,000

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$22,500(-6.4%)

Key Takeaway

Homes in Red Bluff have sold for 6.4% less than they did a year ago.

Summary: The median home sold price in Red Bluff was $330,000 in November 2024, down 6.4% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $195K$65K
-66.7%
2 $290K$206K
-29.0%
3 $326.2K$357K
+9.4%
4 $408.5K$356.2K
-12.8%
5+ $462.5K$492K
+6.4%

Summary: Red Bluff housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 29%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes increased by 6.4%.

Housing Supply in Red Bluff, CA

How many homes are available in Red Bluff, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9287-5.4%

Summary: The Red Bluff real estate market had 87 homes for sale in November 2024, a 5.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1412
-14.3%
3 5758
+1.8%
4 1612
-25.0%
5+ 44
0.0%

Summary: The Red Bluff housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
157-53.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Red Bluff, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Red Bluff in November 2024, down by 53.3% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Red Bluff, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
80 Days96 Days+19.0%

Summary: Homes in Red Bluff had an average of 96 days on market in Nov 2024, up by 19% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Red Bluff are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 7 homes were sold in Red Bluff; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% 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 2 Days Ago

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