$4,750 Closing Credit*
$400,000
1,406 SqFt
3 Beds
•2 Full Baths
Jared A Chaffin, Listing Office: Relevant Real Estate
Is Redding, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Redding has remained a Seller's Market.
Key Takeaway
Redding is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Redding, CA
How much do homes in Redding, CA cost?
Median Sold Price
$395,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,858(+1.2%)
Key Takeaway
Homes in Redding have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Redding was $395,000 in October 2024, up 1.2% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $196.5K | $238K | +21.1% |
| 2 Bedrooms | $280K | $265K | -5.4% |
| 3 Bedrooms | $375K | $388K | +3.5% |
| 4 Bedrooms | $480K | $514.1K | +7.1% |
| 5+ Bedrooms | $715K | $632K | -11.6% |
Summary: Redding housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.1%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 11.6%.
Median Sold Price Compared To Nearby Cities
| Shasta Lake | $285K | $299.4K | +5.1% |
| Redding | $390.1K | $395K | +1.2% |
Housing Supply in Redding, CA
How many homes are available in Redding, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 458 | 481 | +5.0% |
Summary: The Redding real estate market had 481 homes for sale in October 2024, a 5.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 51 | 44 | -13.7% |
| 3 Bedrooms | 265 | 284 | +7.2% |
| 4 Bedrooms | 116 | 124 | +6.9% |
| 5+ Bedrooms | 24 | 28 | +16.7% |
Summary: The Redding housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 13.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 101 | +8.6% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redding, you may be able to get a good deal. 47% of homes here sold below asking price last month.
Summary: A total of 101 homes were sold or pending in Redding in October 2024, up by 8.6% month-over-month. Of the 100 sold homes, 47% were sold under asking, 27% were sold at asking, and 26% were sold over asking.
Days on Market for Redding, CA
How long does it take to sell a home in Redding, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 84 Days | 78 Days | -7.1% |
Summary: Homes in Redding had an average of 78 days on market in Oct 2024, down by 7.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
57 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Redding has remained consistent over time.
Summary: During October 2024, 101 homes were sold in Redding; 12% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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