$5,047 Closing Credit*
$425,000
1,500 SqFt
3 Beds
•2 Full Baths
Josh Barker, Listing Office: Josh Barker 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 November 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
$394,989
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,653(+0.7%)
Key Takeaway
Homes in Redding have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Redding was $394,989 in November 2024, up 0.7% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197K | $202.7K | +2.9% |
| 2 Bedrooms | $280K | $265K | -5.3% |
| 3 Bedrooms | $375.1K | $385.7K | +2.8% |
| 4 Bedrooms | $489.5K | $511.5K | +4.5% |
| 5+ Bedrooms | $596.7K | $608K | +1.9% |
Summary: Redding housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Shasta Lake | $289.9K | $302.5K | +4.3% |
| Palo Cedro | $557.5K | $564.9K | +1.3% |
| Redding | $392.3K | $394.9K | +0.7% |
Housing Supply in Redding, CA
How many homes are available in Redding, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 475 | 445 | -6.3% |
Summary: The Redding real estate market had 445 homes for sale in November 2024, a 6.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 51 | 48 | -5.9% |
| 3 Bedrooms | 282 | 255 | -9.6% |
| 4 Bedrooms | 116 | 117 | +0.9% |
| 5+ Bedrooms | 25 | 22 | -12.0% |
Summary: The Redding housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 12%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 107 | 81 | -24.3% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redding, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.
Summary: A total of 81 homes were sold or pending in Redding in November 2024, down by 24.3% month-over-month. Of the 81 sold homes, 52% were sold under asking, 23% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 76 Days | -5.5% |
Summary: Homes in Redding had an average of 76 days on market in Nov 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
50 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Redding has remained consistent over time.
Summary: During November 2024, 81 homes were sold in Redding; 7% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
The listings on this site are displayed courtesy of the IDX program of Shasta Association of REALTORS and may not be the listings of the site owner. All information is deemed reliable but not guaranteed. 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. Properties may or may not be listed by the office/agent presenting the information. 
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. 
Copyright © 2024 by Bay Area Real Estate Information Services, Inc. All rights reserved.