$1,663 Closing Credit*
$140,000
982 SqFt
2 Beds
•2 Full Baths
Drew Wahlund, Listing Office: Wahlund & Co. Realty Group
Is Shasta Lake, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Shasta Lake was a Seller's Market.
Key Takeaway
Shasta Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Shasta Lake, CA
How much do homes in Shasta Lake, CA cost?
Median Sold Price
$299,450
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,450(+5.1%)
Key Takeaway
Homes in Shasta Lake have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Shasta Lake was $299,450 in October 2024, up 5.1% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $150K | +25.0% |
| 2 Bedrooms | $245K | $242K | -1.2% |
| 3 Bedrooms | $298K | $324.9K | +9.0% |
| 4 Bedrooms | $428K | $351.5K | -17.9% |
| 5+ Bedrooms | $395K | $373.7K | -5.4% |
Summary: Shasta Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Shasta Lake | $285K | $299.4K | +5.1% |
| Redding | $390.1K | $395K | +1.2% |
Housing Supply in Shasta Lake, CA
How many homes are available in Shasta Lake, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 48 | +54.8% |
Summary: The Shasta Lake real estate market had 48 homes for sale in October 2024, a 54.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 20 | 31 | +55.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Shasta Lake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 55%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shasta Lake, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Shasta Lake in October 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Shasta Lake, CA
How long does it take to sell a home in Shasta Lake, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 88 Days | 78 Days | -10.7% |
Summary: Homes in Shasta Lake had an average of 78 days on market in Oct 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Shasta Lake has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Shasta Lake; 0% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 29% 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.