$10,000 Closing Credit*
$2,200,000
7,000 SqFt
7 Beds
•7 Baths
Robert Mitchell, Listing Office: LPT Realty, Inc
Is Sierra, 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, Sierra was a Seller's Market.
Key Takeaway
Sierra is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sierra, CA
How much do homes in Sierra, CA cost?
Median Sold Price
$490,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+8.9%)
Key Takeaway
Homes in Sierra have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Sierra was $490,000 in October 2024, up 8.9% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $228K | -5.0% |
| 2 Bedrooms | $320K | $269K | -15.9% |
| 3 Bedrooms | $427.5K | $429K | 0.4% |
| 4 Bedrooms | $622.5K | $605K | -2.8% |
| 5+ Bedrooms | $949.5K | $925K | -2.6% |
Summary: Sierra housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes decreased by 15.9%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Sierra | $450K | $490K | +8.9% |
| Shaver Lake | $625K | $655K | +4.8% |
| Auberry | $355.5K | $350K | -1.5% |
Housing Supply in Sierra, CA
How many homes are available in Sierra, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 189 | 199 | +5.3% |
Summary: The Sierra real estate market had 199 homes for sale in October 2024, a 5.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 29 | 27 | -6.9% |
| 3 Bedrooms | 83 | 84 | +1.2% |
| 4 Bedrooms | 45 | 52 | +15.6% |
| 5+ Bedrooms | 25 | 29 | +16.0% |
Summary: The Sierra 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 decreased by 6.9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 16%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sierra, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Sierra in October 2024, down by 8.7% month-over-month. Of the 21 sold homes, 71% were sold under asking, 24% were sold at asking, and 5% were sold over asking.
Days on Market for Sierra, CA
How long does it take to sell a home in Sierra, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 55 Days | +7.3% |
Summary: Homes in Sierra had an average of 55 days on market in Oct 2024, up by 7.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sierra has remained consistent over time.
Summary: During October 2024, 21 homes were sold in Sierra; 38% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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.