Is South Redding, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Redding is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, South Redding was a Seller's Market.

Key Takeaway

South Redding 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 South Redding, CA

How much do homes in South Redding, CA cost?

Median Sold Price

$395,000

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,000(+11.3%)

Key Takeaway

Homes in South Redding have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in South Redding was $395,000 in November 2024, up 11.3% from last year, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $85K-
N/A
2 $214.5K$266.1K
+24.1%
3 $345K$395K
+14.5%
4 $432.5K$490K
+13.3%
5+ $455K$514.5K
+13.1%

Summary: South Redding housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 13.1%.

Housing Supply in South Redding, CA

How many homes are available in South Redding, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4945-8.2%

Summary: The South Redding real estate market had 45 homes for sale in November 2024, a 8.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 4138
-7.3%
4 64
-33.3%
5+ 11
0.0%

Summary: The South Redding 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 increased by 100%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Redding, 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 South Redding in November 2024, down by 36.4% month-over-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 South Redding, CA

How long does it take to sell a home in South Redding, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
72 Days92 Days+26.7%

Summary: Homes in South Redding had an average of 92 days on market in Nov 2024, up by 26.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in South Redding 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 South Redding; 0% of homes were sold within 30 days, 43% 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 21 Days Ago

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