Is Southwest Shasta, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southwest Shasta is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Southwest Shasta has remained a Buyer's Market.

Key Takeaway

Southwest Shasta is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Southwest Shasta, CA

How much do homes in Southwest Shasta, CA cost?

Median Sold Price

$434,000

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$73,500(-14.5%)

Key Takeaway

Homes in Southwest Shasta have sold for 14.5% less than they did a year ago.

Summary: The median home sold price in Southwest Shasta was $434,000 in October 2024, down 14.5% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$164.7K
N/A
2 $199K$299.9K
+50.7%
3 $400K$412.5K
+3.1%
4 $712K$633K
-11.1%
5+ $586.4K$478K
-18.5%

Summary: Southwest Shasta housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 50.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 18.5%.

Housing Supply in Southwest Shasta, CA

How many homes are available in Southwest Shasta, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1719+11.8%

Summary: The Southwest Shasta real estate market had 19 homes for sale in October 2024, a 11.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 78
+14.3%
4 57
+40.0%
5+ 22
0.0%

Summary: The Southwest Shasta 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 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southwest Shasta, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Southwest Shasta in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Southwest Shasta, CA

How long does it take to sell a home in Southwest Shasta, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days124 Days+203.7%

Summary: Homes in Southwest Shasta had an average of 124 days on market in Oct 2024, up by 203.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Southwest Shasta has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Southwest Shasta; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 16 Days Ago

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