Is Stockton, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stockton is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Stockton has remained a Seller's Market.

Key Takeaway

Stockton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Stockton, CA

How much do homes in Stockton, CA cost?

Median Sold Price

$504,900

$272/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$30,100(-5.6%)

Key Takeaway

Homes in Stockton have sold for 5.6% less than they did a month ago.

Summary: The median home sold price in Stockton was $504,900 in November 2024, down 5.6% from last month, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $156K$165K
+5.8%
2 $332.5K$201K
-39.5%
3 $535.9K$474.5K
-11.5%
4 $512.5K$559.9K
+9.3%
5+ $634.9K$674.8K
+6.3%

Summary: Stockton housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes decreased by 39.5%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 6.3%.

Housing Supply in Stockton, CA

How many homes are available in Stockton, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
175165-5.7%

Summary: The Stockton real estate market had 165 homes for sale in November 2024, a 5.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 2123
+9.5%
3 6666
0.0%
4 5853
-8.6%
5+ 2721
-22.2%

Summary: The Stockton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
34340.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stockton, expect to pay close to the asking price. 45.2% of homes here sold near the asking price last month.

Summary: A total of 34 homes were sold or pending in Stockton in November 2024, the same as the previous month. Of the 31 sold homes, 23% were sold under asking, 45% were sold at asking, and 32% were sold over asking.

Days on Market for Stockton, CA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
37 Days34 Days-7.9%

Summary: Homes in Stockton had an average of 34 days on market in Nov 2024, down by 7.9% compared to last month.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

9 Homes Were 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 Stockton has remained consistent over time.

Summary: During November 2024, 34 homes were sold in Stockton; 24% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 3% 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 17 Days Ago

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