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

$536,164

$262/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$21,164(+4.1%)

Key Takeaway

Homes in Stockton have sold for 4.1% more than they did a month ago.

Summary: The median home sold price in Stockton was $536,164 in October 2024, up 4.1% from last month, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $247K-
N/A
2 $315.5K$332.5K
+5.4%
3 $485K$535.9K
+10.5%
4 $544.6K$525.2K
-3.6%
5+ $637.2K$634.9K
-0.4%

Summary: Stockton housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 0.4%.

Housing Supply in Stockton, CA

How many homes are available in Stockton, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
167173+3.6%

Summary: The Stockton real estate market had 173 homes for sale in October 2024, a 3.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 64
-33.3%
2 1722
+29.4%
3 6665
-1.5%
4 5158
+13.7%
5+ 2724
-11.1%

Summary: The Stockton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 29.4%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3532-8.6%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stockton, you may be able to get a good deal. 39.3% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in Stockton in October 2024, down by 8.6% month-over-month. Of the 28 sold homes, 39% were sold under asking, 32% were sold at asking, and 29% 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

Sep 2024Oct 2024CHANGE
35 Days33 Days-7.0%

Summary: Homes in Stockton had an average of 33 days on market in Oct 2024, down by 7% compared to last month.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Stockton are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 32 homes were sold in Stockton; 34% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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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