Is Central Contra Costa, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central Contra Costa is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Central Contra Costa has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Central Contra Costa, CA

How much do homes in Central Contra Costa, CA cost?

Median Sold Price

$1,001,816

$616/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$29,539(+3.0%)

Key Takeaway

Homes in Central Contra Costa have sold for 3% more than they did a year ago.

Summary: The median home sold price in Central Contra Costa was $1,001,816 in June 2024, up 3% from last year, and the median price per square foot was $616.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $350K$370K
+5.7%
2 $608.2K$608.6K
0.1%
3 $922.7K$926.2K
0.4%
4 $1.4M$1.5M
+2.4%
5+ $2.0M$2.1M
+5.0%

Summary: Central Contra Costa housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 5%.

Median Sold Price Compared To Nearby Cities

Pleasant Hill
+6.3%
Walnut Creek
+3.9%
Concord
+3.9%
Central Contra Costa
+3.0%
Lafayette
-5.3%

Housing Supply in Central Contra Costa, CA

How many homes are available in Central Contra Costa, CA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1,5701,629+3.8%

Summary: The Central Contra Costa real estate market had 1,629 homes for sale in June 2024, a 3.8% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 8997
+9.0%
2 345358
+3.8%
3 451460
+2.0%
4 461500
+8.5%
5+ 224214
-4.5%

Summary: The Central Contra Costa housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 4.5%.

Number of Homes Sold

May 2024Jun 2024CHANGE
541464-14.2%

Asking Price vs. Sold Price

132 Homes Were Sold
Under Asking

68 Homes Were Sold
At Asking

233 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Central Contra Costa, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 464 homes were sold or pending in Central Contra Costa in June 2024, down by 14.2% month-over-month. Of the 433 sold homes, 30% were sold under asking, 16% were sold at asking, and 54% were sold over asking.

Days on Market for Central Contra Costa, CA

How long does it take to sell a home in Central Contra Costa, CA?

Average Sale Time

Jun 2023Jun 2024CHANGE
17 Days20 Days+17.2%

Summary: Homes in Central Contra Costa had an average of 20 days on market in Jun 2024, up by 17.2% compared to last year.

Breakdown of Home Sale Times

355 Homes Were Sold
Under 30 Days

89 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 464 homes were sold in Central Contra Costa; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 2% 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 18 Days Ago

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