Is Central East, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Central East has remained a Seller's Market.
Housing Prices in Central East, CA
How much do homes in Central East, CA cost?
Median Sold Price
$1,150,000
$953/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Central East was $1,150,000 in April 2024, down 4.1% from last year, and the median price per square foot was $953.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $770K | $710K | -7.8% |
2 Bedrooms | $1.1M | $1.1M | -4.1% |
3 Bedrooms | $1.5M | $1.6M | +1.5% |
4 Bedrooms | $1.9M | $1.9M | -1.3% |
5+ Bedrooms | $2.1M | $1.6M | -20.4% |
Summary: Central East housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 20.4%.
Housing Supply in Central East, CA
How many homes are available in Central East, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
464 | 459 | -1.1% |
Summary: The Central East real estate market had 459 homes for sale in April 2024, a 1.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 137 | 147 | +7.3% |
2 Bedrooms | 196 | 179 | -8.7% |
3 Bedrooms | 75 | 76 | +1.3% |
4 Bedrooms | 30 | 26 | -13.3% |
5+ Bedrooms | 26 | 31 | +19.2% |
Summary: The Central East housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.3%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 19.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 91 | +9.6% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 91 homes were sold or pending in Central East in April 2024, up by 9.6% month-over-month. Of the 91 sold homes, 44% were sold under asking, 12% were sold at asking, and 44% were sold over asking.
Days on Market for Central East, CA
How long does it take to sell a home in Central East, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 60 Days | +12.3% |
Summary: Homes in Central East had an average of 60 days on market in Apr 2024, up by 12.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 91 homes were sold in Central East; 5% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.