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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coalinga is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Coalinga has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Coalinga, CA

How much do homes in Coalinga, CA cost?

Median Sold Price

$285,000

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$29,256(+11.4%)

Key Takeaway

Homes in Coalinga have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in Coalinga was $285,000 in May 2024, up 11.4% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $452.2K$159K
-64.8%
2 $149K$217K
+45.6%
3 $252K$285K
+13.1%
4 $341K$337.5K
-1.0%
5+ $317.5K$353.9K
+11.5%

Summary: Coalinga housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.8%, 2 bedroom homes increased by 45.6%, 3 bedroom homes increased by 13.1%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 11.5%.

Housing Supply in Coalinga, CA

How many homes are available in Coalinga, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3741+10.8%

Summary: The Coalinga real estate market had 41 homes for sale in May 2024, a 10.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 98
-11.1%
3 1924
+26.3%
4 76
-14.3%
5+ 23
+50.0%

Summary: The Coalinga housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 26.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coalinga, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Coalinga in May 2024, up by 14.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.

Days on Market for Coalinga, CA

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

Average Sale Time

May 2023May 2024CHANGE
120 Days36 Days-69.6%

Summary: Homes in Coalinga had an average of 36 days on market in May 2024, down by 69.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 8 homes were sold in Coalinga; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 23 Days Ago

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