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

Housing Market Conditions



Gauge showing Coalinga is a seller'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



Based on all homes sold in the last 12 months.

Difference Since May 2023


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
2 $149K$217K
3 $252K$285K
4 $341K$337.5K
5+ $317.5K$353.9K

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

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
2 98
3 1924
4 76
5+ 23

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

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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