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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Contra Costa is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in East Contra Costa, CA

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

Median Sold Price

$750,000

$351/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$10,000(-1.3%)

Key Takeaway

Homes in East Contra Costa have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in East Contra Costa was $750,000 in March 2024, down 1.3% from last year, and the median price per square foot was $351.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $395K$380K
-3.8%
2 $659.5K$650K
-1.4%
3 $675K$675K
0.0%
4 $799.4K$778.6K
-2.6%
5+ $910K$890K
-2.2%

Summary: East Contra Costa housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 2.2%.

Median Sold Price Compared To Nearby Cities

Oakley
+1.3%
East Contra Costa
-1.3%
Brentwood
-1.8%

Housing Supply in East Contra Costa, CA

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

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
312370+18.6%

Summary: The East Contra Costa real estate market had 370 homes for sale in March 2024, a 18.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 4862
+29.2%
3 95111
+16.8%
4 111128
+15.3%
5+ 5869
+19.0%

Summary: The East Contra Costa housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 29.2%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 19%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
8381-2.4%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Contra Costa, you could pay more than the asking price. 53.9% of homes here sold above asking price last month.

Summary: A total of 81 homes were sold or pending in East Contra Costa in March 2024, down by 2.4% month-over-month. Of the 76 sold homes, 29% were sold under asking, 17% were sold at asking, and 54% were sold over asking.

Days on Market for East Contra Costa, CA

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

Average Sale Time

Mar 2023Mar 2024CHANGE
40 Days22 Days-43.7%

Summary: Homes in East Contra Costa had an average of 22 days on market in Mar 2024, down by 43.7% compared to last year.

Breakdown of Home Sale Times

61 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 81 homes were sold in East Contra Costa; 75% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% 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 22 Days Ago

Newest Listings in East Contra Costa, CA

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