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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hercules is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Hercules, CA

How much do homes in Hercules, CA cost?

Median Sold Price

$760,000

$450/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$64,000(-7.8%)

Key Takeaway

Homes in Hercules have sold for 7.8% less than they did a year ago.

Summary: The median home sold price in Hercules was $760,000 in May 2024, down 7.8% from last year, and the median price per square foot was $450.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $360K$362K
+0.6%
2 $480K$499K
+4.0%
3 $753K$750K
-0.4%
4 $929.9K$901K
-3.1%
5+ $950K$1.1M
+17.4%

Summary: Hercules housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 17.4%.

Median Sold Price Compared To Nearby Cities

Rodeo
+5.0%
West Contra Costa
+0.7%
Briones
+0.7%
Pinole
0.0%
Hercules
-7.8%

Housing Supply in Hercules, CA

How many homes are available in Hercules, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4348+11.6%

Summary: The Hercules real estate market had 48 homes for sale in May 2024, a 11.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1515
0.0%
3 1418
+28.6%
4 1011
+10.0%
5+ 44
0.0%

Summary: The Hercules 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 remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1415+7.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hercules, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Hercules in May 2024, up by 7.1% month-over-month. Of the 13 sold homes, 8% were sold under asking, 31% were sold at asking, and 62% were sold over asking.

Days on Market for Hercules, CA

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

Average Sale Time

May 2023May 2024CHANGE
31 Days14 Days-52.7%

Summary: Homes in Hercules had an average of 14 days on market in May 2024, down by 52.7% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 15 homes were sold in Hercules; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% 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 19 Days Ago

Newest Listings in Hercules, CA

Nearby Markets to Hercules, CA

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