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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Patterson is a seller's market

Buyer's
Market

Difference Since January 2022

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

Key Takeaway

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

How much do homes in Patterson, CA cost?

Median Sold Price

$550,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$20,000(+3.8%)

Key Takeaway

Homes in Patterson have sold for 3.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 -$242.5K
N/A
2 $260K-
N/A
3 $422K$455K
+7.8%
4 $529K$560K
+5.9%
5+ $580K$572.5K
-1.3%

How many homes are available in Patterson, CA?

Number of Homes For Sale

Dec 2022Jan 2023%
65-16.7%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 31
-66.7%
5+ 23
+50.0%

Number of Homes Sold

Dec 2022Jan 2023%
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Patterson, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
43 Days74 Days+70.1%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Patterson, CA

There are 5 homes are for sale in Patterson, CA real estate market. The inventory of homes for sale in Patterson, CA between December 2022 and January 2023 decreased by 16.7%. In January 2023, listings were on the market for 74 days. During the same period, the median list price in this real estate market was $550,000. From December 2022 through January 2023, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties increased by 7.8%, prices of 4 bedrooms properties went up by 5.9%, 5 bedrooms properties prices decreased by 1.3%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes remained the same, number of 4 bedrooms homes decreased by 66.7%, 5 bedrooms homes became 50% more available. In January 2023, from all listings sold in Patterson, CA there were more than 1 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.