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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pittsburg is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Pittsburg, CA

How much do homes in Pittsburg, CA cost?

Median Sold Price

$600,000

$371/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$5,100(-0.8%)

Key Takeaway

Homes in Pittsburg have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in Pittsburg was $600,000 in May 2024, down 0.8% from last year, and the median price per square foot was $371.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $304K$262.5K
-13.7%
2 $425K$411K
-3.3%
3 $550K$550K
0.0%
4 $649K$668K
+2.9%
5+ $820K$837.7K
+2.2%

Summary: Pittsburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.7%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Cities

Fairfield-Suisun City
+3.5%
Antioch
+2.5%
Central Contra Costa
+2.1%
Antioch-Pittsburg
+1.4%
Pittsburg
-0.8%

Housing Supply in Pittsburg, CA

How many homes are available in Pittsburg, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
103111+7.8%

Summary: The Pittsburg real estate market had 111 homes for sale in May 2024, a 7.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1313
0.0%
3 4445
+2.3%
4 3136
+16.1%
5+ 1517
+13.3%

Summary: The Pittsburg 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 2.3%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2937+27.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pittsburg, you could pay more than the asking price. 60.6% of homes here sold above asking price last month.

Summary: A total of 37 homes were sold or pending in Pittsburg in May 2024, up by 27.6% month-over-month. Of the 33 sold homes, 24% were sold under asking, 15% were sold at asking, and 61% were sold over asking.

Days on Market for Pittsburg, CA

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

Average Sale Time

May 2023May 2024CHANGE
19 Days19 Days-2.7%

Summary: Homes in Pittsburg had an average of 19 days on market in May 2024, down by 2.7% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 37 homes were sold in Pittsburg; 76% of homes were sold within 30 days, 16% 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 13 Days Ago

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