Is Red Bluff, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Red Bluff is a buyer's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Red Bluff was a Seller's Market.

Key Takeaway

Red Bluff is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Red Bluff, CA

How much do homes in Red Bluff, CA cost?

Median Sold Price

$350,000

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$35,100(+11.1%)

Key Takeaway

Homes in Red Bluff have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Red Bluff was $350,000 in June 2024, up 11.1% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $195K$65K
-66.7%
2 $235K$259.5K
+10.4%
3 $307K$355.5K
+15.8%
4 $439.9K$370K
-15.9%
5+ $320K$700K
+118.8%

Summary: Red Bluff housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes increased by 118.8%.

Housing Supply in Red Bluff, CA

How many homes are available in Red Bluff, CA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
102106+3.9%

Summary: The Red Bluff real estate market had 106 homes for sale in June 2024, a 3.9% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 22
0.0%
2 1215
+25.0%
3 6061
+1.7%
4 2220
-9.1%
5+ 68
+33.3%

Summary: The Red Bluff housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Red Bluff, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Red Bluff in June 2024, up by 20.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.

Days on Market for Red Bluff, CA

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

Average Sale Time

Jun 2023Jun 2024CHANGE
110 Days90 Days-17.6%

Summary: Homes in Red Bluff had an average of 90 days on market in Jun 2024, down by 17.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Red Bluff has remained consistent over time.

Summary: During June 2024, 12 homes were sold in Red Bluff; 8% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 42% 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 21 Days Ago

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