Is Redding, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Redding has remained a Seller's Market.
Key Takeaway
Redding is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Redding, CA
How much do homes in Redding, CA cost?
Median Sold Price
$398,379
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Redding have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Redding was $398,379 in March 2024, up 1.5% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.9K | $197K | +31.4% |
| 2 Bedrooms | $270K | $255K | -5.6% |
| 3 Bedrooms | $377.1K | $380.7K | +0.9% |
| 4 Bedrooms | $476.5K | $505K | +6.0% |
| 5+ Bedrooms | $727K | $640.2K | -11.9% |
Summary: Redding housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.4%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 11.9%.
Median Sold Price Compared To Nearby Cities
| Redding | $392.6K | $398.3K | +1.5% |
| Shasta Lake | $297K | $290K | -2.4% |
| Palo Cedro | $567.5K | $552K | -2.7% |
Housing Supply in Redding, CA
How many homes are available in Redding, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 354 | 404 | +14.1% |
Summary: The Redding real estate market had 404 homes for sale in March 2024, a 14.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 41 | 47 | +14.6% |
| 3 Bedrooms | 191 | 214 | +12.0% |
| 4 Bedrooms | 107 | 120 | +12.1% |
| 5+ Bedrooms | 14 | 22 | +57.1% |
Summary: The Redding 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 14.6%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 74 | 107 | +44.6% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redding, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 107 homes were sold or pending in Redding in March 2024, up by 44.6% month-over-month. Of the 107 sold homes, 53% were sold under asking, 21% were sold at asking, and 25% were sold over asking.
Days on Market for Redding, CA
How long does it take to sell a home in Redding, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 81 Days | 82 Days | +1.2% |
Summary: Homes in Redding had an average of 82 days on market in Mar 2024, up by 1.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
64 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Redding has remained consistent over time.
Summary: During March 2024, 107 homes were sold in Redding; 10% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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