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.
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
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
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
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.