Is Redding, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$393,962
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Redding has remained the same since last year.
Summary: The median home sold price in Redding was $393,962 in April 2024, down 0.2% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.9K | $217.5K | +25.8% |
| 2 Bedrooms | $270.5K | $255K | -5.7% |
| 3 Bedrooms | $379.3K | $380K | 0.2% |
| 4 Bedrooms | $475K | $505K | +6.3% |
| 5+ Bedrooms | $717K | $652K | -9.1% |
Summary: Redding housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.8%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 9.1%.
Median Sold Price Compared To Nearby Cities
| Redding | $394.9K | $393.9K | -0.2% |
| Palo Cedro | $560K | $552K | -1.4% |
| Shasta Lake | $298K | $289.5K | -2.9% |
Housing Supply in Redding, CA
How many homes are available in Redding, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 399 | 444 | +11.3% |
Summary: The Redding real estate market had 444 homes for sale in April 2024, a 11.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 46 | 51 | +10.9% |
| 3 Bedrooms | 219 | 247 | +12.8% |
| 4 Bedrooms | 112 | 115 | +2.7% |
| 5+ Bedrooms | 21 | 28 | +33.3% |
Summary: The Redding housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 111 | 108 | -2.7% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redding, you may be able to get a good deal. 40.7% of homes here sold below asking price last month.
Summary: A total of 108 homes were sold or pending in Redding in April 2024, down by 2.7% month-over-month. Of the 108 sold homes, 41% were sold under asking, 25% were sold at asking, and 34% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 76 Days | 82 Days | +8.2% |
Summary: Homes in Redding had an average of 82 days on market in Apr 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
53 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 April 2024, 108 homes were sold in Redding; 21% of homes were sold within 30 days, 49% 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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