Is Reedley, 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, Reedley has remained a Seller's Market.
Housing Prices in Reedley, CA
How much do homes in Reedley, CA cost?
Median Sold Price
$393,917
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Reedley was $393,917 in April 2024, up 6.5% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | - | N/A |
2 Bedrooms | $250K | $235K | -6.0% |
3 Bedrooms | $344K | $369K | +7.3% |
4 Bedrooms | $391.3K | $417.5K | +6.7% |
5+ Bedrooms | $436.4K | $438.9K | +0.6% |
Summary: Reedley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 0.6%.
Housing Supply in Reedley, CA
How many homes are available in Reedley, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 49 | +14.0% |
Summary: The Reedley real estate market had 49 homes for sale in April 2024, a 14.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 21 | 22 | +4.8% |
4 Bedrooms | 13 | 17 | +30.8% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Reedley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Reedley in April 2024, the same as the previous month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for Reedley, CA
How long does it take to sell a home in Reedley, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 46 Days | +0.9% |
Summary: Homes in Reedley had an average of 46 days on market in Apr 2024, up by 0.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Reedley; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.