Is Shasta Lake, 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, Shasta Lake has remained a Seller's Market.
Housing Prices in Shasta Lake, CA
How much do homes in Shasta Lake, CA cost?
Median Sold Price
$290,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Shasta Lake was $290,000 in March 2024, down 2.4% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80.1K | $120K | +49.8% |
2 Bedrooms | $237K | $247K | +4.2% |
3 Bedrooms | $305K | $315K | +3.3% |
4 Bedrooms | $512.4K | $305K | -40.5% |
5+ Bedrooms | - | $425K | N/A |
Summary: Shasta Lake housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.8%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 40.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Redding | $392.6K | $398.3K | +1.5% |
Shasta Lake | $297K | $290K | -2.4% |
Housing Supply in Shasta Lake, CA
How many homes are available in Shasta Lake, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 38 | +26.7% |
Summary: The Shasta Lake real estate market had 38 homes for sale in March 2024, a 26.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Shasta Lake housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 12 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Shasta Lake in March 2024, up by 300.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Shasta Lake, CA
How long does it take to sell a home in Shasta Lake, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 93 Days | +62.9% |
Summary: Homes in Shasta Lake had an average of 93 days on market in Mar 2024, up by 62.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Shasta Lake; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.