Is Southwest Shasta, 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, Southwest Shasta has remained a Seller's Market.
Key Takeaway
Southwest Shasta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwest Shasta, CA
How much do homes in Southwest Shasta, CA cost?
Median Sold Price
$400,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Southwest Shasta have sold for 7.2% less than they did a year ago.
Summary: The median home sold price in Southwest Shasta was $400,000 in March 2024, down 7.2% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $95.5K | N/A |
| 2 Bedrooms | $258.5K | $115K | -55.5% |
| 3 Bedrooms | $415K | $395K | -4.8% |
| 4 Bedrooms | $581.2K | $718.5K | +23.6% |
| 5+ Bedrooms | $540K | $550K | +1.9% |
Summary: Southwest Shasta housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 55.5%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in Southwest Shasta, CA
How many homes are available in Southwest Shasta, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The Southwest Shasta real estate market had 13 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southwest Shasta 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Shasta, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Southwest Shasta in March 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Southwest Shasta, CA
How long does it take to sell a home in Southwest Shasta, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 126 Days | 138 Days | +9.1% |
Summary: Homes in Southwest Shasta had an average of 138 days on market in Mar 2024, up by 9.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Southwest Shasta are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 3 homes were sold in Southwest Shasta; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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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