Is Stockton, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stockton is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Stockton has remained a Seller's Market.

Key Takeaway

Stockton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Stockton, CA

How much do homes in Stockton, CA cost?

Median Sold Price

$485,900

$284/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$20,900(+4.5%)

Key Takeaway

Homes in Stockton have sold for 4.5% more than they did a month ago.

Summary: The median home sold price in Stockton was $485,900 in May 2024, up 4.5% from last month, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 $170K$175K
+2.9%
2 $278K$332.5K
+19.6%
3 $422.5K$483K
+14.3%
4 $557.4K$543K
-2.6%
5+ $628.9K$588.9K
-6.4%

Summary: Stockton housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 6.4%.

Median Sold Price Compared To Nearby Cities

Stockton
+4.5%
Thornton
+0.7%

Housing Supply in Stockton, CA

How many homes are available in Stockton, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
151155+2.6%

Summary: The Stockton real estate market had 155 homes for sale in May 2024, a 2.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 32
-33.3%
2 1621
+31.3%
3 4958
+18.4%
4 5445
-16.7%
5+ 2929
0.0%

Summary: The Stockton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 18.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
3332-3.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stockton, expect to pay close to the asking price. 34.5% of homes here sold near the asking price last month.

Summary: A total of 32 homes were sold or pending in Stockton in May 2024, down by 3.0% month-over-month. Of the 29 sold homes, 31% were sold under asking, 34% were sold at asking, and 34% were sold over asking.

Days on Market for Stockton, CA

How long does it take to sell a home in Stockton, CA?

Average Sale Time

Apr 2024May 2024CHANGE
61 Days38 Days-38.0%

Summary: Homes in Stockton had an average of 38 days on market in May 2024, down by 38% compared to last month.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Stockton are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 32 homes were sold in Stockton; 53% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Stockton, CA

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