Is Tracy, 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, Tracy has remained a Seller's Market.
Housing Prices in Tracy, CA
How much do homes in Tracy, CA cost?
Median Sold Price
$800,000
$370/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tracy was $800,000 in March 2024, up 6% from last year, and the median price per square foot was $370.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $410K | $392.5K | -4.3% |
3 Bedrooms | $625K | $618K | -1.1% |
4 Bedrooms | $805K | $834K | +3.6% |
5+ Bedrooms | $960K | $953K | -0.7% |
Summary: Tracy 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 4.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 0.7%.
Housing Supply in Tracy, CA
How many homes are available in Tracy, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 69 | +30.2% |
Summary: The Tracy real estate market had 69 homes for sale in March 2024, a 30.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 21 | 16 | -23.8% |
4 Bedrooms | 21 | 35 | +66.7% |
5+ Bedrooms | 9 | 17 | +88.9% |
Summary: The Tracy housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 88.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 25 | +92.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Tracy in March 2024, up by 92.3% month-over-month. Of the 23 sold homes, 22% were sold under asking, 13% were sold at asking, and 65% were sold over asking.
Days on Market for Tracy, CA
How long does it take to sell a home in Tracy, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 16 Days | -44.2% |
Summary: Homes in Tracy had an average of 16 days on market in Mar 2024, down by 44.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Tracy; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.