Is Walnut Creek, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Walnut Creek is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Walnut Creek has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Walnut Creek, CA

How much do homes in Walnut Creek, CA cost?

Median Sold Price

$878,200

$603/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$48,985(+5.9%)

Key Takeaway

Homes in Walnut Creek have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Walnut Creek was $878,200 in May 2024, up 5.9% from last year, and the median price per square foot was $603.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $349K$380K
+8.9%
2 $616.5K$630.3K
+2.2%
3 $1.1M$1.2M
+2.0%
4 $1.5M$1.5M
+3.0%
5+ $1.8M$1.8M
0.5%

Summary: Walnut Creek housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 0.5%.

Median Sold Price Compared To Nearby Cities

Walnut Creek
+5.9%
Pleasant Hill
+3.6%
Concord
+3.2%
Central Contra Costa
+2.1%
Lafayette
-6.6%

Housing Supply in Walnut Creek, CA

How many homes are available in Walnut Creek, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
353388+9.9%

Summary: The Walnut Creek real estate market had 388 homes for sale in May 2024, a 9.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 5457
+5.6%
2 168168
0.0%
3 6477
+20.3%
4 4352
+20.9%
5+ 2434
+41.7%

Summary: The Walnut Creek housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.6%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 41.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
113114+0.9%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

58 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Walnut Creek, you could pay more than the asking price. 52.7% of homes here sold above asking price last month.

Summary: A total of 114 homes were sold or pending in Walnut Creek in May 2024, up by 0.9% month-over-month. Of the 110 sold homes, 30% were sold under asking, 17% were sold at asking, and 53% were sold over asking.

Days on Market for Walnut Creek, CA

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

Average Sale Time

May 2023May 2024CHANGE
18 Days21 Days+19.4%

Summary: Homes in Walnut Creek had an average of 21 days on market in May 2024, up by 19.4% compared to last year.

Breakdown of Home Sale Times

90 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 114 homes were sold in Walnut Creek; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 4% 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 19 Days Ago

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