Is West Contra Costa, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Contra Costa is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, West Contra Costa has remained a Seller's Market.

Key Takeaway

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

Housing Prices in West Contra Costa, CA

How much do homes in West Contra Costa, CA cost?

Median Sold Price

$720,000

$516/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$4,875(+0.7%)

Key Takeaway

Homes in West Contra Costa have sold for 0.7% more than they did a year ago.

Summary: The median home sold price in West Contra Costa was $720,000 in May 2024, up 0.7% from last year, and the median price per square foot was $516.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $399.4K$385K
-3.6%
2 $564.3K$593.5K
+5.2%
3 $720K$720K
0%
4 $855K$850K
-0.6%
5+ $940K$1.1M
+23.7%

Summary: West Contra Costa housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 5.2%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 23.7%.

Median Sold Price Compared To Nearby Cities

Rodeo
+5.0%
West Contra Costa
+0.7%
Briones
+0.7%
Pinole
0.0%
Hercules
-7.8%

Housing Supply in West Contra Costa, CA

How many homes are available in West Contra Costa, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
413460+11.4%

Summary: The West Contra Costa real estate market had 460 homes for sale in May 2024, a 11.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 2119
-9.5%
2 97116
+19.6%
3 188201
+6.9%
4 8594
+10.6%
5+ 2230
+36.4%

Summary: The West Contra Costa housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.5%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 36.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
133142+6.8%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

97 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Contra Costa, you could pay more than the asking price. 73.5% of homes here sold above asking price last month.

Summary: A total of 142 homes were sold or pending in West Contra Costa in May 2024, up by 6.8% month-over-month. Of the 132 sold homes, 16% were sold under asking, 11% were sold at asking, and 73% were sold over asking.

Days on Market for West Contra Costa, CA

How long does it take to sell a home in West Contra Costa, CA?

Average Sale Time

May 2023May 2024CHANGE
25 Days21 Days-15.1%

Summary: Homes in West Contra Costa had an average of 21 days on market in May 2024, down by 15.1% compared to last year.

Breakdown of Home Sale Times

107 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 142 homes were sold in West Contra Costa; 75% of homes were sold within 30 days, 12% 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 20 Days Ago

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