Is Contra Costa County, 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, Contra Costa County has remained a Seller's Market.
Key Takeaway
Contra Costa County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Contra Costa County, CA
How much do homes in Contra Costa County, CA cost?
Median Sold Price
$799,710
$515/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Contra Costa County have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Contra Costa County was $799,710 in March 2024, down 1.6% from last year, and the median price per square foot was $515.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $362.5K | -3.3% |
| 2 Bedrooms | $585.3K | $595.8K | +1.8% |
| 3 Bedrooms | $761.9K | $756.1K | -0.8% |
| 4 Bedrooms | $1.0M | $1.0M | -0.3% |
| 5+ Bedrooms | $1.3M | $1.2M | -2.3% |
Summary: Contra Costa County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Counties
| Alameda County | $1.1M | $1.0M | -0.3% |
| Contra Costa County | $813.1K | $799.7K | -1.6% |
| Solano County | $581.2K | $569.4K | -2.0% |
Housing Supply in Contra Costa County, CA
How many homes are available in Contra Costa County, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,864 | 2,222 | +19.2% |
Summary: The Contra Costa County real estate market had 2,222 homes for sale in March 2024, a 19.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 71 | 93 | +31.0% |
| 2 Bedrooms | 435 | 502 | +15.4% |
| 3 Bedrooms | 603 | 706 | +17.1% |
| 4 Bedrooms | 536 | 625 | +16.6% |
| 5+ Bedrooms | 219 | 296 | +35.2% |
Summary: The Contra Costa County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 35.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 568 | 653 | +15.0% |
Asking Price vs. Sold Price
141 Homes Were Sold
Under Asking
88 Homes Were Sold
At Asking
381 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Contra Costa County, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 653 homes were sold or pending in Contra Costa County in March 2024, up by 15.0% month-over-month. Of the 610 sold homes, 23% were sold under asking, 14% were sold at asking, and 62% were sold over asking.
Days on Market for Contra Costa County, CA
How long does it take to sell a home in Contra Costa County, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 20 Days | -24.1% |
Summary: Homes in Contra Costa County had an average of 20 days on market in Mar 2024, down by 24.1% compared to last year.
Breakdown of Home Sale Times
513 Homes Were Sold
Under 30 Days
87 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Contra Costa County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 653 homes were sold in Contra Costa County; 79% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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