Is Paradise, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Paradise has remained a Seller's Market.
Housing Prices in Paradise, CA
How much do homes in Paradise, CA cost?
Median Sold Price
$429,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Paradise was $429,000 in April 2024, down 2.6% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $269.5K | $287K | +6.5% |
2 Bedrooms | $347.6K | $329K | -5.4% |
3 Bedrooms | $457K | $441.2K | -3.4% |
4 Bedrooms | $630K | $693.7K | +10.1% |
5+ Bedrooms | $607.5K | $849K | +39.8% |
Summary: Paradise housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 39.8%.
Median Sold Price Compared To Nearby Cities
Paradise | $440.4K | $429K | -2.6% |
Magalia | $337K | $310K | -8.0% |
Housing Supply in Paradise, CA
How many homes are available in Paradise, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
100 | 109 | +9.0% |
Summary: The Paradise real estate market had 109 homes for sale in April 2024, a 9.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 23 | +9.5% |
3 Bedrooms | 66 | 71 | +7.6% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Paradise housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 22 | +4.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Paradise in April 2024, up by 4.8% month-over-month. Of the 22 sold homes, 68% were sold under asking, 14% were sold at asking, and 18% were sold over asking.
Days on Market for Paradise, CA
How long does it take to sell a home in Paradise, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
113 Days | 35 Days | -69.0% |
Summary: Homes in Paradise had an average of 35 days on market in Apr 2024, down by 69% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Paradise; 55% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.