Is Central, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Central has remained a Seller's Market.
Housing Prices in Central, CA
How much do homes in Central, CA cost?
Median Sold Price
$652,000
$447/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Central was $652,000 in May 2024, up 3.5% from last year, and the median price per square foot was $447.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $317.7K | $322K | +1.3% |
2 Bedrooms | $555K | $585K | +5.4% |
3 Bedrooms | $630K | $672.5K | +6.7% |
4 Bedrooms | $675K | $710K | +5.2% |
5+ Bedrooms | $825K | $888K | +7.6% |
Summary: Central housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Neighborhoods
Central | $630K | $652K | +3.5% |
Hobson Park West | $600K | $605K | +0.8% |
Housing Supply in Central, CA
How many homes are available in Central, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 41 | +7.9% |
Summary: The Central real estate market had 41 homes for sale in May 2024, a 7.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 17 | 16 | -5.9% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Central housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 14 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Central in May 2024, up by 100.0% month-over-month. Of the 14 sold homes, 21% were sold under asking, 21% were sold at asking, and 57% were sold over asking.
Days on Market for Central, CA
How long does it take to sell a home in Central, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 61 Days | +49.1% |
Summary: Homes in Central had an average of 61 days on market in May 2024, up by 49.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Central; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.