How is the Real Estate Market in Redding?
The charts below are updated weekly. If you would like to stay on top of the Redding Real Estate Market feel free to bookmark this page or sign up for our Weekly Real Estate Report. It’s Free and includes all of the latest home sales statistics and market conditions for Redding Real Estate.
Redding Seven Day Market Snapshot.
Please note that the average days on market is the entire time the home is on the market and includes the escrow process and closing. The “Active” time on market is typically much shorter than this.
Redding Median Home Price
The median home price is what we use to determine the “Average” home price. This tends to be more consistent than actually calculating the average home price. This chart is based on the seller’s asking price, not the home values. Below are the home price statistics for Redding over the last 12 months.
Price Per Square Foot in Redding
The price per square foot measurement is the most common tool for calculating a homes value. Appraisers and real estate agents will typically take a neighborhood’s average price per square foot and make adjustments to a the value based on size, amenities, upgrades, lot size etc… Below is a chart showing the median price per square foot in Redding over the last 12 months.
Redding Home Inventory
The total home inventory is used to track how many homes are on the market and if that number is increasing or decreasing. Typically if there are fewer homes on the market sellers are able to get a higher price for their home. As inventory goes up the buyers will have more homes to choose from and can be more aggressive when making offers. Below is a chart showing the number of homes for sale in Redding over the last 12 months.