Newly released data from Realtor.com for August shows that potential buyers and sellers in Shasta County saw lower home sale prices than the previous month's median of $375,000.
The median home sold for $360,000, an analysis of data from Realtor.com shows. That means August, the most recent month for which figures are available, was down 4% from July.
Compared to August 2023, the median home sales price was down 1.9% compared to $367,000.
Realtor.com sources sales data from real estate deeds, resulting in a few months' delay in the data. The statistics don't include homes currently listed for sale and aren't directly comparable to listings data.
Information on your local housing market, along with other useful community data, is available at data.redding.com.
Here is a breakdown on median sale prices:
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Looking only at single-family homes, the $359,500 median selling price in Shasta County was down 4.1% in August from $375,000 the month prior. Since August 2023, the sales price of single-family homes was down 2% from a median of $367,000.One single family home sold for $1 million or more during the month, compared to one recorded transactions of at least $1 million in August 2023.
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Condominiums and townhomes increased by 20.1% in sales price during August to a median of $370,000 from $308,000 in July. Compared to August 2023, the sales price of condominiums and townhomes was down 3.3% from $382,750. One condominium or townhouse sold for $1 million or more during the month, compared to two recorded transactions of at least $1 million in August 2023.
About recorded home sales in Shasta County in California
In August, the number of recorded sales in Shasta County dropped by 15.8% since August 2023 — from 184 to 155. All residential home sales totaled $60.4 million.
Across California, homes sold at a median of $739,998 during August, down 0.9% from $747,031 in July. There were 26,557 recorded sales across the state during August, down 5.7% from 28,173 recorded sales in August 2023.
Here's a breakdown for the full state:
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The total value of recorded residential home sales in California increased by 4.1% from $32.2 billion in July to $33.6 billion this August.
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Out of all residential home sales in California, 32.34% of homes sold for at least $1 million in August, up from 30.66% in August 2023.
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Sales prices of single-family homes across California decreased by 0.4% from a median of $750,000 in July to $746,663 in August. Since August 2023, the sales price of single-family homes across the state was up 4.3% from $716,014.
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Across the state, the sales price of condominiums and townhomes dropped 0.1% from a median of $725,000 in July to $724,030 during August. The median sales price of condominiums and townhomes is up 5.7% from the median of $684,974 in August 2023.