The median sale price of a home sold in the fourth quarter of 2023 in Contra Costa County was unchanged, while total sales increased by 10.2%, according to BlockShopper.com.
From October through December of 2023, 1,939 homes were sold in the county, with sale prices around $755,000. This median price remained the same as during the same period in 2022, when there were 1,759 homes sold.
The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market’s value in 2000.
“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.
The following histogram displays changes in median sales prices in Contra Costa County from October 2022 to December 2023.
