The median sale price of a home sold in the third quarter of 2023 in Contra Costa County fell by $12,500, while total sales decreased by 13.3%, according to BlockShopper.com.
From July through September of 2023, 2,183 homes were sold in the county, with sale prices around $775,000. This is a 1.6% decrease from the $787,500 median sale price during the same period in 2022, when there were 2,518 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 July 2022 to September 2023.
