California

<p>The average <a href="https://www.realtytrac.com/market-trends/stockton-ca/">property value in Stockton</a> shows interesting fluctuations with month-over-month changes. Notably, there was a peak in May 2024 at $402,500, which slightly dipped to $399,900 by June 2024. An initial rise from $430,500 in July 2023 followed by these subtle fluctuations suggests a degree of volatility in property values, yet they remain relatively stable over the long term.</p>
<p>Average sale prices in Stockton have maintained a generally upward trajectory over the considered months. Starting from <strong>$424k</strong> in July 2023, the prices climbed steadily, reaching <strong>$437k</strong> by June 2024. This rising trend underscores a growing market potentially spurred by demand or improved market conditions conducive to higher sale prices.</p>
<p>Here is a snapshot view of June compared to July last year</p>
<table class="sc-7568d94b-0 lffsHh">
<thead class="sc-7568d94b-1 fnNaKO">
<tr class="sc-7568d94b-4 fHMrnc">
<th class="sc-7568d94b-2 hTsliE"></th>
<th class="sc-7568d94b-2 hTsliE">Jul 2023</th>
<th class="sc-7568d94b-2 hTsliE">June 2024</th>
<th class="sc-7568d94b-2 hTsliE">Change</th>
</tr>
</thead>
<tbody class="sc-7568d94b-3 jhbPdf">
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Listing Price</td>
<td class="sc-7568d94b-5 eqHQXK">$430.5K</td>
<td class="sc-7568d94b-5 eqHQXK">$399.9K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-7.11%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Sold Price</td>
<td class="sc-7568d94b-5 eqHQXK">$423.9K</td>
<td class="sc-7568d94b-5 eqHQXK">$437K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">3.09%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes For Sale</td>
<td class="sc-7568d94b-5 eqHQXK">50</td>
<td class="sc-7568d94b-5 eqHQXK">65</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">30.00%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes Sold</td>
<td class="sc-7568d94b-5 eqHQXK">2,725</td>
<td class="sc-7568d94b-5 eqHQXK">2,665</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-2.20%</span></td>
</tr>
</tbody>
</table>
<h3>Property and Sold Property Count Trends</h3>
<p>The number of properties available on the market displayed some irregularities, rising from 61 in March 2024 to 65 by June 2024. Sold property counts, on the other hand, have shown a decrease from 2830 in August 2023 to 2665 by June 2024. This contrast between available and sold properties might indicate changes in buying behavior or market saturation levels.</p>
<h3>Comparative Analysis with Nearby Cities</h3>
<p>Comparing Stockton to neighboring cities such as <a href="https://www.realtytrac.com/market-trends/lathrop-ca/">Lathrop</a>, Manteca, <a href="https://www.realtytrac.com/market-trends/lodi-ca/">Lodi</a>, and Discovery Bay reveals a broader perspective on region-specific market health.</p>
<ul>
<li>Lathrop’s average property values in June 2024 stood at $749,000, significantly higher than Stockton’s $399,900. Similarly, the average sale prices and sold property counts in these cities show marked differences, illustrating varied market dynamics within close geographic proximity.</li>
</ul>
<p>This comparative analysis helps in understanding Stockton’s positioning in the broader real estate landscape, potentially affecting investor interest and buyer decisions within and around these cities. By monitoring these <a href="https://www.realtytrac.com/market-trends/">trends</a>, stakeholders can better navigate their investment strategies or homebuying plans with a more data-driven approach.</p>
<p>Overall, the Stockton real estate market shows resilience and dynamic shifts that mirror wider economic conditions and local factors. Buyers, sellers, and investors should continue to monitor these trends closely to optimize their real estate decisions effectively.</p>


Market Reports

Market Trend Report For Bakersfield, California – March 2024

Stockton Housing Market Comparably Affordable Amid Rising California Prices – January 2024 Report

Stockton Real Estate Report: Average Values See Minor Dip as June 2024 Sale Prices Climb

Stockton, CA’s real estate market depicts fluctuating trends: Avg property values slightly volatile but fairly stable, avg sale prices rising, and sold property counts decreasing.

Stockton Real Estate Report: Average Values See Minor Dip as June 2024 Sale Prices Climb - RealtyTrac

Comment

https://www.realtytrac.com/wp-content/uploads/2024/07/Real-Estate-Report-Stockton-CA.png

Resource

RealtyTrac

Manuel is an expert in all things real estate, including buying and flipping homes.

https://secure.gravatar.com/avatar/017e3eb9b2b2815da5c9c544f2b2cb568f9de91a1fb2c8168ec7e918e3971cee?s=96&d=mm&r=g

Manuel Martinez

Alabama

Mobile Property Values Climb Amidst Market Volatility in May 2024

Mobile, AL real estate experienced rising property values, fluctuating sale prices, and increased per square foot value from June 2023 to May 2024.

Mobile Property Values Climb Amidst Market Volatility in May 2024 - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/06/Mobile-Alabama-Real-Estate-Market-Report-April-2024.png

Santa Fe Real Estate Values Slide While Per-Square-Foot Prices Hold Steady Through 2023-2024

Santa Fe’s real estate market saw average property values drop but maintained stable sale prices per sqft, with a sales peak in Feb 2024. Nearby cities showed diverse trends, with Lamy having high-value, low-volume sales and Los Alamos showing increasing values.

Santa Fe Real Estate Values Slide While Per-Square-Foot Prices Hold Steady Through 2023-2024 - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/06/Santa-Fe-Market-Report-April-2024.png

Strategies and insights for real estate wholesale transactions

Wholesale

Worried face on egg

Real Estate Guides

House auction

The Dos and Don'ts of Bidding at a Real Estate Auction

Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers

Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.

Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/03/Worried-face-on-egg.jpg

Stockton Real Estate Report: Average Values See Minor Dip as June 2024 Sale Prices Climb

$617,000

$884,700

$720,000