March 2022 real estate market highlights
Homes in Stockton sold for an average of $450,000 in March, a 5% increase from the previous month. This is the highest homes have cost in Stockton yet. Competition is increasing slightly month over month across most metrics as homes sell for increasingly higher than list price and in less and less time. Inventory increased in March after sellers listed 315 homes and sold 283.
The average single family home in Stockton, CA was $450,000 in March. Prices have increased every month since the beginning of the year.
Homes were listed for an average of $449,000 in March, up $2,000 for the month from February.
The sale-to-list-price ratio is up slightly from February, meaning that the average home sold for above asking price. On average, a home went for about 3% above list price.
In March, the number of homes that sellers put on the market outpaced the number of homes sold. That means inventory was up, making Stockton a buyer's market.
Homes sold in an average of 8 days in Stockton in both March and February, down from 15 at the beginning of the year.
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