Modesto, CA
Housing Market
Modesto's housing market is dynamic, with home prices and demand constantly shifting. Houzeo's housing market report monitors these fluctuations, providing real-time insights into Modesto's supply and demand trends. Our report equips you with all the information you need to make well-informed decisions.
Verified Data
Updated Monthly
Fast Insights
Real-time Analytics
Last updated
Overview
Supply
Demand
Buy or SellModesto Housing Market Overview
The Modesto housing market caters to diverse preferences and budgets. The current median sale price in the city stands at $458,000, a 4.1% increase compared to last year. Home sales are on the decline, with 100 homes sold this month—a 10.7% YoY drop. However, properties typically sell quickly, staying on the market for just 29 days, which highlights the high demand in the area.
Modesto has seen consistent growth in property values, fueled by its growing economy and proximity to both agricultural areas and urban amenities. The city's real estate market is an important component of California's economy, attracting a mix of local and out-of-state buyers. Known for its central location and family-friendly atmosphere, Modesto offers a balance of suburban living, as well as access to major cities like Stockton and San Francisco. Sellers can thrive in this market by pricing their properties competitively, and emphasizing features that make their homes stand out.
Modesto has seen consistent growth in property values, fueled by its growing economy and proximity to both agricultural areas and urban amenities. The city's real estate market is an important component of California's economy, attracting a mix of local and out-of-state buyers. Known for its central location and family-friendly atmosphere, Modesto offers a balance of suburban living, as well as access to major cities like Stockton and San Francisco. Sellers can thrive in this market by pricing their properties competitively, and emphasizing features that make their homes stand out.
Median Sale Price
$
0% year-over-year
All Home Types 
1 year
3 year
5 year
Modesto
Modesto Housing Supply
Modesto is an appealing market for real estate investors due to its steady demand and central location in California's agricultural region. Currently, there are 250 homes for sale in Modesto, marking a 52.44% increase from the previous year. Additionally, 189 new listings have entered the market, which provides buyers with more options. With only 1.7 months of supply, the market is very competitive, meaning sellers can negotiate better prices and sell faster.
Typically, Modesto's real estate activity fluctuates with the seasons. During the warmer months, the market tends to see an uptick in new listings, as both buyers and sellers aim to close before the cold sets in. Known for its relaxed lifestyle and proximity to large urban centers, Modesto offers appealing options for those who seek a balance between affordability and accessibility. The historic district and downtown provide a variety of property choices.
Typically, Modesto's real estate activity fluctuates with the seasons. During the warmer months, the market tends to see an uptick in new listings, as both buyers and sellers aim to close before the cold sets in. Known for its relaxed lifestyle and proximity to large urban centers, Modesto offers appealing options for those who seek a balance between affordability and accessibility. The historic district and downtown provide a variety of property choices.
# of Homes for Sale
0% year-over-year
All Home Types
1 year
3 year
5 year
Modesto
Modesto Housing Demand
The city's real estate market currently shows high demand, with 44% of houses in Modesto selling above their list price, signaling a competitive environment. At the same time, 29.8% of homes experience price reductions, which indicates that some sellers have to adjust their pricing strategies. The sale-to-list price ratio stands at 98.6%, so most sellers receive close to their asking price. This ratio determines whether the negotiation power lies with buyers or sellers.
As a seller, it is important to price your home correctly from the start to avoid price reductions. If the market shifts in favor of buyers, offering concessions instead of lowering the asking price can help maintain the value of your home. If the sale-to-list ratio hovers around 100%, expect to receive close to your asking price, although buyers may still try to negotiate lower offers. Buyers, on the other hand, should focus on homes that have been on the market for extended periods. Also, consider properties with previous price reductions, as they may offer more room for negotiation.
As a seller, it is important to price your home correctly from the start to avoid price reductions. If the market shifts in favor of buyers, offering concessions instead of lowering the asking price can help maintain the value of your home. If the sale-to-list ratio hovers around 100%, expect to receive close to your asking price, although buyers may still try to negotiate lower offers. Buyers, on the other hand, should focus on homes that have been on the market for extended periods. Also, consider properties with previous price reductions, as they may offer more room for negotiation.
Homes Sold Above List Price
%0% year-over-year
All Home Types
1 year
3 year
5 year
Modesto
Strong
Buyer
Buyer
Balanced
Seller
Strong
Seller
Buyer’s Market
Seller’s Market
Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.
Modesto Housing Market: When to Buy or Sell?
Modesto's housing market has historically fluctuated between buyer-friendly and seller-friendly conditions. Like the broader California real estate market, the Modesto housing market can favor both buyers and sellers depending on seasonal trends. When competition is low and inventory increases, buyers have more leverage to negotiate. On the contrary, when demand exceeds supply, sellers can enjoy higher prices and quicker sales.
If the months of Modesto's housing supply rise beyond the balanced range of the US real estate market (5 to 6 months), buyers may gain more time to consider their options. Understanding these market forces can help you time your decisions effectively, whether you're buying or selling.
From Hot Trends to Hidden Gems—All in Your Pocket!
The Houzeo app brings the entire real estate journey to your fingertips. Browse, list, and close—anytime, anywhere.
Download the Houzeo Mobile App Now!
Check the Real Estate Trends in Your State
- Alabama Housing Market
- Alaska Housing Market
- Arizona Housing Market
- Arkansas Housing Market
- California Housing Market
- Colorado Housing Market
- Connecticut Housing Market
- Delaware Housing Market
- Florida Housing Market
- Georgia Housing Market
- Hawaii Housing Market
- Idaho Housing Market
- Illinois Housing Market
- Indiana Housing Market
- Iowa Housing Market
- Kansas Housing Market
- Kentucky Housing Market
- Louisiana Housing Market
- Maine Housing Market
- Maryland Housing Market
- Massachusetts Housing Market
- Michigan Housing Market
- Minnesota Housing Market
- Mississippi Housing Market
Show more
Search by Top Cities in California
- San Bruno Housing Market
- Sacramento Housing Market
- Atherton Housing Market
- San Diego Housing Market
- San Francisco Housing Market
- Los Angeles Housing Market
- San Mateo Housing Market
- Carlsbad Housing Market
- Palm Springs Housing Market
- San Jose Housing Market
- Irvine Housing Market
- Oakland Housing Market
- Palo Alto Housing Market
- Santa Barbara Housing Market
- Fresno Housing Market
- Temecula Housing Market
- Santa Cruz Housing Market
- Santa Rosa Housing Market
- Bakersfield Housing Market
- Walnut Creek Housing Market
- Modesto Housing Market
- Laguna Woods Housing Market
Frequently Asked Questions
How have Modesto house prices changed over the past year?
Over the past year, the median home value in Modesto, CA, has increased by 4.1% to reach $458,000. Modesto's real estate market has seen steady growth, with both single-family homes and condos experiencing moderate price appreciation. You can check your home's fair market value with our free home value estimator to determine your initial asking price and compare it with other properties in your area.
What are Modesto's real estate market predictions for 2025?
Modesto's home prices are expected to continue growing in 2025. The city's housing demand remains steady, supported by its attractive location and an expanding local economy. However, rising mortgage rates may impact affordability for some buyers, so it is essential to keep an eye on the market trends across the California housing market.
What are the average home prices in Modesto, CA?
Modesto, CA, home values vary based on the type and size of the property. Condos typically cost around $265,000, while single-family homes average $473,750. Modesto offers a variety of housing options for both first-time homebuyers and investors. If you're looking to buy, there are cheap homes for sale in Modesto that can fit within your budget.
Is this a good time to buy a home in Modesto, CA?
It's crucial to assess housing market trends in Modesto before you make a decision. Buyers might find opportunities if inventory increases and mortgage rates stabilize. Keep an eye on both these factors to find the right time for an investment in Modesto's real estate market.
Where can I check Modesto's housing market trends?
Modesto's housing market remains relatively stable, with homes staying on the market for an average of 29 days, depending on demand and location. If you're looking to invest in Modesto real estate, you can check current housing market trends to decide the best time to act.
When will the Modesto housing market crash?
A market crash in Modesto is unlikely. In fact, prices are expected to continue to rise steadily, with the market remaining stable through 2025. However, an increase in inventory may lead to price adjustments as supply meets demand.
What is the process of buying a home in Modesto?
Start by determining your budget and getting a mortgage pre-approval. Then, you can search for homes for sale in Modesto, submit offers, secure financing, and proceed with the closing process.
How can I list my home for sale in Modesto, CA?
You can list your home for sale with a Flat Fee MLS California listing service. With companies like Houzeo, you can avoid paying agent commissions and still get your house listed on the MLS. 🚀
What is the average mortgage rate for buyers in Modesto?
The average mortgage rate for buyers in Modesto typically fluctuates between 6.8% and 7%. Rates depend on market conditions and your credit score. It's advisable to check with multiple lenders before applying for a mortgage.
What is the cost of living in Modesto, CA?
Modesto's cost of living is 13% higher than the national average, and 19% lower than the state average. This makes it one of the more affordable cities in California. Utilities and transportation, however, are significantly more expensive than the US median.
Important Legal Disclosures