Walnut Creek, CA
Housing Market
Walnut Creek'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 Walnut Creek's supply and demand trends. Our report equips you with the information you require to make well-informed decisions.
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Buy or SellWalnut Creek Housing Market Overview
Home prices in Walnut Creek, CA, at a median of $750,000, reflect a 2% decrease year-over-year. However, the city's housing market is very competitive at present. Despite the slight dip in home prices, sales activity has increased by 19.7% YoY, an indicator of strong buyer interest. Homes in Walnut Creek spend a median of 16 days on the market—the same as last year—which is a sign of consistent demand.
Situated in the East Bay region of California, Walnut Creek attracts buyers with its vibrant downtown, scenic trails, and strong community appeal. The city's housing demand remains more or less stable due to its excellent schools, growing job opportunities, and convenient access to San Francisco. Relatively affordable despite its prime location, Walnut Creek continues to be a sought-after market for homeowners and investors alike.
Situated in the East Bay region of California, Walnut Creek attracts buyers with its vibrant downtown, scenic trails, and strong community appeal. The city's housing demand remains more or less stable due to its excellent schools, growing job opportunities, and convenient access to San Francisco. Relatively affordable despite its prime location, Walnut Creek continues to be a sought-after market for homeowners and investors alike.
Median Sale Price
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Walnut Creek Housing Supply
Walnut Creek's real estate market is characterized by intense competition despite expanding inventory. The number of homes for sale in Walnut Creek has risen to 147 in recent months, a 16.67% increase year-over-year. Among these are 101 fresh listings, which gives buyers more choices.
Walnut Creek's housing supply fluctuates based on seasonal trends. Spring and summer often bring an uptick in listings, as sellers aim to close deals before the new school year. Home prices remain above the national median, reflecting the city's desirability. If you plan to sell your home in Walnut Creek, expect multiple offers in popular neighborhoods. If you're a buyer hoping to secure the best deal, request seller concessions or wait for a further decrease in home prices.
Walnut Creek's housing supply fluctuates based on seasonal trends. Spring and summer often bring an uptick in listings, as sellers aim to close deals before the new school year. Home prices remain above the national median, reflecting the city's desirability. If you plan to sell your home in Walnut Creek, expect multiple offers in popular neighborhoods. If you're a buyer hoping to secure the best deal, request seller concessions or wait for a further decrease in home prices.
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Walnut Creek Housing Demand
The Walnut Creek real estate market continues to be competitive, with 46.6% of homes selling above the list price. This marks a 4.4 percentage point increase from last year. At the same time, 30.9% of homes sell below the asking price, which indicates that buyers have some room for negotiation. The sale-to-list price ratio has reached 100.6%, a sign that most sellers secure prices above their initial listing. This ratio plays a key role in determining whether buyers or sellers hold more power in the market.
For home sellers, setting the right price from the start can help avoid future adjustments. You can also offer concessions to attract buyers and speed up the selling process. List on the California MLS so that your property gets maximum exposure. With a sale-to-list price ratio above 100%, multiple offers are likely in high-demand areas. Meanwhile, buyers looking for leverage should focus on properties that spend longer on the market, or have previously seen price reductions.
For home sellers, setting the right price from the start can help avoid future adjustments. You can also offer concessions to attract buyers and speed up the selling process. List on the California MLS so that your property gets maximum exposure. With a sale-to-list price ratio above 100%, multiple offers are likely in high-demand areas. Meanwhile, buyers looking for leverage should focus on properties that spend longer on the market, or have previously seen price reductions.
Homes Sold Above List Price
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Strong
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Balanced
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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.
Walnut Creek Housing Market: When to Buy or Sell?
Walnut Creek's housing market shifts between buyer-friendly and seller-friendly phases based on seasonal cycles. In line with broader trends in the California housing market, Walnut Creek remains competitive, with conditions favoring buyers and sellers in turn. When inventory increases and competition is low, buyers gain more negotiation power. On the other hand, sellers can secure higher prices and faster sales whenever demand exceeds supply.
If the months of Walnut Creek's housing supply rise above the balanced range of the US real estate market (5 to 6 months), buyers can get more time to explore their options. But when supply hovers around 2 to 3 months, sellers are likely to receive multiple offers on their homes. Understanding these market shifts can help you strategically time your decisions for the best outcomes.
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Frequently Asked Questions
How have Walnut Creek house prices changed over the past year?
Walnut Creek's median home price has remained steady with moderate changes in recent years. Moreover, it's well below the California state average. You can check your home's fair market value with our free home value estimator and compare it with nearby properties.
What are the Walnut Creek real estate predictions for 2025?
Walnut Creek home prices are likely to stabilize as inventory increases. While demand remains steady, affordability concerns and rising mortgage rates could slow price growth further. Buyers and sellers should monitor the market closely to take advantage of favorable conditions.
What's the median home price in Walnut Creek, CA?
The average price of a single-family home in Walnut Creek is $1,602,500, while condos typically cost around $555,000. Home values vary based on location, size, and property type. You can shop around to find cheap homes for sale in Walnut Creek that fit your budget.
Is this a good time to buy a home in Walnut Creek, CA?
You should carefully assess home prices and available inventory to know the best time to move. Sellers benefit when demand is high and inventory is low. However, if mortgage rates stabilize and more homes enter the market, buyers may find better opportunities.
Where can I check Walnut Creek housing market trends?
Walnut Creek's housing market remains active year-round, though competition shifts based on supply and demand. Homes in desirable areas tend to sell quickly. You can check the city's housing market trends to decide on the right time to invest.
When will the Walnut Creek housing market crash?
Current forecasts do not indicate a market crash. While home price growth may slow, steady demand and limited supply will help maintain property values. Market conditions may shift, but a drastic decline is unlikely.
How to buy a home in Walnut Creek?
Start by setting a clear budget and getting a mortgage pre-approval. Then, explore available homes for sale in Walnut Creek, submit offers, secure financing, and complete the closing process.
How can I list my home for sale in Walnut Creek, CA?
You can list your Walnut Creek property with a California Flat Fee MLS service. High-tech MLS listing platforms like Houzeo assign the correct paperwork based on location, making the process seamless. 🚀
What is the average mortgage rate for buyers in Walnut Creek?
The state-wide average mortgage rate for buyers fluctuates between 6.8% and 7%. It depends on the market and the borrower's credit score. Always check current rates with multiple lenders before you apply.
What is the average cost of living in Walnut Creek, California?
Walnut Creek's cost of living is 74.9% higher than the national average, and 16.5% higher than the cost of living in California. Housing costs contribute significantly to this expense, with single-family homes averaging over $1M. Essentials like food, transportation, and healthcare also sit above the US median.
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