Patterson Ca Home Sales - July 2022
Have you been wondering "What's my Patterson Ca home worth?" The numbers below may give you an idea of what homes in Patterson Ca are selling for. The sales figures for Patterson Ca for July 2022 are in. The totals below are for single family homes sold in Patterson.
Patterson Ca is a small town located on the west side of Stanislaus County. Patterson is a popular choice for many San Francisco Bay Area commuters. It is located along the I-5 corridor offering easy access to the San Francisco Bay Area. Patterson is west of Turlock and Modesto.
Patterson is also home to several large distribution centers including CVS, Grainger, Kohls, Restoration Hardware, Amazon and others. There are also two major shopping centers in Patterson. One is anchored by a Save Mart Supermarket and the other by a Super Walmart.
| July | # of sales |
Median Sale Price |
Average % of List Price |
Avg. Days on Market |
Average # of Offers |
| 2021 | 30 | $510,000 | 99.51% | 13 | 3.2 |
| 2022 | 10 | $527,500 | 95.14% | 18 | 1.7 |
The lowest price home sold in Paterson during July2022 was $240,000.
The highest price home sold in Patterson during July 2022 was $735,000.
The number of total sales for July 2022 was down significantly from July 2021. The median sale price was up again this month compared to last year. However the median sales price for July 2022 was down from June 2022. The number of days on the market for July 2021 was up compared to July 2021. Even with the increased days on the market homes are still averaging only 18 days on the market!
The number of offers received per listing in July 2022 was down significantly from July 2021 and averaged just less than two per home again this month (1.8 per home in June 2022). The average home sold for a bit under asking price this month. This has not happened in a very long time. Having only 10 sales for the month shows that rising interest rates have priced a lot of buyers out of the market.
Usually the longer a home stays on the market the less chance it will sell for over asking price. Just over half (6) of the homes sold in Patterson Ca in July 2022 sold for over asking price. This is another first in a long time occurrence.
- Homes on the market 0-30 days sold for 100.26% of list price
- Homes on the market 31+ days sold for 90.02% of list price
- The average home in Patterson Ca sold for 95.14% of its list price in July 2022.
The number of homes listed has dropped down to 56 homes listed (Active). This is a slight drop in the number of homes on the market from what it was last month at this time. They range in prices from $327,000 for a 1056 sq. ft. 2 bedroom 1 bath home built in 1952 to $1,299,000 for a 4 bedroom 3 bath custom home on 1.5 acres. There are currently 36 homes under contract (Pending) in Patterson Ca.
The Patterson real estate market is still a seller's market but change seems to be inevitable. There also seems to be fewer buyers based on the 1.7 offers per home. This could be a combination of both higher prices and higher interest rates pricing out many buyers. We are starting to see some changes in the market and we could be heading for a buyer's market, but we are not quite there yet.
You can search for Patterson Ca Homes for sale here.
If you want to know what your Patterson Ca home is worth call or text me at 209.404.0816 for a free evaluation.
Patterson Ca Home Sales - June 2022
Patterson Ca Home Sales - May 2022
Patterson Ca Home Sales - April 2022
Patterson Ca Home Sales - March 2022
Comments(0)