Modesto Ca Home Sales - July 2022

By
Real Estate Agent with Aspire Home Real Estate 209-404-0816 DRE #01423125

Modesto Ca Home Sales - July 2022

Modesto California Home Sales

Have you asked yourself recently "What's my Modesto Ca home worth?"  The numbers below might give you some idea and also an idea of what the market is doing. The sales figures for Modesto California for July 2022 are in.  The totals below are for single family homes sold in Modesto.

July Zip Code # of Sales Median Sales Price Average % Of List Price Average Days on Market Average # of Offers
2021 95350 59 $408,000 100.26% 12 5.4
2022 95350 34 $433,050 100.74% 14 2.5
2021 95351 25 $350,000 103.50% 8 4.4
2022 95351 8 $345,000 100.52% 11 1.5
2021 95354 30 $365,000 100.56% 13 6.8
2022 95354 22 $412,450 100.25% 13 1.8
2021 95355 55 $465,500 101.33% 11 3.9
2022 95355 51 $525,000 98.78% 17 1.8
2021 95356 36 $482,000 100.27% 11 3.1
2022 95356 25 $490,000 97.39% 16 1.6
2021 95357 15 $427,000 98.07% 13 3.5
2022 95357 7 $455,000 98.87% 13 3.0
2021 95358 23 $405,000 103.01% 8 5.3
2022 95358 12 $435,000 98.64% 14 2.9

Total homes sold in Modesto: July 2021: 256    July 2022: 172 (-33%)

The median price of homes was up over last year in all but one zip code (95351).  Most homes also received multiple offers however not as many as last year. Fewer offers per home and fewer total homes sold could be a sign that more buyers are getting priced out with higher prices and higher interest rates.

However not all homes sold for more than asking price.  The number of days on the market seems to make a difference in what a home will sell for. 

  • Homes on the market 0-30 days sold for 100.34% of list price
  • Homes on the market 31+ days sold for 96.95% of list price
  • The average home in Modesto Ca sold for 98.08% of list price in July 2022

There are currently 195 homes under contract (pending) in Modesto. That's down just a bit from last month at this time.  There are currently 427 homes available (active) in all of Modesto listed from $170,000 for a 1 bedroom 1 bath condo of 430 sq.ft up to $2,950,000 for a home with 8 bedrooms and 8 bathrooms and 7500 sq.ft. on just over one acre. 

With a much larger amount of available homes and homes receiving less offers and far fewer homes selling this month it could be a sign of a change to a buyer's market.  We are not quite there yet but I think it is coming!

Do you want to know what your Modesto Ca home is worth?  Call or text me any time at 209.404.0816 or email me at jim@JPP3RealEstate.com

If want to see what's for sale in Modesto Ca check out my website JimPatton.metrolist.com for the latest listings.

If you are thinking about buying or selling give me a call at 209-404-0816 so we can discuss what is the right thing to do in today's market.

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Modesto Ca Home Sales - January 2022

Posted by

 

Jim Patton - Realtor
Aspire Home Real Estate
DRE# 01423125


Serving Stanislaus, Merced and San Joaquin Counties in California's Central Valley.


Are you thinking about buying or selling Central Valley Real Estate?  Let's Talk!


Selling homes like yours
since 2004!

Jim Patton - Central Valley RealtorCall or Text: 209.404.0816
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Comments (2)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Modesto home buyers and sellers are sure to value your real estate market report, Jim.

Aug 10, 2022 08:01 PM
Jim Patton
Aspire Home Real Estate 209-404-0816 - Modesto, CA
Realtor - Stanislaus ,Merced, San Joaquin Counties

Thanks Myrl Jeffcoat 

Aug 11, 2022 03:12 PM