What's my Patterson Ca home worth? Patterson Ca Home Sales Aug 2022

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

What's my Patterson Ca home worth?

Patterson Ca Home Sales - August 2022

Patterson Ca Homes for sale

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 August 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 on the west side of the Central Valley. 

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.

August

# of sales

Median Sale Price

Average % of List Price

Avg. Days on Market

Average # of Offers

2021 29 $515,000 100.84% 13 4.0
2022 22 $488,500 99.27% 24 1.9

The lowest price home sold in Paterson during August 2022 was $242,500.   

The highest price home sold in Patterson during August 2022 was $1,060,000.

The number of total sales for August 2022 was down from August 2021.  The median sale price was down significantly this month compared to last year. That's the first time in a long time the median sales price was down year to year. The number of days on the market for July 2021 was up compared to August 2021.  

The number of offers received per listing in August 2022 was down significantly from August 2021 and averaged just less than two per home again this month (1.7 per home in July 2022). Out of the 22 sales in August 2022 only 12 of them received more than one offer. The average home sold for a bit under asking price this month. 

Usually the longer a home stays on the market the less chance it will sell for over asking price.  Only 5 of the 22 home that sold in Patterson Ca in August 2022 sold for over asking price.  This is another first in a long time occurrence.

  • Homes on the market 0-30 days sold for 99.47% of list price
  • Homes on the market 31+ days sold for 99.51% of list price
  • The average home in Patterson Ca sold for 99.50% of its list price in August 2022.

The number of homes listed is currently at 58. (Active). This is about the same as the number of homes on the market last month at this time. They range in prices from $309,900 for a 968 sq. ft. 3 bedroom 1 bath home to $1,000,000 for a 3 bedroom 2 bath home with possible commercial zoning.  There are currently 41 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 1.9 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 - July 2022

Patterson Ca Home Sales - June 2022

Patterson Ca Home Sales - May 2022

Patterson Ca Home Sales - April 2022

Patterson Ca Home Sales - March 2022

Patterson Ca Home Sales - February 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)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

 

Thank you for sharing the information. Wishing you continued success.  Have a wonderful day and sell a house.  bill

Sep 10, 2022 05:11 AM
Jim Patton
Aspire Home Real Estate 209-404-0816 - Modesto, CA
Realtor - Stanislaus ,Merced, San Joaquin Counties

Thanks for stopping by Bill Salvatore - East Valley 

Sep 10, 2022 12:27 PM