Stanislaus County Home Price Trends  January - September 2022

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

Stanislaus County Home Price Trends 

January - September 2022

Stanislaus County Home Prices

The numbers below are for the six largest cities in Stanislaus County.  Together these cities make up nearly 90% of the monthly sales in Stanislaus County.

2022 Modesto Turlock Ceres Riverbank Oakdale Patterson
Jan $427,500 $465,000 $400,000 $425,000 $525,300 $531,260
Feb $432,500 $442,500 $392,500 $480,000 $578,000 $510,000
Mar $451,000 $490,000 $425,000 $515,000 $535,000 $537,000
Apr $450,000 $491,550 $458,000 $492,500 $575,000 $567,000
May $453,500 $491,000 $425,000 $549,250 $580,000 $555,500
June $450,000 $467,500 $460,000 $530,000 $579,850 $595,000
July $455,000 $505,000 $425,000 $450,000 $465,000 $527,500
Aug $435,750 $480,000 $422,500 $472,000 $554,900 $488,500
Sep
$424,000
$480,000
$390,000
$445,000
$550,000
$570,000

Stanislaus County Median PricesSo far by looking at the median sales prices of the six largest Cities in Stanislaus County over 2022 there is still no clear cut pattern.  All but Patterson Ca saw median prices drop, or stayed the same in the case of Turlock, from August 2022 to September 2022.  Homes are definitely staying on the market longer and multiple offers are no longer the norm.  

Now if we take Stanislaus County as a whole there is a definite pattern.  Prices rose steadily from January 2022 until April 2022.  Then starting in May 2022 median prices in Stanislaus County overall saw a steady decline. This coincides with rising interest rates.  As rates rise buyers are starting to be priced out of the market. With fewer buyers there is less pressure to over bid on properties.

The real estate market in Stanislaus County is definitely changing.  Homes receiving multiple offers are now in the minority.  Homes selling for less than asking prices are much more common.  The number of days on the market is also rising.  All these signs point to an upcoming shift in the market to more of a buyer's market.

Search for Modesto Homes for sale here.

Search for Turlock Homes for sale here.

Search for Ceres Homes for sale here.

Search for Riverbank homes for sale here.

Search for Oakdale homes for sale here.

Search for Patterson homes for sale here.

If you are thinking about buying or selling a Stanislaus, Merced or San Joaquin county home call or text me at 209.404.0816.

Posted by

 

Jim Patton - Realtor
Aspire Home Real Estate
DRE# 01423125


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


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Jim Patton - Central Valley RealtorCall or Text: 209.404.0816
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