What's My Modesto Ca home worth? Modesto Ca Home Sales - Sept. 2022

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

What's My Modesto Ca home worth?

Modesto Ca Home Sales - September 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 September 2022 are in.  The totals below are for single family homes sold in Modesto.

Sept. Zip Code # of Sales Median Sales Price Average % Of List Price Average Days on Market Average # of Offers
2021 95350 66 $408,000 102.19% 11 3.4
2022 95350 28 $402,500 100.38% 24 2.4
2021 95351 33 $365,000 102.02% 20 2.4
2022 95351 16 $389,500 98.42% 19 2.6
2021 95354 32 $384,475 105.77% 17 3.6
2022 95354 19 $360,000 99.20% 40 1.7
2021 95355 87 $450,000 101.62% 12 3.2
2022 95355 45 $490,000 99.04% 29 1.8
2021 95356 37 $485,000 98.84% 13 3.8
2022 95356 29 $533,000 97.08% 37 1.7
2021 95357 11 $465,000 100.31% 18 2.5
2022 95357 11 $460,000 94.58% 45 1.9
2021 95358 22 $418,250 99.36% 14 3.5
2022 95358 14 $375,000 97.33% 19 2.1

Total homes sold in Modesto: September 2021: 288    September 2022: 162 (-43.7%)

Six of Modesto's seven zip codes saw fewer sales in September 2022 than in September 2021 with the seventh zip code selling the same in both years.  Four of the seven zip codes also saw lower median prices in September 2022 than in September 2021.  This is a major development.

The average number of offers received per home was down in all but one Modesto zip code for September 2022 over September 2021.  Out of 162 sales in September 2022 only 82 received more than one offer!

Fewer offers per home and fewer total homes sold could be a sign that more buyers are getting priced out with 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 99.22% of list price
  • Homes on the market 31+ days sold for 97.05% of list price
  • The average home in Modesto Ca sold for 97.49% of list price in September 2022

There are currently 216 homes under contract (pending) in Modesto. That's up just a bit from last month at this time.  There are currently 345 homes available (active) in all of Modesto listed from $164,999 for a major fixer upper 2 bedroom 1 bath home of 864 sq.ft up to $2,700,000 for a home with 8 bedrooms and 8 bathrooms and 7500 sq.ft. on just under 1.5 acres. 

With a 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.  However rising interest rates are also affecting how many buyers are able to buy right now. 

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.

Modesto Ca Home Sales - August 2022

Modesto Ca Home Sales - July 2022

Modesto Ca Home Sales - June 2022

Modesto Ca Home Sales - May 2022

Modesto Ca Home Sales - April 2022

Modesto Ca Home Sales - March 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)

Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

This is a thorough look at the market in Modesto, great job!  Anyone wanting to know what their home is worth in Modesto should definitely be giving you a call.

Oct 04, 2022 04:40 AM
Jim Patton

Thanks Brian England and thanks for stopping by.

Oct 04, 2022 01:28 PM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

Have a productive October.

Oct 04, 2022 07:52 AM
Jim Patton

Thank you Roy.

Oct 04, 2022 01:28 PM