In April, San Joaquin County witnessed a slight uptick in the median home listing price, reaching $599,450, according to an analysis from Realtor.com. This marks a marginal increase from the previous month's figure of $595,500 and represents a 1.3% rise compared to the same period last year. The data presented here exclusively pertains to homes listed for sale within the county and does not encompass properties that have been sold. Additionally, the median size of homes listed was 622 square feet, priced at $0.19 per square foot, reflecting a 9% jump from the prior year. Other key indicators, such as time on market and new listings, also showed positive trends.
April's housing market in San Joaquin County demonstrated resilience, with homes remaining on the market for a median duration of 38 days—a shorter span than the national average of 50 days during the same period. In contrast, the previous month saw homes lingering slightly longer, with a median of 40 days. Moreover, there was a notable surge in newly listed properties, totaling 738 homes—an impressive 19% rise from the 620 listings recorded in April of the previous year.
The broader context reveals California’s median home price at $767,000, showing a modest climb from March figures. On average, homes listed in the Golden State boasted 28,552 square feet, with a cost of $0.16 per square foot. Meanwhile, across the entire nation, the median home price stood at $431,250, reflecting a slight increase from the preceding month. These national homes averaged 467,514 square feet and were listed at $0.18 per square foot.
It is important to note that the median home list price provides a more precise snapshot of the market dynamics than the average list price. Experts emphasize that while calculating the average involves summing all listing prices and dividing by the number of homes sold, it can be skewed by unusually high or low individual prices. Therefore, relying on the median offers a clearer understanding of current market conditions.
As the housing market continues to evolve, San Joaquin County's recent trends indicate steady growth and increased activity. With shorter times on the market and a growing number of new listings, the region appears poised for further expansion. While these developments reflect local conditions, they also align with statewide and national patterns, suggesting a broader recovery in the housing sector.