Pittsburg California Housing Market Report - October 2009

Pittsburg California Housing Market Report - October 2009

The Housing Market in East Contra Costa County is still very tight.  There are some very slight price decreases, but they might be simple seasonal anomalies and certainly are not an indication of the market going soft again. 

This Pittsburg Housing Market Report for October 2009 compares the sales of single family home sales in October to those in September and the Active Housing Market in Pittsburg California.

Currently there are 123 Single Family Homes for sale in the Pittsburg Housing Market.  The Average Asking Price on those homes is $223,990.00 and the Median Asking Price is $210,000.00.  The Average Asking Price per SF is $119.00 and the Average Days on Market is 48. 

The Pittsburg Housing Market was very active in October with 80 sales of Single Family Homes.  The Average Price of the Sold Home in the Pittsburg Housing Market for October was $193,867.00 and the Median Price was $181,500.00.  The price per SF was $111.00 (Asking Price for those sold was $107.00.) and the Average Days on Market was 22.

The Pittsburg Housing Market in October compared to the Pittsburg Housing Market in September is pretty close.  The Average Home Price in September was $199,517 and the Median Price was $190,000.00.  The Average Price Per SF was $112.00 (Asking price for those sold was $109.00.) with an Average of 46 Days on the Market.  There were 76 Homes Sold in the Pittsburg Housing Market in September.

The very slight decrease in Price Per SF is probably an anomaly caused partly by seasonal market changes.  However, the number of sales is still up and we only have about a 1.5 month supply of homes which indicates a tight seller market.  The Days on Market is rapidly decreasing; the homes are being snatched up fast.

Click to see other area Housing Market Reports.