Antioch Real Estate Insights - June 2024

Welcome to the Monthly Real Estate Insights for Antioch, CA, for June 2024. This update provides a comprehensive overview of the current market trends and changes in the real estate landscape for single-family residences. Staying informed about these trends is essential for making well-informed decisions whether you are a home buyer, seller, or real estate professional.

Key Takeaways

  • Market Index Score: The Market Index score for June 2024 is 63, indicating a strong seller's market.

  • Current Trends: The median list price has increased, while the average days on market have also increased, suggesting some cooling in market activity despite the higher prices.

  • Mortgage Rates: The current 30-year fixed mortgage rate is 6.95%, a decrease from last month’s rate of 7.03%.


Market Overview

Key Metrics

  • Median List Price: $699,000 (up from $669,500 last month)

  • Median Price of New Listings: $698,000 (up from $675,000 last month)

  • Average Days on Market: 62 (up from 59 last month)

  • Median Days on Market: 21 (unchanged from last month)

  • Median Rent: $2,998 (slightly down from $3,000 last month)

  • Market Action Score: 63 (down from 67 last month)

Analysis and Trends

The Antioch real estate market continues to favor sellers, with a Market Index score of 63. This strong seller's market is characterized by increasing prices and a slight increase in the time properties spend on the market. Despite these changes, the market remains competitive with substantial buyer interest.

Seller’s Perspective

A Market Index score of 63 is advantageous for sellers. Properties are likely to attract multiple offers and favorable terms. The increase in median list price and the continued strong market action score indicate sustained demand. Sellers can expect strong competition among buyers, which often leads to better offer terms and potentially higher sale prices.

Buyer’s Perspective

For buyers, the Antioch market presents challenges typical of a seller's market. However, the slight decrease in mortgage rates to 6.95% offers some financial relief, potentially lowering monthly payments. The increase in average days on market provides buyers with a bit more time to make informed decisions, but competition remains high.

Current Market Insights

An interesting fact about the current housing market in Antioch is the notable increase in the median list price, which has risen to $699,000 from $669,500 last month. This increase highlights the growing demand and willingness of buyers to invest in the market, driven by the desirable location and amenities of Antioch.

Another noteworthy trend is the stability in the median days on market, remaining at 21 days, suggesting that while prices are rising, properties are still selling relatively quickly. This indicates a balanced dynamic where buyers are still actively engaging in the market despite higher prices.

Future Outlook

Looking ahead, the Antioch real estate market is expected to remain favorable for sellers. The anticipation of steady interest rates and ongoing high demand suggests that seller strength will continue. Buyers should stay prepared to act swiftly and negotiate effectively, while sellers can expect ongoing strong interest in their properties.

The Antioch real estate market in June 2024 continues to be a strong seller's market with competitive dynamics and slight adjustments in pricing and days on market. Understanding these trends and the implications of the Market Index score can help all parties make better decisions. If you have any questions or need further assistance, please feel free to reach out. Your local real estate professional is here to help guide you through these times with expert advice and support.


This report provides a snapshot of the Antioch real estate market as it stands today, geared toward helping you understand the dynamics at play. Changes from the previous month and year-to-date comparisons highlight the ongoing shifts in the market, emphasizing the importance of being well-informed in today's market conditions. For any questions or assistance with your real estate needs, don't hesitate to reach out to a Real Estate Professional at Realty One Elite.

Stay informed, stay ahead, and let's navigate the Antioch real estate market together.



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