Antioch Real Estate Market Update for 2024

The Antioch real estate market in 2024 showcases consistent activity and opportunities across various seasons and neighborhoods. Here is a detailed breakdown of the trends to help guide buyers, sellers, and investors.

Key Statistics

• Total Listings: 220 properties were listed.

• Closed Sales: 178 properties successfully sold.

• Under Contract: 32 properties are still under contract.

• Average Market Time: Homes spent an average of 31 days on the market.

• Sales Price to List Price Ratio: On average, homes sold for 97.5% of their original listing price.

Monthly Trends

Monthly analysis shows the flow of activity:

• Most Active Months: August saw the most activity with 25 transactions, followed by July with 22 and June with 20.

• Least Active Month: February recorded only 10 transactions, reflecting a seasonal slowdown.

• Market Efficiency: September saw 18 transactions with shorter market times, showing sustained interest after summer.

Seasonal Insights

Seasonal trends highlight key opportunities:

• Winter (Dec-Feb): Closed 38 transactions with an SP/LP ratio of 96.8%, showcasing moderate demand.

• Spring (Mar-May): Brought 56 transactions with an SP/LP ratio of 98.1%, as the market picked up.

• Summer (Jun-Aug): Peak season with 67 transactions and an average market time of 28 days, reflecting strong buyer activity.

• Fall (Sep-Nov): Ended with 45 transactions and an SP/LP ratio of 97.9%.

Neighborhood Trends

Antioch’s subdivisions revealed strong performances:

• Beachwood: Led with 24 transactions, averaging a market time of 22 days and an SP/LP ratio of 98.3%.

• Tiffany Farms: Recorded 20 transactions with an SP/LP ratio of 98.7%, highlighting buyer confidence.

• Neuhaven: Achieved 18 transactions with an average market time of 25 days and an SP/LP ratio of 97.6%.

• Other Neighborhoods: Combined for 116 transactions with an average market time of 33 days and an SP/LP ratio of 97.4%.

Bedroom-Specific Insights

• 2-Bedroom Homes: Represented 40 listings with an average market time of 35 days, popular among downsizers.

• 3-Bedroom Homes: Dominated with 96 transactions, offering versatile options for families and first-time buyers.

• 4-Bedroom Homes: Closed 42 transactions with an average market time of 28 days, indicating strong demand.

What This Means for You

• For Sellers: Spring and summer remain the optimal seasons to list, offering shorter market times and favorable pricing.

• For Buyers: Winter months provide opportunities for less competition, while spring and summer offer a wider selection.

• For Investors: Neighborhoods like Beachwood and Tiffany Farms provide consistent turnover and pricing stability.

Conclusion

Antioch’s real estate market in 2024 presents diverse opportunities for all participants. Staying informed about these trends is essential for making the best decisions. Contact The Dick Barr Group for expert advice and personalized assistance to navigate the Antioch market effectively.