Newly released data from Realtor.com for May shows that potential buyers and sellers in San Joaquin County saw lower home sale prices than the previous month’s median of $580,000.
The median home sold for $543,500, an analysis of data from Realtor.com shows. That means May, the most recent month for which figures are available, was down 6.3% from April.
Compared to May 2024, the median home sales price was down 6.3% compared to $580,000.
Realtor.com sources sales data from real estate deeds, resulting in a few months’ delay in the data. The statistics don’t include homes currently listed for sale and aren’t directly comparable to listings data.
Information on your local housing market, along with other useful community data, is available at data.recordnet.com.
Here is a breakdown on median sale prices:
Looking only at single-family homes, the $550,000 median selling price in San Joaquin County was down 5.6% in May from $582,500 the month prior. Since May 2024, the sales price of single-family homes was down 6% from a median of $585,000.Thirty single family homes sold for $1 million or more during the month, compared to 53 recorded transactions of at least $1 million in May 2024.
Condominiums and townhomes increased by 21% in sales price during May to a median of $314,500 from $260,000 in April. Compared to May 2024, the sales price of condominiums and townhomes was up 1.5% from $310,000. Four condominiums or townhomes sold for $1 million or more during the month, compared to five recorded transactions of at least $1 million in May 2024.
About recorded home sales in San Joaquin County in California
In May, the number of recorded sales in San Joaquin County dropped by 5.4% since May 2024 — from 634 to 600. All residential home sales totaled $356.6 million.
Across California, homes sold at a median of $756,091 during May, a slight decrease from $760,000 in April. There were 27,324 recorded sales across the state during May, down 10.8% from 30,617 recorded sales in May 2024.
Here’s a breakdown for the full state:
The total value of recorded residential home sales in California decreased by 9.8% from $35.6 billion in April to $32.1 billion this May.
Out of all residential home sales in California, 34.34% of homes sold for at least $1 million in May, up from 33.42% in May 2024.
Sales prices of single-family homes across California slightly decreased from a median of $770,024 in April to $765,056 in May. Since May 2024, the sales price of single-family homes across the state was slightly up from $759,927.
Across the state, the sales price of condominiums and townhomes slightly rose from a median of $730,179 in April to $735,533 during May. The median sales price of condominiums and townhomes is up 2.2% from the median of $720,000 in May 2024.
The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what’s happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.
This article originally appeared on The Record: Homes in San Joaquin County sold for lower prices recently: See how much here