How Walnut Creek Home Values Have Changed

Home For Sale Sign

With the reduction of the impact of Covid-19, life in the Bay Area began to return to normal. On the real estate front, Home prices continued on their upwards trajectory, and multiple offers on homes for sale, all within a matter of days was the norm.

All of this was good news for Walnut Creek homeowners but how significant were these price increases. Keep on reading to see the real world figures.

Walnut Creek Home Listings & Sales Since March 2021

In March 2021, 102 detached homes were listed for sale in Walnut Creek. The median list price was $1,325,000. The lowest priced home was listed at $749,000 for a 3 bed, 2 bath, 1519 sq.ft. fixer in the Overlook neighborhood, near Buena Vista Elementary School. This sold for $905,000.

At the other end of the scale was a list price of $2,798,000 for a 5 bed, 4.5 bath home with over 5,000 sq.ft. of living space on over a half-acre of land in the prestigious La Cas Via neighborhood close to John Muir hospital.

The median sale price in March 2021 was $1,550,000, 17% above the median list price.

Flash forward to 2022

In March of this year, there were just 66 homes listed for sale and the median list price was $1,565,000. At the lower end was $799,000 for a 3 bed, 1.5 bath home that was also a fixer with considerable fire damage, located close to downtown, and sold for $1,000,000. The highest price listing was a 7 bed, 6.5 bath home with 6726 sq.ft. of living space on 1.33 acres in the La Casa Via neighborhood.

The median sale price in March 2022 was $1,712,000

So as we can see, the median sale price in Walnut Creek has increased by almost 10.5%. That is not quite as dramatic as we saw in the previous year, but still a very healthy increase that should be much appreciated by Walnut Creek homeowners.

One final observation that may be of interest is that most homes are still getting sales agreed in less than 10 days, and they are still mostly getting multiple offers. Numbers of offers are certainly less than they were a year ago though. There are definite signs that the market is changing, though right now, change is fairly slow.