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San Joaquin County Market Update:
One year Housing Market Review: for San Joaquin County (March 2023 - May 2024)
Overview:
The San Joaquin County housing market has experienced notable fluctuations from March 2023 through May 2024.
Key metrics such as the number of homes for sale, new listings, sales, and average prices provide a comprehensive picture of the market's dynamics.
Inventory and New Listings
- For Sale:
The number of homes for sale began at 494 in March 2023 and saw an upward trend, peaking at 769 in May 2024. This indicates an overall increase in inventory over the period.
- New Listings:
New listings followed a seasonal pattern, starting at 455 in March 2023, rising to a high of 691 in May 2024. There were significant drops during the winter months, with a low of 272 in December 2023.
Sales Activity
- Sold: The number of homes sold started at 439 in March 2023, peaked at 500 in May 2023, and showed variability throughout the year.
The lowest sales occurred in November 2023 (291), with an upswing to 433 in April 2024.
- Pended Sales:
Pended sales showed a similar trend, beginning at 422 in March 2023 and reaching a high of 483 in May 2024.
There was a noticeable dip during the winter months, with the lowest in December 2023 (279).
Market Absorption and Inventory
- Months of Inventory (Closed Sales):
This metric fluctuated, starting at 1.1 months in March 2023 and peaking at 2.3 months in November 2023.
It suggests varying market conditions, with tighter inventory in early 2023 and more availability towards the end of the year.
- Months of Inventory (Pended Sales):
This closely mirrored the closed sales inventory, peaking at 2.3 months in October 2023
and dropping to 1.0 months in April 2023.
Price Trends
- Average Active Price:
The average active price ranged from $709K in October 2023 to $782K in June 2023.
The overall trend shows some volatility with a recent dip to $720K in May 2024.
- Average Sold Price:
Average sold prices increased from $562K in March 2023 to a peak of $620K in May 2024, indicating a positive appreciation in home values.
- Average Sq. Ft. Price (Sold):
This metric showed a consistent increase, from $291 in March 2023 to $328 in May 2024, reflecting rising property values per square foot.
- Median Active Price:
The median active price saw fluctuations, starting at $599K in March 2023 and reaching $660K in April 2024.
- Median Sold Price:
This also increased from $520K in March 2023 to $550K in May 2024.
Market Efficiency
- Sold/List Price Difference:
The percentage difference between sold price and list price remained stable, generally around 99-100%.
- Sold/Original List Price Difference:
This metric showed similar stability, hovering around 96-100%.
- Average Days on Market:
The average days on market decreased from 46 days in March 2023 to 22 days in May 2024, indicating quicker sales over time.
- Average Cumulative Days on Market (CDOM): CDOM followed a similar trend, reducing from 57 days in March 2023 to 25 days in May 2024.
Absorption Rates
- Closed Sales Absorption Rate:
This rate varied widely, with a high of 108.9% in May 2023 and a low of 43.6% in November 2023.
The fluctuation indicates changing market conditions and buyer demand.
- Pended Sales Absorption Rate:
This metric also showed variability, peaking at 99.1% in April 2023 and dropping to 42.8% in October 2023.
Conclusion
The housing market in San Joaquin County from March 2023 to May 2024 exhibited significant changes in inventory levels, sales activity, and pricing.
Overall, there was an upward trend in home values and a decrease in the average time homes spent on the market.
Seasonal fluctuations and economic factors likely influenced these trends, creating a dynamic and evolving real estate landscape.
I am looking forward to sitting down together to talk about making your next best move!
Whether your goal is to invest, upsize, downsize, or relocate, our team is ready to provide assistance.
Based on information from California Regional Multiple Listing Service, Inc. as of September 26, 2026 5:50 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Last updated: September 26, 2026 5:37 PM UTC Property Information © 2026 
All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList© may not reflect all real estate activity in the market.
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MetroList CA data last updated: September 26, 2026 4:59 PM UTC 