Pleasant Hill, CA 94523 Real Estate Market Report

ZIP Code: 94523
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The median sold price in Pleasant Hill is currently $988,888, reflecting a robust market despite a flat price year-over-year trend. This suggests that while prices have stabilized, they remain elevated, indicating strong buyer interest. The market temperature is classified as hot, which typically signifies that demand is outpacing supply, although the 298 days on market indicates a slower sales velocity, potentially due to elevated interest rate pressure affecting buyer purchasing power.

Inventory conditions show elevated levels, with excess supply relative to sales activity. The median listing price stands at $929,000, which creates a notable pricing gap compared to the median sold price. This discrepancy may indicate that sellers are optimistic about achieving higher sale prices, while buyers are navigating a market with 6.5% average mortgage rates, which are 0.4% higher than early 2026 rates. Overall, the market remains competitive, but buyers may face challenges due to prolonged days on market and elevated financing costs.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Pleasant Hill, CA are averaging 6.5%, which is 0.4% higher than the average rates seen in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price of $988,888 indicates strong market value despite a flat price trend year-over-year.

2. Elevated inventory levels suggest excess supply relative to sales activity, impacting market dynamics.

3. The median days on market of 298 reflects a slower sales velocity, which may deter some buyers.

4. With a median listing price of $929,000, there is a significant pricing gap compared to the sold price, indicating potential pricing friction in negotiations.

5. The rental market is experiencing rising rents, with a median market rent of $3,500, suggesting strong demand in the leasing sector.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.