Pleasant Hill, CA 94523 Real Estate Market Report

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

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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

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

Key Findings

1. $859,000 is the primary indicator of recent market value — the neighborhood's median sold price shows where transactions are clearing and should guide pricing and appraisal decisions given current conditions.
2. $996,500 median listing price versus $859,000 median sold price suggests a meaningful gap between asking and transaction levels that may indicate seller pricing optimism; price momentum is down year-over-year, so sellers should expect negotiation pressure.
3. 285 median days on market points to slower visible sales velocity for listed homes, which, combined with a hot market temperature, suggests transactions are occurring but often after extended marketing periods and selective acceptance; pricing strategy and condition will drive speed-to-contract.
4. $613 median price per square foot and $2,403 median market rent underscore elevated valuation metrics relative to rent, while interest rate pressure is moderate (current 30-year fixed rates around 6.6%), which may keep some buyers sidelined and support cautious underwriting.
5. The analyzed sample indicates relatively constrained active supply in the market, which, alongside a hot market temperature, suggests persistent demand even as price and rent trends are down; sellers can still achieve closings but should price to reflect recent sold prices rather than listing optimism.

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.