Stockton Housing Market Statistics
Questions About Selling a House in Stockton
What’s the housing market like in Stockton?
It’s cheap, above all else. The average housing cost of $345,000 is a pittance by California standards and especially eye-raising given how close it is to the prohibitively expensive city of San Francisco. And despite criticism regularly lobbed Stockton’s way, the market remains competitive. Properly positioning your house in the Stockton housing market should be an especially high priority if you’re selling your house yourself. The average selling price of homes is increasing a modest but steady 7% or so every year, and there are some indications that Stockton could be back on the rise. Recent funding for police, a public street art initiative, and the general strength of the people who call Stockton home provide a feasible argument for Stockton real estate as a sensible long term investment.
How old are the houses in Stockton?
Being a poorer city, Stockton doesn’t necessarily have the resources its bigger siblings do for preserving its historical heritage. That said, Stockton has designated two historic districts: the Doctor’s Row District and the Magnolia District. But while this isn’t a city plentiful with historic buildings, much of the houses here are a bit older.
How long does it take to sell a house in Stockton?
The competitive market of Stockton makes it an especially appealing choice for someone needing a quick turnaround. You can expect roughly ten days from the time you put your house on the market until the point that it closes. That said, those numbers can be a bit deceptive. That ten-day period doesn’t take into account the renovations, staging, and other logistics that need to be dealt with before you can even show your house. Finding a buyer like Sundae that’s willing to take your house as-is, you don’t have to worry about the months—or even years—that you could otherwise spend trying to get your house prepped for sale.
What is the best time to sell a house in Stockton?
Remembering the right time to sell a house in Stockton doesn’t have to be that difficult. Exercise patience during the winter and spring months, and position it for sale in the summer. A house sold in the peak month of July will, on average, make 13% more than someone who sells their house in the lull month of February. That same schedule applies if you’re looking to unload your house fast too. A house sold in July could trim down the time your house is on the market by eight days. By contrast, a house solid in January could take an extra two weeks beyond the average to actually close.
What taxes do I pay when selling a house in Stockton?
If you’ve had your home for more than a year, the biggest potential expense is going to come in the form of capital gains taxes. These taxes don’t need to be paid until you sell your property, but it can eat into your profit in a serious way. You could find yourself paying up to 20% in capital gains taxes alone. But if you do things properly, you might not even need to worry about the capital gains tax. Taxpayers can write off up to $250,000 in capital gains tax when selling a home. With that resolved, the cost of local, state, and national taxes aren’t that worrying.
What’s the fastest way to sell a house in Stockton?
The fastest way to sell a house almost anywhere is to let someone else do it for you. Even better is to sell someone your house as-is, without having to run the risk of financial and time investments that come with renovating a new house. Companies like Sundae can be an especially valuable asset when you need a house sold quickly and aren’t worried about squeezing every cent from your investment.