Bay Area Market Cooling But Contra Costa County Is Holding Ground

The broader Bay Area is seeing inventory rise, sales slow, and price growth flatten. But in Contra Costa County and in cities like Walnut Creek or Concord, we’re seeing a more tempered adjustment than dramatic shifts.

Here’s what’s happening locally and what it means for you.

Contra Costa County Snapshot

• As of April 2025, the median list price in Contra Costa was around $707,616, down about 2.4 percent year over year

• Home prices in the county have dropped about 4.6 percent year to date compared to last year

• Single family resale median prices are down roughly 5.9 percent year over year in some parts of the county

• In the central Contra Costa area, the median home list price was around $788,888 in April 2025, a 3.4 percent decline from the prior month

Takeaway: The county is seeing mild downward pressure, not collapse. Well priced, move in ready homes are still retaining value

Walnut Creek and Concord Trends

Walnut Creek

• June 2025 saw median home prices 4.3 percent higher than a year earlier

• The average home value is around $1,083,799, down about 3.5 percent year over year

• In neighborhoods like Parkmead, home values declined about 2.4 percent annually

• Homes in Walnut Creek tend to move fast — listings go pending in about 15 days on average

• Nearly 48 percent of homes in Walnut Creek sell above list price in many months

Concord and Central Contra Costa

• Trends in the central county, including Concord, show the same softening seen across Contra Costa

• Listings are more frequent and buyers have slightly more breathing room than during peak seasons

Takeaway: Walnut Creek is showing mixed signals. Some segments are holding strong while others are cooling. Concord and nearby areas are adjusting more slowly but staying stable overall.

What These Trends Mean for Your Local Strategy

For Sellers

• Be bold with pricing from the start. Overpricing leads to stale listings

• Focus on presentation. Buyers are still drawn to homes that feel move in ready

• Emphasize upgrades, outdoor space, and energy efficiency

• Expect negotiation — credits and small repairs are back on the table

For Buyers

• You have more leverage and more inventory to choose from

• Don’t hesitate if a home checks all the boxes — great homes still move quickly

• Look at long term value. Buying right matters more than buying fast

• Track neighborhoods that are holding value better than others

For Everyone

• Keep an eye on interest rates — they directly affect your budget

• Pay attention to time on market and price reductions in your target areas

• Use a hyperlocal expert who knows the block by block dynamics

Want to talk strategy for your next move?
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