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Is Calpine, CA 96124 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Calpine is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list97.5%Sold price ÷ list price
Median days on market52Listing to accepted offer
Median price per sq ft$289▲ +58.0% vs. last year

The Calpine housing market right now

In the three months ending August 31, 2026, 0% of homes in Calpine, CA 96124 sold above their list price, the typical home went under contract in 52 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (313 days then) and the median sale price rose 178% to $438,810. Overall, Calpine is more competitive than a year ago, so tougher for buyers.

Nearby, Loyalton 96118 (29% sold over asking) is even more competitive.

Run the numbers for 96124

Prefilled for 96124Can I win this house?Multiple-offer likelihood for a listing Prefilled for 96124Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alleghany 95910 — /sq ftDownieville 95936 — /sq ftLoyalton 96118Seller’s market $229 /sq ftNorth San Juan 95960Buyer’s market $239 /sq ft Browse all markets →

Where Calpine is

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Questions about Calpine real estate

Is Calpine a buyer’s or seller’s market?

A seller’s market: there were 3.2 months of supply in Calpine, CA 96124 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Calpine?

The typical home went under contract in 52 days in the latest three months.

Do homes in Calpine sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.

What are property taxes in Calpine?

About 1.15% of a home’s value a year in Sierra County, or roughly $4,600 on a $400,000 home.

What is the median home price in Calpine?

The median sale price was $438,810 in the three months ending August 31, 2026, about $289 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology