What Is The Number Of Single-Family Residences In Paradise, California?

The Paradise real estate market saw a 3. 0 decrease in homes for sale in November 2024, compared to October 2024. On average, homes in Paradise sell after 93 days on the market, compared to 54 days last year. In September, there were 21 homes sold, up from 17 last year.

People choose to live in Paradise, California for its excellent neighborhoods, attractions, schools, crime data, and homes for sale or rent. Over 1, 000 homes have been rebuilt, including 1, 001 single-family homes. To find your dream single-family home for sale in Paradise, CA, visit realtor. com®, where you can view pictures, review sales history, and use detailed filters to find the perfect place.

Rebuilding updates and statistics as of November 20, 2024, show that 3, 414 building permits applications have been received for single-family homes, 2716 applications for single-family homes, 1737 homes have Certificates of Occupancy, 694 applications for multifamily homes, and 376 units have been rebuilt. To date, 2, 370 single-family homes and 516 multi-family units have been rebuilt, marking a substantial recovery milestone for the town.

The median sale price of a home in Paradise was $360K last month, down 4. 0 since last year. The median sale price per square foot in Paradise is $267, up 9. 0. Single-family homes for sale in Chico, CA, are also available, with 193 active listings available.

In summary, Paradise, CA offers a diverse range of neighborhoods, neighborhoods, and homes for sale, with a focus on recovery and resilience.

Is Paradise A Buyer'S Market?

Last year, Paradise, CA was a Buyer’s Market, characterized by lower prices and longer selling times. Currently, Paradise has shifted to a Seller’s Market where prices are higher and homes sell more quickly. Over the past year, homes in Paradise sold for 7. 3% less than the previous year. A market becomes a buyer’s market when supply exceeds demand; conversely, a seller’s market occurs when demand surpasses supply. In a buyer’s market, buyers can find more options and often receive price cuts and concessions from sellers, while in a seller's market, competition increases with buyers outnumbering sellers.

The dynamics of Florida's real estate market also exhibit regional variations, indicating diverse conditions. Although recent trends show an overall shift towards a more balanced market, certain areas like Paradise Valley remain firmly in a buyer's market scenario. The complexities of the housing market, influenced by factors like inventory levels and economic conditions, highlight the need for understanding buyer psychology and market dynamics.

As of October 2024, both Paradise, NV, and Paradise, UT are also classified as buyer's markets, illustrating broader trends across multiple regions. In summary, the real estate landscape is continually evolving, impacting both buyers and sellers significantly.

How Much Have Homes Sold In Paradise Compared To A Year Ago?

In Paradise, the real estate market has shown varying trends over the past year. The median home sold price in January 2024 was $416, 933, reflecting a decline of 7. 3% from the previous year, with a median price per square foot of $261. However, by November 2024, the median price rose to $420, 000, marking a 1. 2% increase, and the price per square foot reached $267. Homes in Paradise are typically selling after an average of 93 days on the market, compared to 54 days last year, with a reported 21 homes sold in September, up from 17 the previous year.

The median estimated home value stands at $408, 958, with sales experiencing fluctuations. Notably, in October 2024, home prices increased by 11. 4% from the previous year, with a median price of $390, 000, and homes sold after an average of 47 days. Currently, there are 799 homes listed for sale with a median price of $348, 724, reflecting a slight decrease of 0. 8% from last year. The overall housing inventory has expanded by 7. 9% compared to the prior year.

Properties have also shown mixed performance, with days on the market averaging 59, longer than the national average of 45 days. Overall, the Paradise real estate market continues to evolve amid fluctuating home values and inventory dynamics.

What Is The Median Household Income In Paradise CA?

In 2022, Paradise, CA, had a population of 6, 666 and a median age of 57. 9 years. The median household income stood at $54, 842, reflecting a decrease from $55, 555 in 2021 and $55, 836 in 2020. This figure represents approximately 74. 46% of the U. S. median household income of $74, 606 (inflation-adjusted). The highest median household income within Paradise was noted in Census Tract 22 at $91, 130, with overall income figures showing that the median household income in Paradise was $53, 465, which is 71.

2% lower than California's median of $91, 551. Per capita income in Paradise was reported at $34, 255, and the poverty rate reached 16. 47%. The average annual household income was recorded at $93, 379, while the median household income calculated over previous years settled around $77, 838. Income variances based on age show that those aged 45 to 64 years had a median income of $79, 970. Additional data indicate that the average household income within Paradise approached $112, 326, highlighting significant income distributions. The median home value was approximately $353, 846, illustrating the economic landscape of this California town amidst broader state and national income comparisons.

What Is The Cost Of Living In Paradise?

The cost of living in Paradise, California, has a median gross rent of $1, 106 and a March 2019 cost of living index of 95. 7, making it near average. With a population of 4, 476, including 97 urban and 3 rural residents, Paradise has a zip code of 95969. The average monthly cost of living here stands at $2, 388, placing it among the top 10 most expensive cities globally, with a ranking of 938th out of 9, 294 in the world, 832nd out of 2, 202 in the U.

S., and 291st out of 319 in California. Over the past year, costs have risen by 2. 5%, especially in Transportation, Food, and Housing. Despite being lower than the national average and most Californian cities, Paradise’s cost metrics reflect a significant expense for residents. Next, moving to island life in locations like Hawaii or The Bahamas reveals notable variations in living costs, with many reporting higher expenses due to housing, groceries, and utilities.

International and local living in such paradises can necessitate a budget of $2, 800 monthly. In Paradise, CA, to live comfortably, an income of around $61, 200 for families and $47, 600 for individuals is suggested, underscoring the high cost relative to other regions.

What City Has The Most Single-Family Homes?

Detroit, MI leads U. S. cities with the highest percentage of single-family homes, at 74. 2%. Following Detroit are Wichita, KS (73. 9%) and Bakersfield, CA (73. 8%). An analysis of single-family housing across over 300 U. S. cities was conducted using U. S. Census Bureau data.

New York stands out as the sole state where multi-family units prevail, constituting 46. 8% of housing, whereas in 35 states—including Idaho (78. 3%), Iowa (78. 2%), and Kansas (78. 1%)—more than 70% of homes are single-family units. Nationwide, around 82 million of the 129 million occupied housing units in 2021 were single-family residences, primarily owner-occupied.

Houston, TX boasts the highest total of single-family homes, totaling 219, 718. Meanwhile, constructing permits for new single-family homes are most prevalent in southern and Mountain states. Major cities like Dallas-Fort Worth and Houston led the way in housing construction in 2022, while cities like Memphis, TN-MS-AR and Oklahoma City, OK also reported significant numbers.

New constructions are seeing reserves of affordability, with certain cities providing promising opportunities for homebuyers in upcoming markets. Overall, the trend indicates a robust preference for single-family housing across various states and cities in the U. S.

How Many People Still Live In Paradise CA?

Paradise is a town situated in Butte County, California, within the Sierra Nevada foothills, experiencing notable growth post the devastating Camp Fire of November 2018. By 2024, the population of Paradise is projected to be approximately 9, 380, reflecting an annual growth rate of 13. 22%. This marks a significant recovery from only 4, 998 residents recorded in the 2020 census, although this represents a considerable drop from around 26, 218 in 2010.

As of 2023, the town's population was estimated at 8, 285, indicating a year-on-year increase of 14. 75%. The demographic makeup shows a median age of 66. 5 years, with 93. 49% of residents being US-born. A small percentage (4. 32%) of the population is foreign-born, which is lower than the national average. The town boasts a median household income of $112, 326 and a low poverty rate of 3. 28%. Despite the challenges from the wildfire, which destroyed a significant portion of Paradise's infrastructure and housing, recovery efforts are ongoing, contributing to the town's gradual repopulation and revitalization. Residents appreciate the area's natural beauty, characterized by tall pines and oaks, along with a cooler summer climate.

Are People Moving Back To Paradise California?

Years after the devastating Camp Fire, Paradise, California, has emerged as one of the state's fastest-growing cities. Utilizing insurance funds, residents have rebuilt neighborhoods, with many new homes larger than the originals. However, returning residents and businesses express that the town feels different from what it once was. Despite significant recovery, aerial photos from May 2023 illustrate a gradual comeback from the 2018 disaster, which destroyed 18, 800 structures.

While many are moving back to be closer to family, a national report highlights a trend of people relocating to more affordable areas. As Paradise approaches the five-year mark since the wildfire—ranked among the deadliest in U. S. history—questions linger over the high cost of home insurance and whether to rebuild in fire-prone zones. Nevertheless, the town's population has grown to 9, 142, drawing new residents attracted by its small-town charm and the allure of nature.

Although challenges remain, including economic concerns and safety measures being implemented, a renewed spirit is evident as community members envision a revitalized future, making Paradise a desirable destination for those seeking refuge from crowded urban centers.

Is It Expensive To Live In Paradise Valley?

The cost of living in Paradise Valley, Arizona, is significantly higher than the national average, with a cost of living index of 286, indicating it is 186 points above the U. S. average. Home prices in this affluent area start around $1. 275 million and can reach as high as $75 million for luxury estates, reflecting its upscale real estate market. The median home price is approximately $1, 250, 762, making it 791. 1% more expensive than the national average.

Paradise Valley is known for its exclusive luxury living amidst beautiful desert landscapes, appealing to wealthy buyers. According to the BestPlaces Livability Score, Paradise Valley ranks 101 out of 273 cities in terms of living costs. Additionally, housing expenses, including utilities, can run over $3, 000 a month for a typical residence. With a median income that aligns with its elevated costs, individuals looking to relocate should be mindful of the steep prices associated with living in this picturesque yet pricey area. The cost of living here is consistently reported as high, emphasizing the importance of understanding financial responsibilities before making a move.

How Many Single Family Homes For Sale In Paradise CA?

Currently, there are varying listings for single-family homes in Paradise, CA, with multiple agents highlighting between 97 and 129 properties for sale. These listings offer an assortment of homes, which can be explored in detail through pictures and sales histories on platforms such as Zillow and Homes. com. The median listing price for these homes is around $429, 000, with an average price per square foot at approximately $271. Real-time updates are available, along with the option to connect directly with real estate agents.

Additionally, there are 128 single story homes currently on the market. Home seekers can narrow down their choices using detailed filters and access information on nearby schools and neighborhood statistics. Recent data shows 106 active homes for sale in Paradise, with a total of 251 home sales recorded in the past year. Various homes, including specific properties like a single-family residence priced at $404, 900, are actively listed to cater to potential buyers.

Is Paradise CA A Good Place To Live?

Paradise, California, is a hidden gem in Northern California with a reasonable cost of living, making it attractive for home buyers and residents. Approximately 26, 000 people live in this quiet town, characterized by low crime rates, ensuring safety for its inhabitants. The town has a livability score of 72/100, ranking it 302 in California and 8, 376 in the United States, although it has little diversity and a prevalent drug presence without rampant crime. The schools in Paradise are recognized for their caring teachers, despite some negative reputations.

The town offers limited entertainment options but boasts beautiful natural surroundings, making it ideal for nature lovers. Young professionals and retirees are drawn to Paradise's suburban feel, with most residents owning their homes and a preference for conservative values. Although activities may be fewer, residents can still enjoy numerous parks and trails, enhancing the overall living experience.

Despite the challenges faced after wildfires, many locals maintain a positive attitude and strong sense of community through events like parades and festivals. While concerns about safety and rebuilding persist, the climate, affordable living expenses, quality education, and access to amenities contribute to the appeal of Paradise.

In summary, Paradise, CA, combines low living costs, a supportive community, and attractive natural features. It may not be for everyone, but for those seeking a quieter lifestyle away from the hustle and bustle, it represents a compelling option among California's towns. Discovering its pros and cons can help individuals determine if Paradise is the right place for them to call home.