The Terrace housing market is somewhat competitive. The median sale price of a home in Terrace was $930K last month, down 22.5% since last year. The median sale price per square foot in Terrace is $426, down 21.2% since last year.
In October 2024, Terrace home prices were down 22.5% compared to last year, selling for a median price of $930K. On average, homes in Terrace sell after 30 days on the market compared to 40 days last year. There were 5 homes sold in October this year, down from 7 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$930,000
-22.5% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Terrace, CA
$930,000
-22.5%
United States
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How hot is the Terrace housing market?
Terrace is somewhat competitive. Homes sell in 25 days.
0
100
69
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Some homes get multiple offers.
The average homes sell for about 3% above list price and go pending in around 25 days.
Hot homes
can sell for about 6% above list price and go pending in around 17 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Terrace housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Terrace.
Flood Factor - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Terrace has a minor risk of flooding. 34 properties in Terrace are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Terrace. Flood risk is increasing slower than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
Terrace has a major risk of wildfire. There are 1,875 properties in Terrace that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in Terrace.