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A Home Buyer’s Guide to the City of Walnut Creek, California

Planning a move to the San Francisco Bay Area in the near future? Looking for a family-friendly, suburban city where you can buy a home and settle down?

If so, you’ll want to put Walnut Creek on your short list.

This East Bay city of nearly 90,000 residents offers a lot of benefits for homeowners, including plenty of open space and picturesque views.

An Overview of Walnut Creek, California

Walnut Creek is a city in Contra Costa County, California, located in the East Bay region of the San Francisco Bay Area. It’s situated about 16 miles east of Oakland, at the junction of Interstate 680 and State Route 24, and is accessible by BART.

Map showing Walnut Creek, California

Walnut Creek lies within both the San Ramon Valley and the Ygnacio Valley, below the western slopes of Mount Diablo. The city encompasses a total area of approximately 20 square miles. The actual Walnut Creek for which the city is named passes beneath the downtown area through a series of tunnels.

Location Relative to Other Bay Area Cities

Walnut Creek serves as a key hub in Contra Costa County and the broader region, with easy access to and from other major cities in the Bay Area.

Here’s the distance from Walnut Creek to other key cities:

  • San Francisco: Approximately a 30-45 minute drive via the I-580 and I-680, depending on traffic. Alternatively, BART (Bay Area Rapid Transit) offers a convenient public transportation option.
  • Oakland: About a 20-30 minute drive via the CA-24 W and I-980, with BART providing an efficient commuting option.
  • San Jose: Roughly an hour’s drive south via I-680, making it accessible for those who work in Silicon Valley but prefer to live in a more suburban setting.
  • Berkeley: Around 20-30 minutes by car via CA-24 W, with public transportation options available via BART.

Walnut Creek also serves as a regional hub for retail, dining, and entertainment. The Broadway Plaza shopping center is a major attraction that offers a variety of upscale stores and restaurants. The city also has a significant office and commercial sector, with many companies headquartered or maintaining offices in Walnut Creek.

(Fun fact: Bridgepoint Funding worked out of Walnut Creek for many years, before moving our offices to Pleasant Hill.)

Arts and Culture

The Lesher Center for the Arts is a prominent cultural institution in Walnut Creek, hosting a variety of performances and events throughout the year. The city is also home to the Bedford Gallery, which showcases contemporary art exhibitions.

Lesher Center for the Arts
Lesher Center for the Arts in downtown Walnut Creek

Another popular attraction in Walnut Creek, the Lindsay Wildlife Experience provides a unique opportunity to observe and learn about native wildlife. It’s a family-friendly museum and wildlife rehabilitation center all rolled into one.

Parks and Recreation

Walnut Creek offers several well-maintained parks and recreational facilities. The popular Heather Farm Park features a community center, swimming pool, and multiple sports fields including a skate park. The city’s extensive trail system offers opportunities for hiking, biking, and walking.

Transportation

Walnut Creek is well-connected to the broader San Francisco Bay Area through a network of highways and public transportation options. The Walnut Creek BART station provides convenient access to San Francisco and other East Bay destinations. And if you live and work in Walnut Creek, you’ll have no trouble getting around by car.

Benefits of Living There, According to Residents

We’ve covered some of the benefits of living in Walnut Creek, California already. To give you an even better sense of what it’s like to live there, we reviewed online feedback from dozens of local residents.

For instance, the Berkeley Parents Network contains many discussion threads about Walnut Creek and how it compares to surrounding cities. Here are some of the most common reasons why people enjoy living there:

  • Safe and family-friendly neighborhoods
  • Good public schools
  • Large homes with plenty of space
  • Walkability to amenities in some areas
  • A variety of restaurants and shops
  • Easy access to nature trails and parks
  • A strong sense of community
  • Diversity, though not as much as Berkeley or Oakland
  • Less crowded than other East Bay communities
  • Pleasant weather, although hotter than areas west of the Caldecott tunnel

We all have our own preferences and priorities when choosing a place to live. But with so much positive feedback about Walnut Creek, you’ll definitely want to research it further.

And if you’re hoping to buy a home there, you’ll find this next section helpful.

The Walnut Creek Real Estate Market

The Walnut Creek real estate market can be summed up in a single sentence:

There usually aren’t enough homes on the market to meet the demand from buyers, and this leads to intense competition, high home prices, and quick sales.

The San Francisco Bay Area as a whole can be very competitive for home buyers. But the East Bay region, which includes Contra Costa and Alameda counties, takes it to the next level.

Why? Because a lot of people are moving into this area to get away from “big city life,” in favor of open spaces, spacious lots, and a suburban vibe. And the city of Walnut Creek delivers all of these benefits.

Here’s what home buyers should know before entering the Walnut Creek housing market.

1. Tight supply conditions can challenge buyers.

When this article was last updated, in summer of 2024, Contra Costa County had about a 1.5-month supply of homes for sale. That was less than the statewide average and well below the national average.

Tight inventory conditions can make it harder to find and purchase a house in Walnut Creek. Harder, but not impossible. We help Walnut Creek home buyers finance purchases on a regular basis. So that shows it can be done.

Still, you’ll need to pack your patience when entering this real estate market and also be willing to compromise. It’s rare to get everything you want from a home in a tight market. If you adopt this mindset before house hunting, you’ll have an easier go of it.

2. Home prices run well above the statewide average.

The median home price in Walnut Creek, California was around $1.1 million in mid-2024 and will probably be higher than that by the time you read these words.

During that same timeframe, the statewide median price for California was $786,000, and the national median was around $360,000.

So the Walnut Creek real estate market is pricey no matter how you measure it. We’ve already covered the primary reason for this. Buyer demand far exceeds the available supply of homes, fueling intense competition and boosting house values.

3. Homes sell quickly, often within days.

Homes tend to sell quickly in Walnut Creek. (The same is true for most of the East Bay.) Many properties go under contract within two weeks of the original listing. That doesn’t give home buyers a lot of time to ponder their options.

If you find a property that checks most of your boxes and falls within budget, you should be ready to pounce. If you don’t snatch it up, some other home buyer will.

That’s the reality of the Walnut Creek real estate market, and it underscores the importance of proper planning and research. Researching neighborhoods, home prices, and market conditions ahead of time can improve your chance for success.

4. Sellers have more negotiating leverage.

Walnut Creek home buyers should also know that sellers typically have more negotiating leverage when it comes to the sale price and other terms.

And once again, this comes down to supply and demand.

We talked about the tight inventory conditions within this housing market, and the strong demand from home buyers. Both of these factors shift the market in favor of sellers rather than buyers.

But don’t be discouraged. You can succeed in buying a home in Walnut Creek.

You just have to be aware of the negotiating dynamic. It’s not the kind of real estate market where you would want to low-ball the seller or quibble over minor repair items.

Advice for Local Home Buyers

Like the rest of the East Bay, the real estate market in Walnut Creek can move pretty fast. Buyers often find themselves competing fiercely for limited inventory.

Here are some ways to increase your chance for success in this market:

  • Get pre-approved. If you’re going to use a mortgage loan to finance your home purchase, you can benefit by getting pre-approved before entering the market. This will help you narrow your search to a specific price range while also making sellers more inclined to accept your offer.
  • Research neighborhoods. Home prices, styles, and sizes can vary significantly throughout Walnut Creek. You have a lot of options, but you’ll have to do some research to zero in on the right community based on your needs.
  • Find an agent. With such a high level of competition, Walnut Creek home buyers can benefit greatly from working with a real estate agent. An experience agent can help you find the right home in the right neighborhood at the right price, and submit a timely offer.
  • Contact Bridgepoint Funding. We’ve been operating in Contra Costa County for many years. We know the market and what it takes for home buyers to succeed. We offer a wide range of mortgage loan options, including FHA, VA and conventional.
Questions? Please contact our staff if you need financing to buy a home in Walnut Creek. We can pre-approve you for a loan to assist with your house hunting process.

Mike Trejo is a Bay Area mortgage broker with 20+ years of knowledge and experience.

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