Is Mendocino, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mendocino has remained a Neutral Market.
Housing Prices in Mendocino, CA
How much do homes in Mendocino, CA cost?
Median Sold Price
$815,000
$501/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mendocino was $815,000 in April 2024, down 6.5% from last year, and the median price per square foot was $501.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $391K | $677.5K | +73.3% |
2 Bedrooms | $825K | $690K | -16.4% |
3 Bedrooms | $907.5K | $889K | -2.0% |
4 Bedrooms | $773.5K | $1.1M | +42.2% |
5+ Bedrooms | $2.1M | $1.5M | -25.6% |
Summary: Mendocino housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 73.3%, 2 bedroom homes decreased by 16.4%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 42.2%, and 5+ bedroom homes decreased by 25.6%.
Median Sold Price Compared To Nearby Cities
Manchester | $787K | $880K | +11.8% |
Mendocino | $871.7K | $815K | -6.5% |
Housing Supply in Mendocino, CA
How many homes are available in Mendocino, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 62 | -4.6% |
Summary: The Mendocino real estate market had 62 homes for sale in April 2024, a 4.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 27 | 23 | -14.8% |
3 Bedrooms | 23 | 27 | +17.4% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mendocino housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 14.8%, 3 bedroom homes increased by 17.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Mendocino in April 2024, up by 11.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Mendocino, CA
How long does it take to sell a home in Mendocino, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
75 Days | 85 Days | +12.8% |
Summary: Homes in Mendocino had an average of 85 days on market in Apr 2024, up by 12.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Mendocino; 30% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.