Is Benicia, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Benicia has remained a Seller's Market.
Housing Prices in Benicia, CA
How much do homes in Benicia, CA cost?
Median Sold Price
$773,333
$457/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Benicia was $773,333 in March 2024, down 0.5% from last year, and the median price per square foot was $457.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $367K | $360K | -1.9% |
2 Bedrooms | $562.5K | $570.5K | +1.4% |
3 Bedrooms | $727.7K | $770K | +5.8% |
4 Bedrooms | $905K | $917K | +1.3% |
5+ Bedrooms | $1.2M | $1.2M | +2.1% |
Summary: Benicia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
Fairfield-Suisun City | $591.5K | $589.5K | -0.3% |
Benicia | $777K | $773.3K | -0.5% |
Vallejo | $540.4K | $525K | -2.8% |
Housing Supply in Benicia, CA
How many homes are available in Benicia, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 59 | +22.9% |
Summary: The Benicia real estate market had 59 homes for sale in March 2024, a 22.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 21 | 21 | 0.0% |
3 Bedrooms | 12 | 17 | +41.7% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 1 | 5 | +400.0% |
Summary: The Benicia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 400%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 28 | +100.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Benicia in March 2024, up by 100.0% month-over-month. Of the 28 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Benicia, CA
How long does it take to sell a home in Benicia, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
3 Days | 21 Days | +622.2% |
Summary: Homes in Benicia had an average of 21 days on market in Mar 2024, up by 622.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in Benicia; 14% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.