Is Benicia, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benicia is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Benicia has remained a Seller's Market.

Key Takeaway

Benicia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Benicia, CA cost?

Median Sold Price

$748,000

$451/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$64,666(+9.5%)

Key Takeaway

Homes in Benicia have sold for 9.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $355K$310K
-12.7%
2 $440K$535K
+21.6%
3 $635K$730K
+15.0%
4 $795K$915K
+15.1%
5+ $910.5K$1.2M
+40.9%

Median Sold Price Compared To Nearby Cities

Vallejo
+17.0%
West Contra Costa
+13.2%
Fairfield-Suisun City
+13.2%
Benicia
+9.5%

How many homes are available in Benicia, CA?

Number of Homes For Sale

Apr 2022May 2022%
5568+23.6%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 1512
-20.0%
3 1523
+53.3%
4 2029
+45.0%
5+ 54
-20.0%

Number of Homes Sold

Apr 2022May 2022%
1920+5.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benicia, you could pay more than the asking price. 70% of homes here sold above asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Benicia, CA

Number of homes for sale in Benicia, CA real estate market have reached 68. The inventory of homes for sale in Benicia, CA between April 2022 and May 2022 increased by 23.6%. From April 2022 through May 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went down by 12.7%, the cost of 2 bedrooms properties went up by 21.6%, prices of 3 bedrooms properties increased by 15%, 4 bedrooms properties became 15.1% more expensive, 5 bedrooms properties prices increased by 40.9%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory decreased by 20%, volume of 3 bedrooms homes went up by 53.3%, the quantity of 4 bedrooms homes went up by 45%, 5 bedrooms homes became 20% less available. While more than 14 listings in Benicia, CA in May 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 4 were sold below.

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