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

Housing Market Conditions



Gauge showing Chico is a seller's market


Difference Since August 2022

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

Key Takeaway

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

Housing Prices

How much do homes in Chico, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Chico have sold for 4.4% less than they did a year ago.

Summary: The median home sold price in Chico was $439,975 in August 2023, down 4.4% from last year, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $200K$175K
2 $325K$307.5K
3 $446.2K$435K
4 $581.5K$599.9K
5+ $692K$638K

Summary: Chico housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 7.8%.

Housing Supply

How many homes are available in Chico, CA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Chico real estate market had 261 homes for sale in August 2023, a 3.3% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 34
2 3636
3 147145
4 7063
5+ 1413

Summary: The Chico housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 7.1%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

33 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chico, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.

Summary: A total of 69 homes were sold or pending in Chico in August 2023, down by 15.9% month-over-month. Of the 69 sold homes, 28% were sold under asking, 25% were sold at asking, and 48% were sold over asking.

Days on Market

How long does it take to sell a home in Chico, CA?

Average Sale Time

Aug 2022Aug 2023CHANGE
29 Days24 Days-17.9%

Summary: Homes in Chico had an average of 24 days on market in Aug 2023, down by 17.9% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chico are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 69 homes were sold in Chico; 67% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

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

Report Updated 25 Days Ago

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