Is Chico, 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, Chico has remained a Seller's Market.
Housing Prices in Chico, CA
How much do homes in Chico, CA cost?
Median Sold Price
$448,072
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Chico was $448,072 in March 2024, up 0.7% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $187.9K | +7.4% |
2 Bedrooms | $327K | $320K | -2.1% |
3 Bedrooms | $440K | $445.1K | +1.2% |
4 Bedrooms | $580K | $570K | -1.7% |
5+ Bedrooms | $662.5K | $743.1K | +12.2% |
Summary: Chico housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 12.2%.
Housing Supply in Chico, CA
How many homes are available in Chico, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
218 | 240 | +10.1% |
Summary: The Chico real estate market had 240 homes for sale in March 2024, a 10.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 25 | 27 | +8.0% |
3 Bedrooms | 101 | 122 | +20.8% |
4 Bedrooms | 78 | 77 | -1.3% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Chico housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 20.8%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 60 | +22.4% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Chico in March 2024, up by 22.4% month-over-month. Of the 60 sold homes, 43% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for Chico, CA
How long does it take to sell a home in Chico, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 37 Days | +10.2% |
Summary: Homes in Chico had an average of 37 days on market in Mar 2024, up by 10.2% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 60 homes were sold in Chico; 63% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.