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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chowchilla is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Chowchilla, CA

How much do homes in Chowchilla, CA cost?

Median Sold Price

$419,495

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$49,495(+13.4%)

Key Takeaway

Homes in Chowchilla have sold for 13.4% more than they did a year ago.

Summary: The median home sold price in Chowchilla was $419,495 in March 2024, up 13.4% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $199K$152.5K
-23.4%
2 $249.5K$229K
-8.2%
3 $340K$347K
+2.1%
4 $419.7K$450.4K
+7.3%
5+ $457.2K$476K
+4.1%

Summary: Chowchilla housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.4%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 4.1%.

Housing Supply in Chowchilla, CA

How many homes are available in Chowchilla, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7362-15.1%

Summary: The Chowchilla real estate market had 62 homes for sale in March 2024, a 15.1% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 109
-10.0%
3 3730
-18.9%
4 2018
-10.0%
5+ 65
-16.7%

Summary: The Chowchilla 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 decreased by 10%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1815-16.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chowchilla, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Chowchilla in March 2024, down by 16.7% month-over-month. Of the 15 sold homes, 47% were sold under asking, 27% were sold at asking, and 27% were sold over asking.

Days on Market for Chowchilla, CA

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

Average Sale Time

Mar 2023Mar 2024CHANGE
49 Days25 Days-47.8%

Summary: Homes in Chowchilla had an average of 25 days on market in Mar 2024, down by 47.8% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 15 homes were sold in Chowchilla; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% 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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