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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cobb is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Cobb was a Seller's Market.

Key Takeaway

Cobb is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cobb, CA

How much do homes in Cobb, CA cost?

Median Sold Price

$307,500

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$3,000(+1.0%)

Key Takeaway

Homes in Cobb have sold for 1% more than they did a year ago.

Summary: The median home sold price in Cobb was $307,500 in May 2024, up 1% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $205.7K$132.5K
-35.6%
2 $259.5K$277K
+6.7%
3 $379K$353.5K
-6.7%
4 $540K$545K
+0.9%
5+ -$820K
N/A

Summary: Cobb housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.6%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lower Lake
+5.4%
Cobb
+1.0%
Clearlake Riviera
-1.3%
Middletown
-3.8%
Kelseyville
-3.8%

Housing Supply in Cobb, CA

How many homes are available in Cobb, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4041+2.5%

Summary: The Cobb real estate market had 41 homes for sale in May 2024, a 2.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 20
-100.0%
2 1614
-12.5%
3 1723
+35.3%
4 43
-25.0%
5+ 11
0.0%

Summary: The Cobb housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 35.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
113-72.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cobb, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Cobb in May 2024, down by 72.7% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Cobb, CA

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

Average Sale Time

May 2023May 2024CHANGE
49 Days139 Days+181.8%

Summary: Homes in Cobb had an average of 139 days on market in May 2024, up by 181.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 3 homes were sold in Cobb; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 13 Days Ago

Newest Listings in Cobb, CA

Nearby Markets to Cobb, CA

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