Is Cottonwood, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Cottonwood has remained a Seller's Market.
Key Takeaway
Cottonwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cottonwood, CA
How much do homes in Cottonwood, CA cost?
Median Sold Price
$370,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Cottonwood have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Cottonwood was $370,000 in June 2024, up 2.4% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259K | $404K | +56.0% |
| 2 Bedrooms | $253.5K | $269.5K | +6.3% |
| 3 Bedrooms | $362K | $360K | -0.6% |
| 4 Bedrooms | $479K | $459K | -4.2% |
| 5+ Bedrooms | $515K | $560K | +8.7% |
Summary: Cottonwood housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
| West Tehama | $344.9K | $505K | +46.4% |
| Southwest Shasta | $415K | $459K | +10.6% |
| Cottonwood | $361.3K | $370K | +2.4% |
| Anderson | $319.9K | $327.5K | +2.4% |
Housing Supply in Cottonwood, CA
How many homes are available in Cottonwood, CA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 96 | 100 | +4.2% |
Summary: The Cottonwood real estate market had 100 homes for sale in June 2024, a 4.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 66 | 73 | +10.6% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Cottonwood housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cottonwood, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Cottonwood in June 2024, down by 10.5% month-over-month. Of the 17 sold homes, 59% were sold under asking, 24% were sold at asking, and 18% were sold over asking.
Days on Market for Cottonwood, CA
How long does it take to sell a home in Cottonwood, CA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 71 Days | 84 Days | +18.1% |
Summary: Homes in Cottonwood had an average of 84 days on market in Jun 2024, up by 18.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cottonwood has remained consistent over time.
Summary: During June 2024, 17 homes were sold in Cottonwood; 0% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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