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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cottonwood is a neutral's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Cottonwood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Cottonwood, CA

How much do homes in Cottonwood, CA cost?

Median Sold Price

$375,000

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$18,000(+5.0%)

Key Takeaway

Homes in Cottonwood have sold for 5% more than they did a year ago.

Summary: The median home sold price in Cottonwood was $375,000 in May 2024, up 5% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $259K$404K
+56.0%
2 $243.2K$264.7K
+8.8%
3 $355K$368K
+3.7%
4 $459.9K$460K
0.0%
5+ $515K$530K
+2.9%

Summary: Cottonwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Cities

West Tehama
+34.5%
Southwest Shasta
+7.2%
Cottonwood
+5.0%
Anderson
+4.0%

Housing Supply in Cottonwood, CA

How many homes are available in Cottonwood, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
9598+3.2%

Summary: The Cottonwood real estate market had 98 homes for sale in May 2024, a 3.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 910
+11.1%
3 6568
+4.6%
4 1414
0.0%
5+ 76
-14.3%

Summary: The Cottonwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1516+6.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cottonwood, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Cottonwood in May 2024, up by 6.7% month-over-month. Of the 16 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% 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

May 2023May 2024CHANGE
69 Days65 Days-6.0%

Summary: Homes in Cottonwood had an average of 65 days on market in May 2024, down by 6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cottonwood has remained consistent over time.

Summary: During May 2024, 16 homes were sold in Cottonwood; 13% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 25% 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 12 Days Ago

Newest Listings in Cottonwood, CA

Nearby Markets to Cottonwood, CA

What housing markets are near Cottonwood, CA?