Is Mendocino County, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mendocino County is a buyer's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Mendocino County, CA cost?

Median Sold Price

$561,444

$359/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$11,814(+2.1%)

Key Takeaway

Homes in Mendocino County have sold for 2.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $543K$425K
-21.7%
2 $525K$510K
-2.9%
3 $540K$568K
+5.2%
4 $650K$670K
+3.1%
5+ $787.5K$767K
-2.6%

Median Sold Price Compared To Nearby Counties

Glenn County
+9.7%
Sonoma County
+8.3%
Lake County
+4.7%
Mendocino County
+2.1%
Tehama County
-5.9%

How many homes are available in Mendocino County, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
378374-1.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 2325
+8.7%
2 114114
0.0%
3 177175
-1.1%
4 4745
-4.3%
5+ 1715
-11.8%

Number of Homes Sold

Sep 2022Oct 2022%
5846-20.7%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mendocino County, you may be able to get a good deal. 69.6% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
35 Days32 Days-7.5%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Mendocino County, CA

Homes for sale in Mendocino County, CA have reached 374. The number of homes for sale in Mendocino County, CA decreased by 1.1% between September 2022 and October 2022. In October 2022, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $561,444. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went down by 21.7%, 2 bedrooms properties prices decreased by 2.9%, prices of 3 bedrooms properties increased by 5.2%, 4 bedrooms properties became 3.1% more expensive, 5 bedrooms properties prices decreased by 2.6%. Housing inventory have changed in this real estate market: number of 1 bedroom homes increased by 8.7%, number of 2 bedrooms homes remained the same, 3 bedrooms homes inventory decreased by 1.1%, the quantity of 4 bedrooms homes went down by 4.3%, volume of 5 bedrooms homes went down by 11.8%. While more than 6 listings in Mendocino County, CA in October 2022 were sold above asking price, there were more than 8 listings sold at asking price, and more than 32 were sold below.

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