Is Petaluma, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Petaluma has remained a Seller's Market.
Housing Prices in Petaluma, CA
How much do homes in Petaluma, CA cost?
Median Sold Price
$926,312
$553/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Petaluma was $926,312 in March 2024, up 6.1% from last year, and the median price per square foot was $553.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $404.7K | $540K | +33.4% |
2 Bedrooms | $695K | $735K | +5.8% |
3 Bedrooms | $826K | $885.8K | +7.2% |
4 Bedrooms | $950K | $1.0M | +8.4% |
5+ Bedrooms | $1.2M | $1.1M | -3.6% |
Summary: Petaluma housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.4%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 3.6%.
Housing Supply in Petaluma, CA
How many homes are available in Petaluma, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
107 | 131 | +22.4% |
Summary: The Petaluma real estate market had 131 homes for sale in March 2024, a 22.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 14 | 12 | -14.3% |
3 Bedrooms | 50 | 62 | +24.0% |
4 Bedrooms | 32 | 45 | +40.6% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Petaluma housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 40.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 47 | +123.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Petaluma in March 2024, up by 123.8% month-over-month. Of the 46 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for Petaluma, CA
How long does it take to sell a home in Petaluma, CA?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 47 homes were sold in Petaluma; 0% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.