Is Redwood Valley-Potter Valley, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Redwood Valley-Potter Valley is a neutral's market

Buyer's
Market

Difference Since November 2020

At the same time last year, Redwood Valley-Potter Valley was a Seller's Market.

Key Takeaway

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

How much do homes in Redwood Valley-Potter Valley, CA cost?

Median Sold Price

$637,500

$357/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$108,500(+20.5%)

Key Takeaway

Homes in Redwood Valley-Potter Valley have sold for 20.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $599.5K$370K
-38.3%
2 $425K$650K
+52.9%
3 $532.7K$617.5K
+15.9%
4 $670K$650K
-3.0%
5+ $445K$1.2M
+169.7%

Median Sold Price Compared To Nearby Cities

Redwood Valley-Potter Valley
+20.5%
Redwood Valley
+19.0%
Mendocino
+4.2%

How many homes are available in Redwood Valley-Potter Valley, CA?

Number of Homes For Sale

Oct 2021Nov 2021%
3638+5.6%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 11
0.0%
2 77
0.0%
3 2222
0.0%
4 57
+40.0%
5+ 11
0.0%

Number of Homes Sold

Oct 2021Nov 2021%
56+20.0%

Asking Price vs. Sold Price

3 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 Redwood Valley-Potter Valley, you may be able to get a good deal. 50% of homes here sold below asking price last month.

About Redwood Valley-Potter Valley, CA

Number of homes for sale in Redwood Valley-Potter Valley, CA real estate market have reached 38. The number of listings in Redwood Valley-Potter Valley, CA increased by 5.6% between October 2021 and November 2021. From October 2021 through November 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties decreased by 38.3%, prices of 2 bedrooms properties went up by 52.9%, prices of 3 bedrooms properties increased by 15.9%, 4 bedrooms properties prices decreased by 3%, the cost of 5 bedrooms properties went up by 169.7%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes did not move, 3 bedrooms homes did not move, 4 bedrooms homes became 40% more available, number of 5 bedrooms homes remained the same. While more than 2 listings in Redwood Valley-Potter Valley, CA in November 2021 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below.

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