Is Redwood Valley-Potter Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Redwood Valley-Potter Valley was a Seller's Market.
Key Takeaway
Redwood Valley-Potter Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Redwood Valley-Potter Valley, CA
How much do homes in Redwood Valley-Potter Valley, CA cost?
Median Sold Price
$533,750
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Redwood Valley-Potter Valley have sold for 15.3% less than they did a year ago.
Summary: The median home sold price in Redwood Valley-Potter Valley was $533,750 in March 2024, down 15.3% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $210K | -14.3% |
| 2 Bedrooms | $505K | $375K | -25.7% |
| 3 Bedrooms | $619.5K | $554.5K | -10.5% |
| 4 Bedrooms | $819K | $592.5K | -27.7% |
| 5+ Bedrooms | $912K | $3.1M | +243.9% |
Summary: Redwood Valley-Potter Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 25.7%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 27.7%, and 5+ bedroom homes increased by 243.9%.
Median Sold Price Compared To Nearby Cities
| Mendocino | $868.5K | $839K | -3.4% |
| Redwood Valley | $644.5K | $560K | -13.1% |
| Redwood Valley-Potter Valley | $629.9K | $533.7K | -15.3% |
Housing Supply in Redwood Valley-Potter Valley, CA
How many homes are available in Redwood Valley-Potter Valley, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 40 | +21.2% |
Summary: The Redwood Valley-Potter Valley real estate market had 40 homes for sale in March 2024, a 21.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Redwood Valley-Potter Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
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.
Summary: A total of 4 homes were sold or pending in Redwood Valley-Potter Valley in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Redwood Valley-Potter Valley, CA
We’re sorry, we don't have information for this market at the moment
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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.