Is Santa Rosa, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santa Rosa is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Santa Rosa has remained a Seller's Market.

Key Takeaway

Santa Rosa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Santa Rosa, CA

How much do homes in Santa Rosa, CA cost?

Median Sold Price

$744,677

$464/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$14,677(+2.0%)

Key Takeaway

Homes in Santa Rosa have sold for 2% more than they did a year ago.

Summary: The median home sold price in Santa Rosa was $744,677 in September 2024, up 2% from last year, and the median price per square foot was $464.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $389K$390K
0.3%
2 $551.4K$573.1K
+3.9%
3 $720K$729.5K
+1.3%
4 $910K$933K
+2.5%
5+ $1.4M$1.2M
-11.9%

Summary: Santa Rosa housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 11.9%.

Median Sold Price Compared To Nearby Cities

Santa Rosa
+2.0%
Sebastopol
-2.4%

Housing Supply in Santa Rosa, CA

How many homes are available in Santa Rosa, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
570596+4.6%

Summary: The Santa Rosa real estate market had 596 homes for sale in September 2024, a 4.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 56
+20.0%
2 113115
+1.8%
3 244246
+0.8%
4 150163
+8.7%
5+ 5866
+13.8%

Summary: The Santa Rosa housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 13.8%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
145120-17.2%

Asking Price vs. Sold Price

55 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Rosa, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.

Summary: A total of 120 homes were sold or pending in Santa Rosa in September 2024, down by 17.2% month-over-month. Of the 120 sold homes, 46% were sold under asking, 20% were sold at asking, and 34% were sold over asking.

Days on Market for Santa Rosa, CA

How long does it take to sell a home in Santa Rosa, CA?

Average Sale Time

Sep 2023Sep 2024CHANGE
47 Days69 Days+47.5%

Summary: Homes in Santa Rosa had an average of 69 days on market in Sep 2024, up by 47.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 120 homes were sold in Santa Rosa; 2% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 1% 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 14 Days Ago

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