Is Santa Rosa, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2022
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
How much do homes in Santa Rosa, CA cost?
Median Sold Price
$729,748
$455/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2022
Key Takeaway
Homes in Santa Rosa have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Santa Rosa was $729,748 in September 2023, up 4.2% from last year, and the median price per square foot was $455.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2022 | Sep 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360.5K | $376.5K | +4.4% |
| 2 Bedrooms | $546K | $565.3K | +3.5% |
| 3 Bedrooms | $705K | $722.1K | +2.4% |
| 4 Bedrooms | $830K | $911.5K | +9.8% |
| 5+ Bedrooms | $1.0M | $1.3M | +34.4% |
Summary: Santa Rosa housing prices by bedroom type for September 2023 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 34.4%.
Median Sold Price Compared To Nearby Cities
| Sebastopol | $950K | $1.1M | +21.0% |
| Santa Rosa | $700K | $729.7K | +4.2% |
Housing Supply
How many homes are available in Santa Rosa, CA?
Number of Homes For Sale
| Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|
| 444 | 481 | +8.3% |
Summary: The Santa Rosa real estate market had 481 homes for sale in September 2023, a 8.3% increase compared to August 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 9 | +50.0% |
| 2 Bedrooms | 74 | 81 | +9.5% |
| 3 Bedrooms | 202 | 215 | +6.4% |
| 4 Bedrooms | 125 | 128 | +2.4% |
| 5+ Bedrooms | 37 | 48 | +29.7% |
Summary: The Santa Rosa housing inventory by bedroom type for September 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 29.7%.
Number of Homes Sold
| Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|
| 125 | 108 | -13.6% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Rosa, you could pay more than the asking price. 46.3% of homes here sold above asking price last month.
Summary: A total of 108 homes were sold or pending in Santa Rosa in September 2023, down by 13.6% month-over-month. Of the 108 sold homes, 37% were sold under asking, 17% were sold at asking, and 46% were sold over asking.
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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.