Is Santa Rosa, 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, 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
$742,037
$458/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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 $742,037 in March 2024, up 4.2% from last year, and the median price per square foot was $458.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $380.5K | $387K | +1.7% |
| 2 Bedrooms | $563.7K | $550K | -2.4% |
| 3 Bedrooms | $713.9K | $729.9K | +2.2% |
| 4 Bedrooms | $869K | $905K | +4.1% |
| 5+ Bedrooms | $1.1M | $1.3M | +15.6% |
Summary: Santa Rosa housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 15.6%.
Median Sold Price Compared To Nearby Cities
| Sebastopol | $935K | $1.1M | +23.0% |
| Santa Rosa | $712.3K | $742K | +4.2% |
Housing Supply in Santa Rosa, CA
How many homes are available in Santa Rosa, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 328 | 394 | +20.1% |
Summary: The Santa Rosa real estate market had 394 homes for sale in March 2024, a 20.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 78 | 80 | +2.6% |
| 3 Bedrooms | 131 | 163 | +24.4% |
| 4 Bedrooms | 84 | 102 | +21.4% |
| 5+ Bedrooms | 27 | 42 | +55.6% |
Summary: The Santa Rosa housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 92 | 105 | +14.1% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
47 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Rosa, you could pay more than the asking price. 44.8% of homes here sold above asking price last month.
Summary: A total of 105 homes were sold or pending in Santa Rosa in March 2024, up by 14.1% month-over-month. Of the 105 sold homes, 37% were sold under asking, 18% were sold at asking, and 45% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 89 Days | 112 Days | +25.4% |
Summary: Homes in Santa Rosa had an average of 112 days on market in Mar 2024, up by 25.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Santa Rosa are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 105 homes were sold in Santa Rosa; 0% 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.
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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.