Is Somis, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Somis is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Somis was a Seller's Market.

Key Takeaway

Somis is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Somis, CA cost?

Median Sold Price

$1,299,000

$480/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$49,000(+3.9%)

Key Takeaway

Homes in Somis have sold for 3.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $2.3M$700K
-69.9%
3 $965K$1.0M
+3.9%
4 $1.2M$1.1M
-6.1%
5+ $2.3M$1.6M
-29.4%

Median Sold Price Compared To Nearby Cities

Las Posas
+18.5%
Camarillo
+11.5%
Ventura
+8.9%
Somis
+3.9%

How many homes are available in Somis, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
1316+23.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 00
0.0%
3 34
+33.3%
4 45
+25.0%
5+ 67
+16.7%

Number of Homes Sold

Sep 2022Oct 2022%
02+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Somis, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
179 Days28 Days-84.4%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Somis, CA

Somis, CA has 16 homes on the market. The number of homes for sale in Somis, CA increased by 23.1% between September 2022 and October 2022. The median list price of listings available in October 2022 was $1,299,000, while the average time on the real estate market was 28 days. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went down by 69.9%, prices of 3 bedrooms properties went up by 3.9%, prices of 4 bedrooms properties went down by 6.1%, prices of 5 bedrooms properties went down by 29.4%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, number of 2 bedrooms homes remained the same, the quantity of 3 bedrooms homes went up by 33.3%, the quantity of 4 bedrooms homes went up by 25%, volume of 5 bedrooms homes went up by 16.7%. While more than 0 listings in Somis, CA in October 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 1 were sold below.

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