Is Sonoma, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Sonoma has remained a Seller's Market.
Key Takeaway
Sonoma is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Sonoma, CA cost?
Median Sold Price
$910,000
$623/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Sonoma have sold for 18.6% less than they did a year ago.
Summary: The median home sold price in Sonoma was $910,000 in August 2023, down 18.6% from last year, and the median price per square foot was $623.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $512.5K | $485K | -5.4% |
| 2 Bedrooms | $695.2K | $735K | +5.7% |
| 3 Bedrooms | $1.2M | $1.0M | -14.5% |
| 4 Bedrooms | $1.4M | $1.5M | +8.7% |
| 5+ Bedrooms | $1.5M | $3.1M | +109.4% |
Summary: Sonoma housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes increased by 5.7%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 109.4%.
Housing Supply
How many homes are available in Sonoma, CA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 127 | 129 | +1.6% |
Summary: The Sonoma real estate market had 129 homes for sale in August 2023, a 1.6% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 32 | 32 | 0.0% |
| 3 Bedrooms | 58 | 55 | -5.2% |
| 4 Bedrooms | 28 | 35 | +25.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Sonoma housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sonoma, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Sonoma in August 2023, down by 7.7% month-over-month. Of the 24 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% 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.