$1,200,000
22.55 Acres
Land
Denise Stovall, Listing Office: Vanguard Properties
Is Sonoma, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
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 in Sonoma, CA
How much do homes in Sonoma, CA cost?
Median Sold Price
$910,000
$626/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since August 2023.
Key Takeaway
The sold price of homes in Sonoma has remained the same since last year.
Summary: The median home sold price in Sonoma was $910,000 in August 2024, the same as last year, and the median price per square foot was $626.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $528.5K | +17.4% |
| 2 Bedrooms | $737.5K | $749.5K | +1.6% |
| 3 Bedrooms | $1.0M | $1.0M | -8.3% |
| 4 Bedrooms | $1.4M | $1.8M | +26.3% |
| 5+ Bedrooms | $2.8M | $3.2M | +13.3% |
Summary: Sonoma housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.4%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 13.3%.
Housing Supply in Sonoma, CA
How many homes are available in Sonoma, CA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 154 | 146 | -5.2% |
Summary: The Sonoma real estate market had 146 homes for sale in August 2024, a 5.2% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 35 | 32 | -8.6% |
| 3 Bedrooms | 72 | 70 | -2.8% |
| 4 Bedrooms | 29 | 27 | -6.9% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Sonoma housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 33 | 31 | -6.1% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sonoma, you may be able to get a good deal. 64.5% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Sonoma in August 2024, down by 6.1% month-over-month. Of the 31 sold homes, 65% were sold under asking, 10% were sold at asking, and 26% were sold over asking.
Days on Market for Sonoma, CA
How long does it take to sell a home in Sonoma, CA?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sonoma are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 31 homes were sold in Sonoma; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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