Is Sonoma, 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, Sonoma has remained a Seller's Market.
Housing Prices in Sonoma, CA
How much do homes in Sonoma, CA cost?
Median Sold Price
$910,000
$627/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sonoma was $910,000 in March 2024, down 13.3% from last year, and the median price per square foot was $627.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $425K | $415K | -2.4% |
2 Bedrooms | $725.7K | $775K | +6.8% |
3 Bedrooms | $1.2M | $1.0M | -19.8% |
4 Bedrooms | $1.4M | $1.8M | +31.1% |
5+ Bedrooms | $2.0M | $4.3M | +117.0% |
Summary: Sonoma housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 6.8%, 3 bedroom homes decreased by 19.8%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes increased by 117%.
Housing Supply in Sonoma, CA
How many homes are available in Sonoma, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
81 | 111 | +37.0% |
Summary: The Sonoma real estate market had 111 homes for sale in March 2024, a 37.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 27 | 32 | +18.5% |
3 Bedrooms | 28 | 43 | +53.6% |
4 Bedrooms | 17 | 21 | +23.5% |
5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Sonoma housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 53.6%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 22 | +46.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Sonoma in March 2024, up by 46.7% month-over-month. Of the 22 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Sonoma, CA
We’re sorry, we don't have information for this market at the moment