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

Housing Market Conditions



Gauge showing Sonoma is a seller'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



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

# BEDSAug 2022Aug 2023CHANGE
1 $512.5K$485K
2 $695.2K$735K
3 $1.2M$1.0M
4 $1.4M$1.5M
5+ $1.5M$3.1M

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 2023Aug 2023CHANGE

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

# BEDSJul 2023Aug 2023CHANGE
1 33
2 3232
3 5855
4 2835
5+ 64

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 2023Aug 2023CHANGE

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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.

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

Report Updated 25 Days Ago

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