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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sonoma County is a seller's market

Buyer's
Market

Difference Since November 2022

Since last year, Sonoma County has remained a Seller's Market.

Key Takeaway

Sonoma County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sonoma County, CA

How much do homes in Sonoma County, CA cost?

Median Sold Price

$795,681

$488/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

+$7,143(+0.9%)

Key Takeaway

Homes in Sonoma County have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in Sonoma County was $795,681 in November 2023, up 0.9% from last year, and the median price per square foot was $488.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $460K$461K
0.2%
2 $619.9K$616.6K
-0.5%
3 $781.9K$791.2K
+1.2%
4 $925K$932.3K
+0.8%
5+ $1.2M$1.1M
-8.2%

Summary: Sonoma County housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 8.2%.

Median Sold Price Compared To Nearby Counties

Sonoma County
+0.9%
Solano County
-3.2%
Lake County
-3.2%
Marin County
-8.5%
Napa County
-9.3%

Housing Supply in Sonoma County, CA

How many homes are available in Sonoma County, CA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
1,1861,083-8.7%

Summary: The Sonoma County real estate market had 1,083 homes for sale in November 2023, a 8.7% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 3940
+2.6%
2 260234
-10.0%
3 500451
-9.8%
4 275256
-6.9%
5+ 112102
-8.9%

Summary: The Sonoma County housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 2.6%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 8.9%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
329222-32.5%

Asking Price vs. Sold Price

99 Homes Were Sold
Under Asking

38 Homes Were Sold
At Asking

85 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sonoma County, you may be able to get a good deal. 44.6% of homes here sold below asking price last month.

Summary: A total of 222 homes were sold or pending in Sonoma County in November 2023, down by 32.5% month-over-month. Of the 222 sold homes, 45% were sold under asking, 17% were sold at asking, and 38% were sold over asking.

Days on Market for Sonoma County, CA

How long does it take to sell a home in Sonoma County, CA?

Average Sale Time

Nov 2022Nov 2023CHANGE
39 Days88 Days+125.0%

Summary: Homes in Sonoma County had an average of 88 days on market in Nov 2023, up by 125% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sonoma County has remained consistent over time.

Summary: During November 2023, 222 homes were sold in Sonoma County; 0% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.

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

Report Updated 6 Days Ago

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