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 October 2021

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.

How much do homes in Sonoma County, CA cost?

Median Sold Price

$780,886

$487/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$60,011(+8.3%)

Key Takeaway

Homes in Sonoma County have sold for 8.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $399.5K$450K
+12.6%
2 $560K$619.3K
+10.6%
3 $715.6K$775K
+8.3%
4 $869.5K$921K
+5.9%
5+ $1.1M$1.2M
+11.1%

Median Sold Price Compared To Nearby Counties

Napa County
+10.7%
Marin County
+8.6%
Sonoma County
+8.3%
Solano County
+7.4%
Lake County
+4.7%

How many homes are available in Sonoma County, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
1,1981,189-0.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 2927
-6.9%
2 273256
-6.2%
3 537529
-1.5%
4 284304
+7.0%
5+ 7573
-2.7%

Number of Homes Sold

Sep 2022Oct 2022%
340295-13.2%

Asking Price vs. Sold Price

127 Homes Were Sold
Under Asking

52 Homes Were Sold
At Asking

116 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. 43.1% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
60 Days21 Days-64.3%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sonoma County are selling fast, if you're buying plan to act quickly.

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

About Sonoma County, CA

Homes for sale in Sonoma County, CA have reached 1,189. In October 2022 in Sonoma County, CA there were 0.8% less homes for sale than in September 2022. In October 2022 median list price was $780,886 and the average listing age was 21 days. This housing market listing prices have changed between September 2022 and October 2022: 1 bedroom properties prices increased by 12.6%, prices of 2 bedrooms properties increased by 10.6%, prices of 3 bedrooms properties increased by 8.3%, 4 bedrooms properties prices increased by 5.9%, 5 bedrooms properties became 11.1% more expensive. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went down by 6.9%, the quantity of 2 bedrooms homes went down by 6.2%, 3 bedrooms homes became 1.5% less available, 4 bedrooms homes became 7% more available, number of 5 bedrooms homes decreased by 2.7%. While more than 116 listings in Sonoma County, CA in October 2022 were sold above asking price, there were more than 52 listings sold at asking price, and more than 127 were sold below.

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