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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tehama County is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Tehama County was a Seller's Market.

Key Takeaway

Tehama County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Tehama County, CA

How much do homes in Tehama County, CA cost?

Median Sold Price

$329,000

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$12,833(+4.1%)

Key Takeaway

Homes in Tehama County have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Tehama County was $329,000 in February 2024, up 4.1% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $155K$178.2K
+15.0%
2 $242K$261.2K
+8.0%
3 $319.5K$336.5K
+5.3%
4 $477K$370K
-22.4%
5+ $457.5K$600K
+31.1%

Summary: Tehama County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 22.4%, and 5+ bedroom homes increased by 31.1%.

Median Sold Price Compared To Nearby Counties

Glenn County
+7.6%
Tehama County
+4.1%
Shasta County
+0.6%
Butte County
-5.3%

Housing Supply in Tehama County, CA

How many homes are available in Tehama County, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
129115-10.9%

Summary: The Tehama County real estate market had 115 homes for sale in February 2024, a 10.9% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 12
+100.0%
2 2821
-25.0%
3 6964
-7.2%
4 2724
-11.1%
5+ 44
0.0%

Summary: The Tehama County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2912-58.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tehama County, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.

Summary: A total of 12 homes were sold or pending in Tehama County in February 2024, down by 58.6% month-over-month. Of the 12 sold homes, 25% were sold under asking, 42% were sold at asking, and 33% were sold over asking.

Days on Market for Tehama County, CA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
103 Days65 Days-36.0%

Summary: Homes in Tehama County had an average of 65 days on market in Feb 2024, down by 36% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 12 homes were sold in Tehama County; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 27 Days Ago

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