$5,759 Closing Credit*
$485,000
1,020 SqFt
3 Beds
•1 Full Bath
Amy H Toumbs, Lory Hammond Lory Hammond, Listing Office: Coldwell Banker Solano Pacific
Is Vallejo, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Vallejo has remained a Seller's Market.
Key Takeaway
Vallejo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vallejo, CA
How much do homes in Vallejo, CA cost?
Median Sold Price
$525,000
$365/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since September 2023.
Key Takeaway
The sold price of homes in Vallejo has remained the same since last year.
Summary: The median home sold price in Vallejo was $525,000 in September 2024, the same as last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $240K | +2.1% |
| 2 Bedrooms | $440K | $435K | -1.1% |
| 3 Bedrooms | $520K | $528.3K | +1.6% |
| 4 Bedrooms | $649.5K | $624.5K | -3.8% |
| 5+ Bedrooms | $700K | $715K | +2.1% |
Summary: Vallejo housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Fairfield-Suisun City | $575K | $605.9K | +5.4% |
| American Canyon | $639K | $670K | +4.9% |
| Vallejo | $525K | $525K | 0.0% |
| Benicia | $775K | $765K | -1.3% |
| West Contra Costa | $718.1K | $698K | -2.8% |
Housing Supply in Vallejo, CA
How many homes are available in Vallejo, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 338 | 351 | +3.8% |
Summary: The Vallejo real estate market had 351 homes for sale in September 2024, a 3.8% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 73 | 71 | -2.7% |
| 3 Bedrooms | 151 | 155 | +2.6% |
| 4 Bedrooms | 88 | 93 | +5.7% |
| 5+ Bedrooms | 21 | 26 | +23.8% |
Summary: The Vallejo housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 23.8%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 88 | 84 | -4.5% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vallejo, you could pay more than the asking price. 52.5% of homes here sold above asking price last month.
Summary: A total of 84 homes were sold or pending in Vallejo in September 2024, down by 4.5% month-over-month. Of the 80 sold homes, 31% were sold under asking, 16% were sold at asking, and 53% were sold over asking.
Days on Market for Vallejo, CA
How long does it take to sell a home in Vallejo, CA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 21 Days | 36 Days | +72.3% |
Summary: Homes in Vallejo had an average of 36 days on market in Sep 2024, up by 72.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vallejo are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 84 homes were sold in Vallejo; 20% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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