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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vallejo is a seller's market

Buyer's
Market

Difference Since February 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

$368/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$19,833(-3.6%)

Key Takeaway

Homes in Vallejo have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in Vallejo was $525,000 in February 2024, down 3.6% from last year, and the median price per square foot was $368.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $262.5K$240K
-8.6%
2 $441K$440K
-0.2%
3 $540K$525K
-2.8%
4 $650K$656.2K
+1.0%
5+ $737K$679K
-7.9%

Summary: Vallejo housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.6%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 7.9%.

Median Sold Price Compared To Nearby Cities

Fairfield-Suisun City
-1.4%
Benicia
-3.0%
Vallejo
-3.6%
West Contra Costa
-3.8%
American Canyon
-9.8%

Housing Supply in Vallejo, CA

How many homes are available in Vallejo, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2142150.5%

Summary: The Vallejo real estate market had 215 homes for sale in February 2024, a 0.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 912
+33.3%
2 6056
-6.7%
3 8892
+4.5%
4 4844
-8.3%
5+ 911
+22.2%

Summary: The Vallejo housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
5957-3.4%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vallejo, you could pay more than the asking price. 50.9% of homes here sold above asking price last month.

Summary: A total of 57 homes were sold or pending in Vallejo in February 2024, down by 3.4% month-over-month. Of the 55 sold homes, 38% were sold under asking, 11% were sold at asking, and 51% 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

Feb 2023Feb 2024CHANGE
49 Days33 Days-31.5%

Summary: Homes in Vallejo had an average of 33 days on market in Feb 2024, down by 31.5% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 57 homes were sold in Vallejo; 19% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 2% 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 4 Days Ago

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