Is Vallejo, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Vallejo have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Vallejo was $525,000 in June 2024, down 1.1% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.5K | $249K | +7.1% |
| 2 Bedrooms | $437.5K | $438K | 0.1% |
| 3 Bedrooms | $525K | $530.5K | +1.1% |
| 4 Bedrooms | $650K | $626K | -3.7% |
| 5+ Bedrooms | $700K | $712.5K | +1.8% |
Summary: Vallejo housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Fairfield-Suisun City | $575K | $604.8K | +5.2% |
| American Canyon | $657.5K | $678K | +3.1% |
| West Contra Costa | $711K | $710.4K | -0.1% |
| Vallejo | $530.8K | $525K | -1.1% |
| Benicia | $775K | $765K | -1.3% |
Housing Supply in Vallejo, CA
How many homes are available in Vallejo, CA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 327 | 346 | +5.8% |
Summary: The Vallejo real estate market had 346 homes for sale in June 2024, a 5.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 7 | -22.2% |
| 2 Bedrooms | 63 | 72 | +14.3% |
| 3 Bedrooms | 148 | 161 | +8.8% |
| 4 Bedrooms | 91 | 93 | +2.2% |
| 5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The Vallejo housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 84 | 69 | -17.9% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vallejo, you could pay more than the asking price. 41.8% of homes here sold above asking price last month.
Summary: A total of 69 homes were sold or pending in Vallejo in June 2024, down by 17.9% month-over-month. Of the 67 sold homes, 34% were sold under asking, 24% were sold at asking, and 42% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 11 Days | 22 Days | +87.4% |
Summary: Homes in Vallejo had an average of 22 days on market in Jun 2024, up by 87.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 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 June 2024, 69 homes were sold in Vallejo; 28% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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