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 March 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 March 2023

-$15,400(-2.8%)

Key Takeaway

Homes in Vallejo have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in Vallejo was $525,000 in March 2024, down 2.8% from last year, and the median price per square foot was $368.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $260K$240K
-7.7%
2 $435K$440K
+1.1%
3 $537.4K$525K
-2.3%
4 $652.1K$655.5K
0.5%
5+ $750K$667K
-11.1%

Summary: Vallejo housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 11.1%.

Median Sold Price Compared To Nearby Cities

Fairfield-Suisun City
-0.3%
Benicia
-0.5%
Vallejo
-2.8%
West Contra Costa
-3.1%
American Canyon
-7.0%

Housing Supply in Vallejo, CA

How many homes are available in Vallejo, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
218251+15.1%

Summary: The Vallejo real estate market had 251 homes for sale in March 2024, a 15.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1211
-8.3%
2 6066
+10.0%
3 93111
+19.4%
4 4350
+16.3%
5+ 1013
+30.0%

Summary: The Vallejo housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 30%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
6467+4.7%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

30 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. 45.5% of homes here sold above asking price last month.

Summary: A total of 67 homes were sold or pending in Vallejo in March 2024, up by 4.7% month-over-month. Of the 66 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% 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

Mar 2023Mar 2024CHANGE
29 Days22 Days-23.1%

Summary: Homes in Vallejo had an average of 22 days on market in Mar 2024, down by 23.1% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

4 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 March 2024, 67 homes were sold in Vallejo; 28% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 1% 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 23 Days Ago

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