Is Vallejo, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Vallejo has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $240K | -7.7% |
2 Bedrooms | $435K | $440K | +1.1% |
3 Bedrooms | $537.4K | $525K | -2.3% |
4 Bedrooms | $652.1K | $655.5K | 0.5% |
5+ Bedrooms | $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 | $591.5K | $589.5K | -0.3% |
Benicia | $777K | $773.3K | -0.5% |
Vallejo | $540.4K | $525K | -2.8% |
West Contra Costa | $738.4K | $715.4K | -3.1% |
American Canyon | $712.5K | $662.5K | -7.0% |
Housing Supply in Vallejo, CA
How many homes are available in Vallejo, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
218 | 251 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 11 | -8.3% |
2 Bedrooms | 60 | 66 | +10.0% |
3 Bedrooms | 93 | 111 | +19.4% |
4 Bedrooms | 43 | 50 | +16.3% |
5+ Bedrooms | 10 | 13 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 67 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 22 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
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.