Is West 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, West Vallejo has remained a Seller's Market.
Key Takeaway
West Vallejo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Vallejo, CA
How much do homes in West Vallejo, CA cost?
Median Sold Price
$475,000
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Vallejo have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in West Vallejo was $475,000 in March 2024, down 3.2% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $226K | 0.4% |
| 2 Bedrooms | $435K | $437K | 0.5% |
| 3 Bedrooms | $525K | $510K | -2.9% |
| 4 Bedrooms | $590K | $580K | -1.7% |
| 5+ Bedrooms | $623K | $587.5K | -5.7% |
Summary: West Vallejo housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Neighborhoods
| South Vallejo | $500K | $500K | 0.0% |
| West Vallejo | $490.8K | $475K | -3.2% |
| East Vallejo | $613.5K | $585K | -4.6% |
Housing Supply in West Vallejo, CA
How many homes are available in West Vallejo, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 79 | 80 | +1.3% |
Summary: The West Vallejo real estate market had 80 homes for sale in March 2024, a 1.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 4 | -42.9% |
| 2 Bedrooms | 30 | 29 | -3.3% |
| 3 Bedrooms | 34 | 36 | +5.9% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The West Vallejo housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Vallejo, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in West Vallejo in March 2024, down by 8.0% month-over-month. Of the 23 sold homes, 35% were sold under asking, 17% were sold at asking, and 48% were sold over asking.
Days on Market for West Vallejo, CA
How long does it take to sell a home in West Vallejo, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 24 Days | +11.4% |
Summary: Homes in West Vallejo had an average of 24 days on market in Mar 2024, up by 11.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Vallejo are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in West Vallejo; 13% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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