Is Mendocino County, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Mendocino County was a Buyer's Market.
Key Takeaway
Mendocino County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mendocino County, CA
How much do homes in Mendocino County, CA cost?
Median Sold Price
$535,333
$348/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mendocino County have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Mendocino County was $535,333 in April 2024, down 2.6% from last year, and the median price per square foot was $348.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $419K | $326.5K | -22.1% |
| 2 Bedrooms | $545K | $517.5K | -5.0% |
| 3 Bedrooms | $545K | $532K | -2.4% |
| 4 Bedrooms | $600K | $651K | +8.5% |
| 5+ Bedrooms | $902.5K | $980K | +8.6% |
Summary: Mendocino County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.1%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Counties
| Glenn County | $329.5K | $350K | +6.2% |
| Tehama County | $314K | $326.1K | +3.9% |
| Sonoma County | $786.2K | $801.3K | +1.9% |
| Mendocino County | $549.8K | $535.3K | -2.6% |
| Lake County | $347.6K | $335K | -3.6% |
Housing Supply in Mendocino County, CA
How many homes are available in Mendocino County, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 364 | 386 | +6.0% |
Summary: The Mendocino County real estate market had 386 homes for sale in April 2024, a 6.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 32 | +6.7% |
| 2 Bedrooms | 109 | 106 | -2.8% |
| 3 Bedrooms | 169 | 186 | +10.1% |
| 4 Bedrooms | 44 | 47 | +6.8% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Mendocino County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 56 | +5.7% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mendocino County, you may be able to get a good deal. 60.7% of homes here sold below asking price last month.
Summary: A total of 56 homes were sold or pending in Mendocino County in April 2024, up by 5.7% month-over-month. Of the 56 sold homes, 61% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for Mendocino County, CA
How long does it take to sell a home in Mendocino County, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 83 Days | +50.5% |
Summary: Homes in Mendocino County had an average of 83 days on market in Apr 2024, up by 50.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Mendocino County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 56 homes were sold in Mendocino County; 9% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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