Is Petaluma, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Petaluma has remained a Seller's Market.
Housing Prices in Petaluma, CA
How much do homes in Petaluma, CA cost?
Median Sold Price
$925,875
$559/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Petaluma was $925,875 in April 2024, up 6.8% from last year, and the median price per square foot was $559.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $409.5K | $540K | +31.9% |
2 Bedrooms | $667.5K | $707.5K | +6.0% |
3 Bedrooms | $827.5K | $889.2K | +7.5% |
4 Bedrooms | $949.9K | $1.0M | +8.4% |
5+ Bedrooms | $1.2M | $1.1M | -1.5% |
Summary: Petaluma housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.9%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in Petaluma, CA
How many homes are available in Petaluma, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
139 | 133 | -4.3% |
Summary: The Petaluma real estate market had 133 homes for sale in April 2024, a 4.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 64 | 57 | -10.9% |
4 Bedrooms | 51 | 48 | -5.9% |
5+ Bedrooms | 8 | 14 | +75.0% |
Summary: The Petaluma housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 40 | -16.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Petaluma in April 2024, down by 16.7% month-over-month. Of the 39 sold homes, 23% were sold under asking, 18% were sold at asking, and 59% were sold over asking.
Days on Market for Petaluma, CA
How long does it take to sell a home in Petaluma, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
160 Days | 279 Days | +74.7% |
Summary: Homes in Petaluma had an average of 279 days on market in Apr 2024, up by 74.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 40 homes were sold in Petaluma; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.