Is Russian River-Sonoma Coast, 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, Russian River-Sonoma Coast has remained a Seller's Market.
Key Takeaway
Russian River-Sonoma Coast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Russian River-Sonoma Coast, CA
How much do homes in Russian River-Sonoma Coast, CA cost?
Median Sold Price
$793,000
$582/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Russian River-Sonoma Coast has remained the same since last year.
Summary: The median home sold price in Russian River-Sonoma Coast was $793,000 in April 2024, up 0.2% from last year, and the median price per square foot was $582.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $503K | $479.5K | -4.7% |
| 2 Bedrooms | $700K | $702.5K | 0.4% |
| 3 Bedrooms | $1.0M | $910K | -14.0% |
| 4 Bedrooms | $1.2M | $1.1M | -12.6% |
| 5+ Bedrooms | $2.1M | $1.9M | -7.1% |
Summary: Russian River-Sonoma Coast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 14%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Cloverdale-Geyserville | $655K | $670K | +2.3% |
| Russian River-Sonoma Coast | $791.3K | $793K | 0.2% |
| Guerneville | $635K | $532.5K | -16.1% |
Housing Supply in Russian River-Sonoma Coast, CA
How many homes are available in Russian River-Sonoma Coast, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 91 | 135 | +48.4% |
Summary: The Russian River-Sonoma Coast real estate market had 135 homes for sale in April 2024, a 48.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 14 | +40.0% |
| 2 Bedrooms | 32 | 49 | +53.1% |
| 3 Bedrooms | 33 | 51 | +54.5% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Russian River-Sonoma Coast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 53.1%, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 25 | +66.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Russian River-Sonoma Coast, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Russian River-Sonoma Coast in April 2024, up by 66.7% month-over-month. Of the 25 sold homes, 40% were sold under asking, 36% were sold at asking, and 24% were sold over asking.
Days on Market for Russian River-Sonoma Coast, CA
We’re sorry, we don't have information for this market at the moment
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