Is Sonoma County, 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, Sonoma County has remained a Seller's Market.
Housing Prices in Sonoma County, CA
How much do homes in Sonoma County, CA cost?
Median Sold Price
$801,383
$496/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sonoma County was $801,383 in April 2024, up 1.9% from last year, and the median price per square foot was $496.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $460K | $430K | -6.5% |
2 Bedrooms | $621.2K | $623.6K | 0.4% |
3 Bedrooms | $775.5K | $800K | +3.1% |
4 Bedrooms | $912.7K | $965.6K | +5.8% |
5+ Bedrooms | $1.3M | $1.1M | -8.1% |
Summary: Sonoma County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Counties
Sonoma County | $786.2K | $801.3K | +1.9% |
Solano County | $575.1K | $571.4K | -0.7% |
Napa County | $899.1K | $880.1K | -2.1% |
Marin County | $1.4M | $1.4M | -3.4% |
Lake County | $347.6K | $335K | -3.6% |
Housing Supply in Sonoma County, CA
How many homes are available in Sonoma County, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,062 | 1,285 | +21.0% |
Summary: The Sonoma County real estate market had 1,285 homes for sale in April 2024, a 21.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 38 | 46 | +21.1% |
2 Bedrooms | 227 | 272 | +19.8% |
3 Bedrooms | 449 | 530 | +18.0% |
4 Bedrooms | 260 | 321 | +23.5% |
5+ Bedrooms | 88 | 116 | +31.8% |
Summary: The Sonoma County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.1%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 31.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
288 | 305 | +5.9% |
Asking Price vs. Sold Price
114 Homes Were Sold
Under Asking
59 Homes Were Sold
At Asking
131 Homes Were Sold
Over Asking
Summary: A total of 305 homes were sold or pending in Sonoma County in April 2024, up by 5.9% month-over-month. Of the 304 sold homes, 38% were sold under asking, 19% were sold at asking, and 43% were sold over asking.
Days on Market for Sonoma County, CA
How long does it take to sell a home in Sonoma County, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | 149 Days | +87.7% |
Summary: Homes in Sonoma County had an average of 149 days on market in Apr 2024, up by 87.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 305 homes were sold in Sonoma County; 1% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.