Is Sonoma County, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sonoma County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Sonoma County has remained a Seller's Market.

Key Takeaway

Sonoma County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$15,155(+1.9%)

Key Takeaway

Homes in Sonoma County have sold for 1.9% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $460K$430K
-6.5%
2 $621.2K$623.6K
0.4%
3 $775.5K$800K
+3.1%
4 $912.7K$965.6K
+5.8%
5+ $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
+1.9%
Solano County
-0.7%
Napa County
-2.1%
Marin County
-3.4%
Lake County
-3.6%

Housing Supply in Sonoma County, CA

How many homes are available in Sonoma County, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1,0621,285+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

# BEDSMar 2024Apr 2024CHANGE
1 3846
+21.1%
2 227272
+19.8%
3 449530
+18.0%
4 260321
+23.5%
5+ 88116
+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 2024Apr 2024CHANGE
288305+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sonoma County, you could pay more than the asking price. 43.1% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
79 Days149 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sonoma County are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Sonoma County, CA

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