Is Vallejo, 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, Vallejo has remained a Seller's Market.
Key Takeaway
Vallejo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vallejo, CA
How much do homes in Vallejo, CA cost?
Median Sold Price
$525,000
$370/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Vallejo have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Vallejo was $525,000 in April 2024, down 1.9% from last year, and the median price per square foot was $370.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $240K | -7.7% |
| 2 Bedrooms | $435K | $440K | +1.1% |
| 3 Bedrooms | $529K | $527K | -0.4% |
| 4 Bedrooms | $650K | $650K | 0.0% |
| 5+ Bedrooms | $729K | $679.5K | -6.8% |
Summary: Vallejo housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Fairfield-Suisun City | $583.9K | $592K | +1.4% |
| West Contra Costa | $725.2K | $718.1K | -1.0% |
| Benicia | $779K | $765K | -1.8% |
| Vallejo | $535K | $525K | -1.9% |
| American Canyon | $696K | $659.2K | -5.3% |
Housing Supply in Vallejo, CA
How many homes are available in Vallejo, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 251 | 293 | +16.7% |
Summary: The Vallejo real estate market had 293 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 65 | 64 | -1.5% |
| 3 Bedrooms | 112 | 131 | +17.0% |
| 4 Bedrooms | 53 | 73 | +37.7% |
| 5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The Vallejo housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 37.7%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 69 | 67 | -2.9% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vallejo, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.
Summary: A total of 67 homes were sold or pending in Vallejo in April 2024, down by 2.9% month-over-month. Of the 67 sold homes, 33% were sold under asking, 19% were sold at asking, and 48% were sold over asking.
Days on Market for Vallejo, CA
How long does it take to sell a home in Vallejo, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 25 Days | -27.9% |
Summary: Homes in Vallejo had an average of 25 days on market in Apr 2024, down by 27.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Vallejo are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 67 homes were sold in Vallejo; 24% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
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