Is Benicia, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Benicia has remained a Seller's Market.
Key Takeaway
Benicia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benicia, CA
How much do homes in Benicia, CA cost?
Median Sold Price
$765,000
$459/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Benicia have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Benicia was $765,000 in May 2024, down 1.3% from last year, and the median price per square foot was $459.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $355K | 0.0% |
| 2 Bedrooms | $557K | $575K | +3.2% |
| 3 Bedrooms | $725K | $780K | +7.6% |
| 4 Bedrooms | $900K | $903K | 0.3% |
| 5+ Bedrooms | $1.1M | $1.2M | +4.9% |
Summary: Benicia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
| Fairfield-Suisun City | $579.6K | $600K | +3.5% |
| Vallejo | $531.1K | $525K | -1.2% |
| Benicia | $775K | $765K | -1.3% |
Housing Supply in Benicia, CA
How many homes are available in Benicia, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 66 | +15.8% |
Summary: The Benicia real estate market had 66 homes for sale in May 2024, a 15.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 15 | 19 | +26.7% |
| 4 Bedrooms | 18 | 25 | +38.9% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Benicia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benicia, expect to pay close to the asking price. 38.9% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in Benicia in May 2024, down by 5.3% month-over-month. Of the 18 sold homes, 22% were sold under asking, 39% were sold at asking, and 39% were sold over asking.
Days on Market for Benicia, CA
How long does it take to sell a home in Benicia, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 75 Days | 39 Days | -47.6% |
Summary: Homes in Benicia had an average of 39 days on market in May 2024, down by 47.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Benicia are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Benicia; 11% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.