Is Santa Rosa, 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, Santa Rosa has remained a Seller's Market.
Key Takeaway
Santa Rosa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Santa Rosa, CA
How much do homes in Santa Rosa, CA cost?
Median Sold Price
$739,166
$457/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Santa Rosa have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Santa Rosa was $739,166 in May 2024, up 2.3% from last year, and the median price per square foot was $457.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $380.5K | $389K | +2.2% |
| 2 Bedrooms | $565K | $554.6K | -1.8% |
| 3 Bedrooms | $719.5K | $725K | +0.8% |
| 4 Bedrooms | $899.8K | $911.2K | +1.3% |
| 5+ Bedrooms | $1.2M | $1.2M | -0.1% |
Summary: Santa Rosa housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 0.1%.
Median Sold Price Compared To Nearby Cities
| Santa Rosa | $722.5K | $739.1K | +2.3% |
| Sebastopol | $1.1M | $1.1M | +0.8% |
Housing Supply in Santa Rosa, CA
How many homes are available in Santa Rosa, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 478 | 564 | +18.0% |
Summary: The Santa Rosa real estate market had 564 homes for sale in May 2024, a 18.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 11 | +37.5% |
| 2 Bedrooms | 92 | 108 | +17.4% |
| 3 Bedrooms | 212 | 239 | +12.7% |
| 4 Bedrooms | 120 | 152 | +26.7% |
| 5+ Bedrooms | 46 | 54 | +17.4% |
Summary: The Santa Rosa housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 129 | 142 | +10.1% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
77 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Rosa, you could pay more than the asking price. 54.2% of homes here sold above asking price last month.
Summary: A total of 142 homes were sold or pending in Santa Rosa in May 2024, up by 10.1% month-over-month. Of the 142 sold homes, 29% were sold under asking, 17% were sold at asking, and 54% were sold over asking.
Days on Market for Santa Rosa, CA
We’re sorry, we don't have information for this market at the moment
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