Is Tehama County, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Tehama County was a Seller's Market.
Key Takeaway
Tehama County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tehama County, CA
How much do homes in Tehama County, CA cost?
Median Sold Price
$326,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tehama County have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Tehama County was $326,000 in May 2024, up 3.5% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $207.5K | +33.9% |
| 2 Bedrooms | $239K | $244.9K | +2.5% |
| 3 Bedrooms | $314.9K | $338K | +7.3% |
| 4 Bedrooms | $442K | $355K | -19.7% |
| 5+ Bedrooms | $420K | $637.5K | +51.8% |
Summary: Tehama County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.9%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 19.7%, and 5+ bedroom homes increased by 51.8%.
Median Sold Price Compared To Nearby Counties
| Glenn County | $335K | $349K | +4.2% |
| Tehama County | $314.9K | $326K | +3.5% |
| Shasta County | $370.3K | $373.5K | +0.9% |
| Butte County | $414.1K | $410K | -1.0% |
Housing Supply in Tehama County, CA
How many homes are available in Tehama County, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 151 | 163 | +7.9% |
Summary: The Tehama County real estate market had 163 homes for sale in May 2024, a 7.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 23 | 25 | +8.7% |
| 3 Bedrooms | 86 | 97 | +12.8% |
| 4 Bedrooms | 31 | 29 | -6.5% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Tehama County 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 increased by 8.7%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tehama County, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Tehama County in May 2024, down by 4.3% month-over-month. Of the 22 sold homes, 59% were sold under asking, 18% were sold at asking, and 23% were sold over asking.
Days on Market for Tehama County, CA
How long does it take to sell a home in Tehama County, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 105 Days | 78 Days | -25.6% |
Summary: Homes in Tehama County had an average of 78 days on market in May 2024, down by 25.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tehama County has remained consistent over time.
Summary: During May 2024, 22 homes were sold in Tehama County; 23% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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