$10,000 Closing Credit*
$925,000
2,288 SqFt
4 Beds
•3 Full Baths
David Leonard, Listing Office: Coldwell Banker Realty
Is Benicia, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$766,666
$458/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,666(+0.9%)
Key Takeaway
Homes in Benicia have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Benicia was $766,666 in October 2024, up 0.9% from last year, and the median price per square foot was $458.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $357.5K | $355K | -0.7% |
| 2 Bedrooms | $560K | $575K | +2.7% |
| 3 Bedrooms | $734.5K | $767.5K | +4.5% |
| 4 Bedrooms | $888K | $887K | -0.1% |
| 5+ Bedrooms | $1.1M | $1.2M | +1.5% |
Summary: Benicia housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
| Fairfield-Suisun City | $580.2K | $604.6K | +4.2% |
| Benicia | $760K | $766.6K | +0.9% |
| Vallejo | $528.5K | $525K | -0.7% |
Housing Supply in Benicia, CA
How many homes are available in Benicia, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 75 | -8.5% |
Summary: The Benicia real estate market had 75 homes for sale in October 2024, a 8.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 18 | 16 | -11.1% |
| 3 Bedrooms | 23 | 26 | +13.0% |
| 4 Bedrooms | 26 | 22 | -15.4% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The Benicia housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benicia, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Benicia in October 2024, the same as the previous month. Of the 24 sold homes, 42% were sold under asking, 42% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 38 Days | +200.8% |
Summary: Homes in Benicia had an average of 38 days on market in Oct 2024, up by 200.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Benicia has remained consistent over time.
Summary: During October 2024, 24 homes were sold in Benicia; 13% of homes were sold within 30 days, 29% 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.