$6,638 Closing Credit*
$559,000
2,300 SqFt
4 Beds
•2 Full Baths
Alisha Simpkins, Listing Office: Keller Williams Realty Chico Area
Is Chico, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Chico has remained a Seller's Market.
Key Takeaway
Chico is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chico, CA
How much do homes in Chico, CA cost?
Median Sold Price
$466,362
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,185(+5.7%)
Key Takeaway
Homes in Chico have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Chico was $466,362 in November 2024, up 5.7% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $206.9K | +18.3% |
| 2 Bedrooms | $320K | $317K | -0.9% |
| 3 Bedrooms | $439.8K | $459.8K | +4.6% |
| 4 Bedrooms | $585K | $580.8K | -0.7% |
| 5+ Bedrooms | $700K | $675K | -3.6% |
Summary: Chico housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.3%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 3.6%.
Housing Supply in Chico, CA
How many homes are available in Chico, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 280 | 249 | -11.1% |
Summary: The Chico real estate market had 249 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 34 | 36 | +5.9% |
| 3 Bedrooms | 145 | 131 | -9.7% |
| 4 Bedrooms | 79 | 62 | -21.5% |
| 5+ Bedrooms | 22 | 20 | -9.1% |
Summary: The Chico housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 21.5%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 64 | -16.9% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chico, you may be able to get a good deal. 45.3% of homes here sold below asking price last month.
Summary: A total of 64 homes were sold or pending in Chico in November 2024, down by 16.9% month-over-month. Of the 64 sold homes, 45% were sold under asking, 25% were sold at asking, and 30% were sold over asking.
Days on Market for Chico, CA
How long does it take to sell a home in Chico, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 27 Days | +11.6% |
Summary: Homes in Chico had an average of 27 days on market in Nov 2024, up by 11.6% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chico are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 64 homes were sold in Chico; 73% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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.