$2,969 Closing Credit*
$250,000
840 SqFt
2 Beds
•1 Full Bath
Eric Miller, Listing Office: Garden Ranch Real Estate
Is Mendocino, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Mendocino was a Seller's Market.
Key Takeaway
Mendocino is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mendocino, CA
How much do homes in Mendocino, CA cost?
Median Sold Price
$850,000
$496/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$112,000(+15.2%)
Key Takeaway
Homes in Mendocino have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Mendocino was $850,000 in October 2024, up 15.2% from last year, and the median price per square foot was $496.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $550K | +42.9% |
| 2 Bedrooms | $634.5K | $795K | +25.3% |
| 3 Bedrooms | $857K | $875K | +2.1% |
| 4 Bedrooms | $836.7K | $1.1M | +31.5% |
| 5+ Bedrooms | $2.5M | $1.5M | -37.5% |
Summary: Mendocino housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 25.3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes decreased by 37.5%.
Housing Supply in Mendocino, CA
How many homes are available in Mendocino, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 91 | -3.2% |
Summary: The Mendocino real estate market had 91 homes for sale in October 2024, a 3.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 22 | 22 | 0.0% |
| 3 Bedrooms | 49 | 48 | -2.0% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mendocino housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mendocino, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Mendocino in October 2024, up by 9.1% month-over-month. Of the 12 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Mendocino, CA
How long does it take to sell a home in Mendocino, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 90 Days | 96 Days | +6.6% |
Summary: Homes in Mendocino had an average of 96 days on market in Oct 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Mendocino are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 12 homes were sold in Mendocino; 17% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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. 
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