$6,876 Closing Credit*
$579,000
1,001 SqFt
2 Beds
•1 Full Bath
David Harr, Listing Office: Luxe Places International Realty
Is Mendocino, 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, Mendocino has remained a Buyer'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
$825,000
$501/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$125,000(+17.9%)
Key Takeaway
Homes in Mendocino have sold for 17.9% more than they did a year ago.
Summary: The median home sold price in Mendocino was $825,000 in November 2024, up 17.9% from last year, and the median price per square foot was $501.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $550K | +42.9% |
| 2 Bedrooms | $595K | $795K | +33.6% |
| 3 Bedrooms | $889.7K | $887.5K | -0.3% |
| 4 Bedrooms | $836.7K | $1.0M | +23.1% |
| 5+ Bedrooms | $2.5M | $1.5M | -37.5% |
Summary: Mendocino housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 33.6%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 23.1%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 75 | -7.4% |
Summary: The Mendocino real estate market had 75 homes for sale in November 2024, a 7.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 46 | 41 | -10.9% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mendocino housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 5 | -64.3% |
Asking Price vs. Sold Price
3 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. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Mendocino in November 2024, down by 64.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 72 Days | +108.1% |
Summary: Homes in Mendocino had an average of 72 days on market in Nov 2024, up by 108.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mendocino has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Mendocino; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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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