$230,000
0.23 Acres
Land
Celeste C Rodriguez, CarenVanessa J Quintero CarenVanessa J Quintero, Listing Office: Coldwell Banker Mendo Realty
Is Mendocino County, 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 County was a Seller's Market.
Key Takeaway
Mendocino County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mendocino County, CA
How much do homes in Mendocino County, CA cost?
Median Sold Price
$542,857
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,857(+3.4%)
Key Takeaway
Homes in Mendocino County have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Mendocino County was $542,857 in October 2024, up 3.4% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $412.8K | +29.0% |
| 2 Bedrooms | $520K | $495K | -4.8% |
| 3 Bedrooms | $515K | $530K | +2.9% |
| 4 Bedrooms | $645.5K | $640.9K | -0.7% |
| 5+ Bedrooms | $952.5K | $700K | -26.5% |
Summary: Mendocino County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 26.5%.
Median Sold Price Compared To Nearby Counties
| Mendocino County | $525K | $542.8K | +3.4% |
| Sonoma County | $799.5K | $799.7K | 0.0% |
| Lake County | $339.9K | $331.1K | -2.6% |
| Tehama County | $334K | $320K | -4.2% |
| Glenn County | $350K | $335K | -4.3% |
Housing Supply in Mendocino County, CA
How many homes are available in Mendocino County, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 451 | 441 | -2.2% |
Summary: The Mendocino County real estate market had 441 homes for sale in October 2024, a 2.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 33 | +6.5% |
| 2 Bedrooms | 119 | 114 | -4.2% |
| 3 Bedrooms | 209 | 205 | -1.9% |
| 4 Bedrooms | 72 | 70 | -2.8% |
| 5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The Mendocino County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.5%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 61 | +10.9% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mendocino County, you may be able to get a good deal. 65.6% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in Mendocino County in October 2024, up by 10.9% month-over-month. Of the 61 sold homes, 66% were sold under asking, 15% were sold at asking, and 20% were sold over asking.
Days on Market for Mendocino County, CA
How long does it take to sell a home in Mendocino County, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 77 Days | 85 Days | +10.0% |
Summary: Homes in Mendocino County had an average of 85 days on market in Oct 2024, up by 10% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Mendocino County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 61 homes were sold in Mendocino County; 8% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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