Is Oroville, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Oroville has remained a Seller's Market.
Key Takeaway
Oroville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oroville, CA
How much do homes in Oroville, CA cost?
Median Sold Price
$307,970
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oroville have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Oroville was $307,970 in May 2024, down 5.2% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136.7K | $212K | +55.1% |
| 2 Bedrooms | $238.5K | $239.4K | 0.4% |
| 3 Bedrooms | $345K | $335K | -2.9% |
| 4 Bedrooms | $395K | $385K | -2.5% |
| 5+ Bedrooms | $485K | $350K | -27.8% |
Summary: Oroville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 55.1%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 27.8%.
Median Sold Price Compared To Nearby Cities
| Oroville | $325K | $307.9K | -5.2% |
| Palermo | $474.1K | $370K | -22.0% |
Housing Supply in Oroville, CA
How many homes are available in Oroville, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 154 | 188 | +22.1% |
Summary: The Oroville real estate market had 188 homes for sale in May 2024, a 22.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 34 | 38 | +11.8% |
| 3 Bedrooms | 82 | 106 | +29.3% |
| 4 Bedrooms | 26 | 29 | +11.5% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Oroville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 29.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 33 | +65.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oroville, you may be able to get a good deal. 39.4% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Oroville in May 2024, up by 65.0% month-over-month. Of the 33 sold homes, 39% were sold under asking, 27% were sold at asking, and 33% were sold over asking.
Days on Market for Oroville, CA
How long does it take to sell a home in Oroville, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 45 Days | -26.4% |
Summary: Homes in Oroville had an average of 45 days on market in May 2024, down by 26.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oroville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 33 homes were sold in Oroville; 58% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 12% 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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The listings on this site are displayed courtesy of the IDX program of Shasta Association of REALTORS and may not be the listings of the site owner. All information is deemed reliable but not guaranteed. 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. Properties may or may not be listed by the office/agent presenting the information.