$180,000
17.17 Acres
Land
Bao Xiong, Listing Office: Avenue 23 Realty
Is Palermo, 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, Palermo was a Neutral Market.
Key Takeaway
Palermo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palermo, CA
How much do homes in Palermo, CA cost?
Median Sold Price
$385,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,500(+4.8%)
Key Takeaway
Homes in Palermo have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Palermo was $385,000 in October 2024, up 4.8% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $212K | N/A |
| 2 Bedrooms | $299K | $335K | +12.0% |
| 3 Bedrooms | $367.5K | $412.5K | +12.2% |
| 4 Bedrooms | $335K | $465K | +38.8% |
| 5+ Bedrooms | $812.5K | $425K | -47.7% |
Summary: Palermo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 38.8%, and 5+ bedroom homes decreased by 47.7%.
Median Sold Price Compared To Nearby Cities
| Marysville Northeast | $449.8K | $562.5K | +25.0% |
| Palermo | $367.5K | $385K | +4.8% |
| Oroville | $315K | $329.3K | +4.5% |
Housing Supply in Palermo, CA
How many homes are available in Palermo, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The Palermo real estate market had 21 homes for sale in October 2024, a 5.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Palermo 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 increased by 14.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 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 Palermo, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Palermo in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Palermo, CA
How long does it take to sell a home in Palermo, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 49 Days | 42 Days | -15.2% |
Summary: Homes in Palermo had an average of 42 days on market in Oct 2024, down by 15.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palermo are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Palermo; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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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