$3,600,000
3,982 SqFt
4 Beds
•4 Full Baths, 1 Partial
Christine Adams, Jonny Sanchez Jonny Sanchez, Listing Office: Keller Williams Realty
Is Petaluma, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Petaluma has remained a Seller's Market.
Key Takeaway
Petaluma is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Petaluma, CA
How much do homes in Petaluma, CA cost?
Median Sold Price
$915,000
$560/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+1.7%)
Key Takeaway
Homes in Petaluma have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Petaluma was $915,000 in October 2024, up 1.7% from last year, and the median price per square foot was $560.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $405K | $515K | +27.2% |
| 2 Bedrooms | $752.5K | $704K | -6.4% |
| 3 Bedrooms | $882.2K | $865K | -1.9% |
| 4 Bedrooms | $975K | $1.0M | +5.1% |
| 5+ Bedrooms | $1.0M | $1.3M | +25.8% |
Summary: Petaluma housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.2%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 25.8%.
Median Sold Price Compared To Nearby Cities
| Penngrove | $972.2K | $1.0M | +10.6% |
| Petaluma | $900K | $915K | +1.7% |
Housing Supply in Petaluma, CA
How many homes are available in Petaluma, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 159 | 165 | +3.8% |
Summary: The Petaluma real estate market had 165 homes for sale in October 2024, a 3.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 70 | 75 | +7.1% |
| 4 Bedrooms | 50 | 54 | +8.0% |
| 5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Petaluma housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 43 | +2.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Petaluma, you could pay more than the asking price. 41.9% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in Petaluma in October 2024, up by 2.4% month-over-month. Of the 43 sold homes, 37% were sold under asking, 21% were sold at asking, and 42% were sold over asking.
Days on Market for Petaluma, CA
How long does it take to sell a home in Petaluma, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 87 Days | +114.8% |
Summary: Homes in Petaluma had an average of 87 days on market in Oct 2024, up by 114.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Petaluma are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 43 homes were sold in Petaluma; 2% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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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.