Is Russian River-Sonoma Coast, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Russian River-Sonoma Coast is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Russian River-Sonoma Coast has remained a Seller's Market.

Key Takeaway

Russian River-Sonoma Coast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Russian River-Sonoma Coast, CA

How much do homes in Russian River-Sonoma Coast, CA cost?

Median Sold Price

$832,500

$571/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$70,000(+9.2%)

Key Takeaway

Homes in Russian River-Sonoma Coast have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Russian River-Sonoma Coast was $832,500 in November 2024, up 9.2% from last year, and the median price per square foot was $571.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $475K$440K
-7.4%
2 $663.1K$650K
-2.0%
3 $902.5K$980K
+8.6%
4 $1.1M$1.2M
+12.1%
5+ $1.9M$1.2M
-37.3%

Summary: Russian River-Sonoma Coast housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 37.3%.

Median Sold Price Compared To Nearby Cities

Monte Rio
+22.6%
Guerneville
+10.2%
Russian River-Sonoma Coast
+9.2%
Cloverdale-Geyserville
-2.3%

Housing Supply in Russian River-Sonoma Coast, CA

How many homes are available in Russian River-Sonoma Coast, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
153137-10.5%

Summary: The Russian River-Sonoma Coast real estate market had 137 homes for sale in November 2024, a 10.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 118
-27.3%
2 6260
-3.2%
3 5847
-19.0%
4 810
+25.0%
5+ 1412
-14.3%

Summary: The Russian River-Sonoma Coast housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 19%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3725-32.4%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Russian River-Sonoma Coast, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Russian River-Sonoma Coast in November 2024, down by 32.4% month-over-month. Of the 25 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Russian River-Sonoma Coast, CA

How long does it take to sell a home in Russian River-Sonoma Coast, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
60 Days7 Days-88.3%

Summary: Homes in Russian River-Sonoma Coast had an average of 7 days on market in Nov 2024, down by 88.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Russian River-Sonoma Coast are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 25 homes were sold in Russian River-Sonoma Coast; 4% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Russian River-Sonoma Coast, CA

Nearby Markets to Russian River-Sonoma Coast, CA

What housing markets are near Russian River-Sonoma Coast, CA?