Is Santa Rosa, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santa Rosa is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Santa Rosa has remained a Seller's Market.

Key Takeaway

Santa Rosa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Santa Rosa, CA

How much do homes in Santa Rosa, CA cost?

Median Sold Price

$745,180

$462/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,583(+2.1%)

Key Takeaway

Homes in Santa Rosa have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Santa Rosa was $745,180 in November 2024, up 2.1% from last year, and the median price per square foot was $462.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $395K$389.5K
-1.4%
2 $550.5K$573.1K
+4.1%
3 $720K$735.7K
+2.2%
4 $905.7K$920K
+1.6%
5+ $1.3M$1.2M
-3.0%

Summary: Santa Rosa housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 3%.

Median Sold Price Compared To Nearby Cities

Santa Rosa
+2.1%
Sebastopol
-8.7%

Housing Supply in Santa Rosa, CA

How many homes are available in Santa Rosa, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
546455-16.7%

Summary: The Santa Rosa real estate market had 455 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 63
-50.0%
2 10786
-19.6%
3 241201
-16.6%
4 147124
-15.6%
5+ 4541
-8.9%

Summary: The Santa Rosa housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 19.6%, 3 bedroom homes decreased by 16.6%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes decreased by 8.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
167103-38.3%

Asking Price vs. Sold Price

50 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

35 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Rosa, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.

Summary: A total of 103 homes were sold or pending in Santa Rosa in November 2024, down by 38.3% month-over-month. Of the 103 sold homes, 49% were sold under asking, 17% were sold at asking, and 34% were sold over asking.

Days on Market for Santa Rosa, CA

How long does it take to sell a home in Santa Rosa, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
77 Days30 Days-60.4%

Summary: Homes in Santa Rosa had an average of 30 days on market in Nov 2024, down by 60.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Santa Rosa are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 103 homes were sold in Santa Rosa; 2% of homes were sold within 30 days, 1% 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

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