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 October 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

$750,000

$461/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,007(+2.7%)

Key Takeaway

Homes in Santa Rosa have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Santa Rosa was $750,000 in October 2024, up 2.7% from last year, and the median price per square foot was $461.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $395K$390K
-1.3%
2 $557K$579.3K
+4.0%
3 $719.8K$739.7K
+2.8%
4 $905.7K$933K
+3.0%
5+ $1.4M$1.2M
-14.5%

Summary: Santa Rosa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 14.5%.

Median Sold Price Compared To Nearby Cities

Santa Rosa
+2.7%
Sebastopol
-6.2%

Housing Supply in Santa Rosa, CA

How many homes are available in Santa Rosa, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
564580+2.8%

Summary: The Santa Rosa real estate market had 580 homes for sale in October 2024, a 2.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 66
0.0%
2 113110
-2.7%
3 235251
+6.8%
4 152161
+5.9%
5+ 5852
-10.3%

Summary: The Santa Rosa 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 decreased by 2.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 10.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
129156+20.9%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

38 Homes Were Sold
At Asking

62 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Rosa, you could pay more than the asking price. 39.7% of homes here sold above asking price last month.

Summary: A total of 156 homes were sold or pending in Santa Rosa in October 2024, up by 20.9% month-over-month. Of the 156 sold homes, 36% were sold under asking, 24% were sold at asking, and 40% 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

Oct 2023Oct 2024CHANGE
15 Days28 Days+85.1%

Summary: Homes in Santa Rosa had an average of 28 days on market in Oct 2024, up by 85.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 October 2024, 156 homes were sold in Santa Rosa; 1% 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 16 Days Ago

Newest Listings in Santa Rosa, CA

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