$10,000 Closing Credit*
$1,700,000
1,779 SqFt
3 Beds
•2 Full Baths
Gina Clyde, Daniel Casabonne Daniel Casabonne, Listing Office: Sotheby's International Realty
Is Sonoma, 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, Sonoma has remained a Seller's Market.
Key Takeaway
Sonoma is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sonoma, CA
How much do homes in Sonoma, CA cost?
Median Sold Price
$910,000
$631/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$18,000(-1.9%)
Key Takeaway
Homes in Sonoma have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Sonoma was $910,000 in October 2024, down 1.9% from last year, and the median price per square foot was $631.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $541K | +20.2% |
| 2 Bedrooms | $740.7K | $732K | -1.2% |
| 3 Bedrooms | $1.0M | $1.0M | -2.0% |
| 4 Bedrooms | $1.7M | $1.5M | -10.9% |
| 5+ Bedrooms | $3.1M | $3.1M | -1.6% |
Summary: Sonoma housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 1.6%.
Housing Supply in Sonoma, CA
How many homes are available in Sonoma, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 138 | 144 | +4.3% |
Summary: The Sonoma real estate market had 144 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 9 | +50.0% |
| 2 Bedrooms | 36 | 35 | -2.8% |
| 3 Bedrooms | 67 | 70 | +4.5% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Sonoma housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sonoma, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Sonoma in October 2024, up by 7.7% month-over-month. Of the 28 sold homes, 50% were sold under asking, 18% were sold at asking, and 32% were sold over asking.
Days on Market for Sonoma, CA
How long does it take to sell a home in Sonoma, CA?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sonoma are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in Sonoma; 7% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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