$5,522 Closing Credit*
$465,000
1,378 SqFt
3 Beds
•1 Full Bath
Rashan E Hylton, Listing Office: Twin Oaks Real Estate INC
Is South Vallejo, 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, South Vallejo has remained a Seller's Market.
Key Takeaway
South Vallejo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Vallejo, CA
How much do homes in South Vallejo, CA cost?
Median Sold Price
$496,500
$385/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,500(-0.7%)
Key Takeaway
Homes in South Vallejo have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in South Vallejo was $496,500 in October 2024, down 0.7% from last year, and the median price per square foot was $385.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $314K | $307.5K | -2.1% |
| 2 Bedrooms | $405K | $422K | +4.2% |
| 3 Bedrooms | $515K | $520K | +1.0% |
| 4 Bedrooms | $700K | $664.5K | -5.1% |
| 5+ Bedrooms | $575K | $657.5K | +14.3% |
Summary: South Vallejo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Neighborhoods
| West Vallejo | $479.7K | $495.2K | +3.2% |
| South Vallejo | $500K | $496.5K | -0.7% |
| East Vallejo | $619.5K | $584K | -5.7% |
Housing Supply in South Vallejo, CA
How many homes are available in South Vallejo, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 73 | +19.7% |
Summary: The South Vallejo real estate market had 73 homes for sale in October 2024, a 19.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 31 | 37 | +19.4% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The South Vallejo 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 increased by 33.3%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 18 | +125.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Vallejo, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in South Vallejo in October 2024, up by 125.0% month-over-month. Of the 16 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for South Vallejo, CA
How long does it take to sell a home in South Vallejo, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 25 Days | +27.8% |
Summary: Homes in South Vallejo had an average of 25 days on market in Oct 2024, up by 27.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Vallejo are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in South Vallejo; 28% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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