Is Tehama County, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tehama County is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Tehama County was a Seller's Market.

Key Takeaway

Tehama County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Tehama County, CA

How much do homes in Tehama County, CA cost?

Median Sold Price

$320,000

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$14,000(-4.2%)

Key Takeaway

Homes in Tehama County have sold for 4.2% less than they did a year ago.

Summary: The median home sold price in Tehama County was $320,000 in October 2024, down 4.2% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $175K$220K
+25.7%
2 $241.7K$235.2K
-2.7%
3 $327K$330K
+0.9%
4 $403K$366K
-9.2%
5+ $462.5K$600K
+29.7%

Summary: Tehama County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes increased by 29.7%.

Median Sold Price Compared To Nearby Counties

Butte County
+4.3%
Shasta County
+1.1%
Trinity County
-2.0%
Tehama County
-4.2%
Glenn County
-4.3%

Housing Supply in Tehama County, CA

How many homes are available in Tehama County, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
173176+1.7%

Summary: The Tehama County real estate market had 176 homes for sale in October 2024, a 1.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 2731
+14.8%
3 109106
-2.8%
4 3031
+3.3%
5+ 77
0.0%

Summary: The Tehama County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.8%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2521-16.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tehama County, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Tehama County in October 2024, down by 16.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 10% were sold at asking, and 52% were sold over asking.

Days on Market for Tehama County, CA

How long does it take to sell a home in Tehama County, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
91 Days43 Days-53.2%

Summary: Homes in Tehama County had an average of 43 days on market in Oct 2024, down by 53.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 21 homes were sold in Tehama County; 52% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 19% 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 20 Days Ago

Newest Listings in Tehama County, CA

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