$4,263 Closing Credit*
$359,000
872 SqFt
2 Beds
•1 Full Bath
Manny Cabrera, Listing Office: Redfin
Is Vallejo, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Vallejo has remained a Seller's Market.
Key Takeaway
Vallejo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vallejo, CA
How much do homes in Vallejo, CA cost?
Median Sold Price
$525,333
$358/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,666(-1.4%)
Key Takeaway
Homes in Vallejo have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Vallejo was $525,333 in November 2024, down 1.4% from last year, and the median price per square foot was $358.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $240K | +4.3% |
| 2 Bedrooms | $449K | $435K | -3.1% |
| 3 Bedrooms | $525K | $525K | 0.0% |
| 4 Bedrooms | $653K | $630K | -3.5% |
| 5+ Bedrooms | $700K | $719K | +2.7% |
Summary: Vallejo housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Fairfield-Suisun City | $584.3K | $603K | +3.2% |
| Benicia | $758K | $780K | +2.9% |
| Vallejo | $533K | $525.3K | -1.4% |
| American Canyon | $670K | $660K | -1.5% |
| West Contra Costa | $715.9K | $696.8K | -2.7% |
Housing Supply in Vallejo, CA
How many homes are available in Vallejo, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 318 | 299 | -6.0% |
Summary: The Vallejo real estate market had 299 homes for sale in November 2024, a 6.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 5 | -44.4% |
| 2 Bedrooms | 53 | 68 | +28.3% |
| 3 Bedrooms | 151 | 142 | -6.0% |
| 4 Bedrooms | 82 | 63 | -23.2% |
| 5+ Bedrooms | 23 | 21 | -8.7% |
Summary: The Vallejo housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 44.4%, 2 bedroom homes increased by 28.3%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 23.2%, and 5+ bedroom homes decreased by 8.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 67 | -16.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vallejo, you could pay more than the asking price. 54.8% of homes here sold above asking price last month.
Summary: A total of 67 homes were sold or pending in Vallejo in November 2024, down by 16.3% month-over-month. Of the 62 sold homes, 26% were sold under asking, 19% were sold at asking, and 55% were sold over asking.
Days on Market for Vallejo, CA
How long does it take to sell a home in Vallejo, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 25 Days | +10.4% |
Summary: Homes in Vallejo had an average of 25 days on market in Nov 2024, up by 10.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Vallejo are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 67 homes were sold in Vallejo; 34% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
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