$7,066 Closing Credit*
$595,000
1,428 SqFt
3 Beds
•2 Full Baths
Dana Adona, Listing Office: NavigateRE
Is 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, 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
$525,000
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,500(-0.7%)
Key Takeaway
Homes in Vallejo have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Vallejo was $525,000 in October 2024, down 0.7% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231.7K | $240K | +3.6% |
| 2 Bedrooms | $440K | $435K | -1.1% |
| 3 Bedrooms | $524.9K | $525K | 0.0% |
| 4 Bedrooms | $656K | $630K | -4.0% |
| 5+ Bedrooms | $700K | $712.5K | +1.8% |
Summary: Vallejo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Fairfield-Suisun City | $580.2K | $604.6K | +4.2% |
| American Canyon | $644.5K | $660K | +2.4% |
| Benicia | $760K | $766.6K | +0.9% |
| Vallejo | $528.5K | $525K | -0.7% |
| West Contra Costa | $717K | $699.7K | -2.4% |
Housing Supply in Vallejo, CA
How many homes are available in Vallejo, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 333 | 344 | +3.3% |
Summary: The Vallejo real estate market had 344 homes for sale in October 2024, a 3.3% 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 | 68 | 63 | -7.4% |
| 3 Bedrooms | 150 | 160 | +6.7% |
| 4 Bedrooms | 86 | 85 | -1.2% |
| 5+ Bedrooms | 23 | 27 | +17.4% |
Summary: The Vallejo 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 7.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 86 | 78 | -9.3% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vallejo, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.
Summary: A total of 78 homes were sold or pending in Vallejo in October 2024, down by 9.3% month-over-month. Of the 76 sold homes, 39% were sold under asking, 18% were sold at asking, and 42% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 31 Days | +91.7% |
Summary: Homes in Vallejo had an average of 31 days on market in Oct 2024, up by 91.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vallejo are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 78 homes were sold in Vallejo; 24% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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