$99,000
0.31 Acres
Land
Mark D. Foley, Listing Office: RE/MAX Metro Realty, Inc.
Is Chico, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Chico has remained a Seller's Market.
Key Takeaway
Chico is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chico, WA
How much do homes in Chico, WA cost?
Median Sold Price
$780,000
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$90,000(+13.0%)
Key Takeaway
Homes in Chico have sold for 13% more than they did a year ago.
Summary: The median home sold price in Chico was $780,000 in August 2024, up 13% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $465K | $900K | +93.5% |
| 3 Bedrooms | $600K | $660K | +10.0% |
| 4 Bedrooms | $740K | $787.5K | +6.4% |
| 5+ Bedrooms | $1.1M | $749.9K | -34.7% |
Summary: Chico housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 93.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 34.7%.
Housing Supply in Chico, WA
How many homes are available in Chico, WA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Chico real estate market had 14 homes for sale in August 2024, a 6.7% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Chico housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chico, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Chico in August 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Chico, WA
How long does it take to sell a home in Chico, WA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 15 Days | 28 Days | +90.7% |
Summary: Homes in Chico had an average of 28 days on market in Aug 2024, up by 90.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chico has remained consistent over time.
Summary: During August 2024, 5 homes were sold in Chico; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.