Santa Rosa, CA
Housing Market
Santa Rosa's housing market is dynamic, with home prices and demand constantly shifting. Houzeo's housing market report monitors these fluctuations, providing real-time insights into Santa Rosa's supply and demand trends. Our report equips you with the information you require to make well-informed decisions.
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Buy or SellSanta Rosa Housing Market Overview
The Santa Rosa real estate market has remained moderately competitive in recent months. Median home prices in Santa Rosa have declined slightly by 0.7% year-over-year, settling at $680,000. Properties typically stay on the market for 36 days before going under contract. Additionally, 89 homes were sold this month, marking a 9.9% increase from last year, despite a 17.5% decline in new listings from the previous month. These are indicators of sustained demand but tightening inventory.
Santa Rosa's housing market offers a diverse mix of suburban single-family homes, vineyard estates, and charming historic properties, which cater to a wide range of buyers. Over the years, Santa Rosa has experienced steady property value appreciation, driven by its desirable Wine Country location, strong local economy, and proximity to the Bay Area. With its scenic landscapes, thriving food and wine scene, and high quality of life, Santa Rosa continues to attract those who seek a blend of rural charm and urban convenience.
Santa Rosa's housing market offers a diverse mix of suburban single-family homes, vineyard estates, and charming historic properties, which cater to a wide range of buyers. Over the years, Santa Rosa has experienced steady property value appreciation, driven by its desirable Wine Country location, strong local economy, and proximity to the Bay Area. With its scenic landscapes, thriving food and wine scene, and high quality of life, Santa Rosa continues to attract those who seek a blend of rural charm and urban convenience.
Median Sale Price
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Santa Rosa Housing Supply
Santa Rosa is a hot-spot for real estate investors due to the high demand it sees. Its vineyards, natural beauty, and mild climate also draw in primary homebuyers. The number of homes for sale in Santa Rosa has risen to 304 properties, a 33.3% increase from last year. This rise includes 132 new listings. So, buyers now have more options as inventory expands. However, Santa Rosa's housing supply remains at 3.4 months, keeping competition steady.
Housing availability in Santa Rosa tends to shift with the seasons. More homes enter the market in spring and summer as sellers list properties before the school year begins. Buyers remain active during these months, aiming to secure homes before winter sets in. With its suburban comfort and natural beauty, home prices in Santa Rosa are high, but still more affordable than other Californian cities. Nevertheless, buyers should act quickly and prepare for competition. Before making an offer, inspect properties carefully for negotiation opportunities. You could also request seller concessions to offset costs in this competitive market.
Housing availability in Santa Rosa tends to shift with the seasons. More homes enter the market in spring and summer as sellers list properties before the school year begins. Buyers remain active during these months, aiming to secure homes before winter sets in. With its suburban comfort and natural beauty, home prices in Santa Rosa are high, but still more affordable than other Californian cities. Nevertheless, buyers should act quickly and prepare for competition. Before making an offer, inspect properties carefully for negotiation opportunities. You could also request seller concessions to offset costs in this competitive market.
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Santa Rosa Housing Demand
Santa Rosa's real estate market has seen a spike in competition recently, with 43.8% of homes selling above their list price. On the other hand, 24.9% of homes sell below the asking price, marking a 12.1 percentage point increase from last year. The sale-to-list price ratio sits at 100.2%, which signals that sellers are getting slightly more than their asking price. This ratio helps determine the negotiation power in the market, which currently lies with sellers.
As a home seller, if you initially price your house accurately, you can avoid the need for price reductions. You can also offer concessions to buyers if you want to sell your property quickly. Listing your home on the California MLS can help you reach a wide pool of buyers. If the sale-to-list price ratio is around 100% and demand is high, you can expect to get multiple offers from buyers. If you're buying a house in Santa Rosa, CA, focus on houses with extended listing periods. Properties with previous price reductions can also give you more room for negotiation.
As a home seller, if you initially price your house accurately, you can avoid the need for price reductions. You can also offer concessions to buyers if you want to sell your property quickly. Listing your home on the California MLS can help you reach a wide pool of buyers. If the sale-to-list price ratio is around 100% and demand is high, you can expect to get multiple offers from buyers. If you're buying a house in Santa Rosa, CA, focus on houses with extended listing periods. Properties with previous price reductions can also give you more room for negotiation.
Homes Sold Above List Price
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Strong
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Buyer’s Market
Seller’s Market
Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.
Santa Rosa Housing Market: When to Buy or Sell?
The Santa Rosa housing market often shifts between buyer-friendly and seller-friendly conditions, similar to the California housing market. While the market remains competitive, seasonal changes can create opportunities for both buyers and sellers. When inventory increases and competition decreases, buyers gain more room to negotiate. On the other hand, when demand outpaces supply, sellers benefit from higher prices and faster sales.
If Santa Rosa's housing supply rises above 5-6 months, like the balanced US housing market, buyers get more time to evaluate their options. On the other hand, when the supply falls lower than this threshold, sellers can expect multiple offers and potentially higher sale prices. Understanding these trends will help you time your purchase or sale for the best possible outcome.
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Frequently Asked Questions
How have the average home prices in Santa Rosa changed over the past year?
The median home price in Santa Rosa has dropped by 0.7% over the past year, settling at $680,000. If you want to know where you stand in this cooling market, our free home value estimator can help you determine your property's fair market value.
What are Santa Rosa, CA real estate predictions for 2025?
Home prices in Santa Rosa are expected to remain relatively stable with modest fluctuations in 2025. Demand is likely to remain strong, though rising mortgage rates could limit affordability for many buyers.
What's the average home price in Santa Rosa?
The average house price in Santa Rosa varies depending on its type, size, and local market conditions. Costs typically range from $435,000 for condos to $725,000 for single-family homes. If you want to buy a house in the city, you can find cheap homes for sale in Santa Rosa within your budget.
Is this a good time to buy a home in Santa Rosa, CA?
Assess Santa Rosa real estate market trends to get key insights into supply and demand. This will help you understand whether it's a buyer's or seller's market. Sellers can benefit from high demand and rising prices. However, if the mortgage rates are stable, demand is low, and housing inventory is plentiful, it'll be the best time to buy homes in Santa Rosa, CA.
Where can I check Santa Rosa housing market trends?
The housing market in Santa Rosa grows all year round. Housing demand as well as competition tends to remain high. Properties are currently staying for fewer days than average on the market. If you want to sell or buy a house in Santa Rosa, you can check the city's housing market trends to decide on the best time to act.
When will the Santa Rosa housing market crash?
As per housing market forecasts, it's very unlikely that the market will crash. However, home prices and demand may increase during the summer, with sustained growth projected through 2025.
How to buy a home in Santa Rosa?
The steps to purchasing a house in Santa Rosa must start with a clear budget and mortgage pre-approval. Buyers should then search for Santa Rosa houses for sale, submit offers, secure loans, and complete the closing process.
How can I list my home for sale in Santa Rosa, CA?
You can list your Santa Rosa home with a Flat Fee MLS California listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀
What is the average mortgage rate for buyers in Santa Rosa?
The state-wide average mortgage rate for buyers fluctuates between 6.8% and 7%. But it depends on the market and the borrower's credit score. Always check current rates with lenders.
What is the cost of living in Santa Rosa, California?
The cost of living in Santa Rosa is 51.8% higher than the national average. Housing costs are the biggest contributor to these expenses, with prices 115% above the US median. Santa Rosa's median home price is $680,000. Essentials like food, clothing, and groceries are about 15% higher than the national average. To know more, check out our free California cost of living calculator.
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