Is Benicia, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Benicia has remained a Seller's Market.
Housing Prices in Benicia, CA
How much do homes in Benicia, CA cost?
Median Sold Price
$765,000
$459/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Benicia was $765,000 in May 2024, down 1.3% from last year, and the median price per square foot was $459.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $355K | $355K | 0.0% |
2 Bedrooms | $557K | $575K | +3.2% |
3 Bedrooms | $725K | $780K | +7.6% |
4 Bedrooms | $900K | $903K | 0.3% |
5+ Bedrooms | $1.1M | $1.2M | +4.9% |
Summary: Benicia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
Fairfield-Suisun City | $579.6K | $600K | +3.5% |
Vallejo | $531.1K | $525K | -1.2% |
Benicia | $775K | $765K | -1.3% |
Housing Supply in Benicia, CA
How many homes are available in Benicia, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
57 | 66 | +15.8% |
Summary: The Benicia real estate market had 66 homes for sale in May 2024, a 15.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 15 | 12 | -20.0% |
3 Bedrooms | 15 | 19 | +26.7% |
4 Bedrooms | 18 | 25 | +38.9% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Benicia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 18 | -5.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Benicia in May 2024, down by 5.3% month-over-month. Of the 18 sold homes, 22% were sold under asking, 39% were sold at asking, and 39% were sold over asking.
Days on Market for Benicia, CA
How long does it take to sell a home in Benicia, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
75 Days | 39 Days | -47.6% |
Summary: Homes in Benicia had an average of 39 days on market in May 2024, down by 47.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Benicia; 11% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.