Is Chico, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Chico has remained a Seller's Market.
Housing Prices in Chico, CA
How much do homes in Chico, CA cost?
Median Sold Price
$448,561
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chico was $448,561 in April 2024, up 1.5% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $187.9K | +7.4% |
2 Bedrooms | $325K | $320K | -1.5% |
3 Bedrooms | $437K | $445.5K | +2.0% |
4 Bedrooms | $579.5K | $568.5K | -1.9% |
5+ Bedrooms | $640K | $751.5K | +17.4% |
Summary: Chico housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 17.4%.
Housing Supply in Chico, CA
How many homes are available in Chico, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
243 | 293 | +20.6% |
Summary: The Chico real estate market had 293 homes for sale in April 2024, a 20.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 30 | 33 | +10.0% |
3 Bedrooms | 126 | 157 | +24.6% |
4 Bedrooms | 74 | 93 | +25.7% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Chico housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 24.6%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 72 | +16.1% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 72 homes were sold or pending in Chico in April 2024, up by 16.1% month-over-month. Of the 72 sold homes, 33% were sold under asking, 19% were sold at asking, and 47% were sold over asking.
Days on Market for Chico, CA
How long does it take to sell a home in Chico, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 35 Days | -15.6% |
Summary: Homes in Chico had an average of 35 days on market in Apr 2024, down by 15.6% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 72 homes were sold in Chico; 71% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.