Is Ross Valley, 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, Ross Valley has remained a Seller's Market.
Key Takeaway
Ross Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ross Valley, CA
How much do homes in Ross Valley, CA cost?
Median Sold Price
$1,706,603
$957/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ross Valley have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Ross Valley was $1,706,603 in May 2024, up 0.8% from last year, and the median price per square foot was $957.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $625K | $499K | -20.2% |
| 2 Bedrooms | $1.0M | $1.2M | +17.2% |
| 3 Bedrooms | $1.6M | $1.6M | +1.5% |
| 4 Bedrooms | $2.3M | $2.3M | +2.8% |
| 5+ Bedrooms | $3.4M | $3.2M | -3.3% |
Summary: Ross Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.2%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Ross Valley | $1.6M | $1.7M | +0.8% |
| San Anselmo | $1.6M | $1.5M | -2.3% |
| Fairfax | $1.3M | $1.2M | -5.8% |
Housing Supply in Ross Valley, CA
How many homes are available in Ross Valley, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 159 | 189 | +18.9% |
Summary: The Ross Valley real estate market had 189 homes for sale in May 2024, a 18.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 30 | 39 | +30.0% |
| 3 Bedrooms | 50 | 59 | +18.0% |
| 4 Bedrooms | 46 | 50 | +8.7% |
| 5+ Bedrooms | 29 | 34 | +17.2% |
Summary: The Ross Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 17.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 60 | +20.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ross Valley, you could pay more than the asking price. 61.7% of homes here sold above asking price last month.
Summary: A total of 60 homes were sold or pending in Ross Valley in May 2024, up by 20.0% month-over-month. Of the 60 sold homes, 33% were sold under asking, 5% were sold at asking, and 62% were sold over asking.
Days on Market for Ross Valley, CA
How long does it take to sell a home in Ross Valley, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 46 Days | +7.0% |
Summary: Homes in Ross Valley had an average of 46 days on market in May 2024, up by 7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ross Valley has remained consistent over time.
Summary: During May 2024, 60 homes were sold in Ross Valley; 0% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.