Is Cottonwood, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cottonwood was a Seller's Market.
Key Takeaway
Cottonwood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cottonwood, CA
How much do homes in Cottonwood, CA cost?
Median Sold Price
$375,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cottonwood have sold for 5% more than they did a year ago.
Summary: The median home sold price in Cottonwood was $375,000 in May 2024, up 5% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259K | $404K | +56.0% |
| 2 Bedrooms | $243.2K | $264.7K | +8.8% |
| 3 Bedrooms | $355K | $368K | +3.7% |
| 4 Bedrooms | $459.9K | $460K | 0.0% |
| 5+ Bedrooms | $515K | $530K | +2.9% |
Summary: Cottonwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
| West Tehama | $355K | $477.5K | +34.5% |
| Southwest Shasta | $428K | $459K | +7.2% |
| Cottonwood | $357K | $375K | +5.0% |
| Anderson | $325K | $338K | +4.0% |
Housing Supply in Cottonwood, CA
How many homes are available in Cottonwood, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 98 | +3.2% |
Summary: The Cottonwood real estate market had 98 homes for sale in May 2024, a 3.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 65 | 68 | +4.6% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Cottonwood 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 increased by 11.1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cottonwood, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Cottonwood in May 2024, up by 6.7% month-over-month. Of the 16 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% were sold over asking.
Days on Market for Cottonwood, CA
How long does it take to sell a home in Cottonwood, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 69 Days | 65 Days | -6.0% |
Summary: Homes in Cottonwood had an average of 65 days on market in May 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cottonwood has remained consistent over time.
Summary: During May 2024, 16 homes were sold in Cottonwood; 13% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 25% 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. 
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