Is Redwood Valley-Potter Valley, 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, Redwood Valley-Potter Valley was a Neutral Market.
Housing Prices in Redwood Valley-Potter Valley, CA
How much do homes in Redwood Valley-Potter Valley, CA cost?
Median Sold Price
$541,250
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Redwood Valley-Potter Valley was $541,250 in May 2024, down 9% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245K | $250K | +2.0% |
2 Bedrooms | $450K | $416.2K | -7.5% |
3 Bedrooms | $599K | $561.5K | -6.3% |
4 Bedrooms | $659K | $650K | -1.4% |
5+ Bedrooms | $912K | $1.8M | +103.7% |
Summary: Redwood Valley-Potter Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 103.7%.
Median Sold Price Compared To Nearby Cities
Mendocino | $875K | $810K | -7.4% |
Redwood Valley-Potter Valley | $594.5K | $541.2K | -9.0% |
Housing Supply in Redwood Valley-Potter Valley, CA
How many homes are available in Redwood Valley-Potter Valley, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 43 | 0.0% |
Summary: The Redwood Valley-Potter Valley real estate market had 43 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 26 | 25 | -3.8% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Redwood Valley-Potter Valley 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 remained the same, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Redwood Valley-Potter Valley in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Redwood Valley-Potter Valley, CA
We’re sorry, we don't have information for this market at the moment