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.
Key Takeaway
Redwood Valley-Potter Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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
Key Takeaway
Homes in Redwood Valley-Potter Valley have sold for 9% less than they did a year ago.
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
Key Takeaway
If you're buying a home in Redwood Valley-Potter Valley, you may be able to get a good deal. 60% of homes here sold below asking price last month.
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
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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.