As 2024 draws to a close, Sonoma County’s real estate market reflects a year of steady demand and evolving trends. December’s data highlights key metrics as the market transitions into 2025.
Click here for a PDF version of the Sonoma County Market Report
For single-family homes, the median sold price climbed to $850K, representing a 5.6% increase month-over-month and a 4.9% rise year-over-year. Homes sold at an average of $541 per square foot, down 1.5% from November but slightly below December 2023 levels. The market saw 236 properties sold, a 14.8% decline from November but a 6.8% increase compared to last year. Inventory tightened to 2.2 months, down 12% from the previous month but up 15.8% year-over-year, highlighting a competitive yet balanced market.
The condominium market exhibited more nuanced activity. The median sold price for condos was $388K, an 11.8% decrease from November and 5.4% below December 2023. Despite this, the average price per square foot rose to $406, a 3% year-over-year increase. Condos spent an average of 56 days on the market, with 20 properties sold during the month. Inventory levels climbed to 2.6 months, reflecting a 44.4% increase year-over-year but remaining relatively balanced.
As Sonoma County steps into 2025, the market’s trajectory will depend on broader economic factors and local buyer behavior. Whether buying, selling, or investing, consulting with an experienced real estate professional (me!) will help you navigate this dynamic market with confidence!
