As we move into 2025, Sonoma County’s real estate market reflects a changing landscape, with year-over-year shifts in pricing, inventory, and buyer activity shaping the market.
Click here for a PDF version of the Sonoma County Market Report for January.
The median sold price for single-family homes in January was $819K, a slight 1.3% decline from January 2024. The price per square foot saw a sharper drop, down 19.7% year-over-year to $526, suggesting a market correction after previous price increases. Homes spent 63 days on the market, selling 7.4% faster than a year ago. While the number of homes sold remained relatively flat, inventory levels increased by 47.6% to 3.1 months, giving buyers more choices and more negotiating power.
The condominium market experienced more dramatic changes. The median sold price fell 8.7% year-over-year to $418K, though the price per square foot increased 14.3% to $553, indicating demand for specific types of units. Condo sales held steady compared to last year, but inventory nearly doubled, rising 94.4% to 3.5 months, reflecting a shift toward a more balanced market.
Looking ahead, Sonoma County’s real estate market is offering more opportunities for buyers as inventory rises. Sellers will need to be strategic in pricing and marketing their homes to stand out in an increasingly competitive landscape. As market conditions continue to evolve, working with an experienced agent will be essential to making informed decisions in 2025. Reach out if you would like to chat about your real estate goals!
