Monday Market Update for Chico, CA: August 5, 2024 

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Single family residential properties available: 122 ↓

Median property listing price: $604,055 ↓

Median property listing price/sqft: $312.82 ↑

Median days on the market (DOM): 65 ↑

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Single family residential properties closed escrow in the last 7 days:  14 ↑ 

Median sold price in last 7 days: $484,500 ↑

Median listed price of these properties was: $464,250 ↑

Median closed price in last 7 days price/sqft: $291.79 ↓

Median DOM for properties closed in the last 7 days: 16 ↓

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Single family residential properties under contract in the last 7 days: 21 ↑

Median price under contract in last 7 days: $512,000 ↓

Median price under contract in last 7 days price/sqft: $285.34 ↓

Median DOM for properties under contract in the last 7 days: 35 ↑

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Average 30 Year Fixed Mortgage Rates:  6.16% ↓

Average 15 Year Fixed Mortgage Rates:  5.39% ↓

Rates for mortgages change daily, but they remain low by historical standards. If you’re in the market for a mortgage, it could make sense to go ahead and lock if you see a rate you like. Just be sure to shop around first.

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– Check out my smartphone property app!  It’s called MLS-Client, it offers the most current & accurate information available.  Use it for fun, or for serious home searching.  Download it for free here, Download here. If needed, enter code “0542DA43”

– Are you curious about your current home value? Click here, or contact me.  I will send you a free market evaluation.

– Do you know of someone considering moving? Remember me, a referral is a great compliment.

– Know someone moving out of the area? With my network(s) of agents, I can help find a great agent in any market.

– Keeping it “Real”…Estate!

– Archived Updates at link here: https://www.cityoftreesrealty.com/real-estate/monday-market-updates/

↑↓ Monday Market Update for Chico↑↓