Chico Real Estate Market Statistics

Tammy Waller, Chico Real Estate, Chico Realtor, Chico California Real Estate

Tammy Waller Aviles

Broker, Owner

License # 01358682

Waller Real Estate

1299 East Ave. Ste B

Chico, CA 95926

P: (530) 896-0700

C: (530) 354-1380

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Waller Real Estate proud member of the Chico Chamber of Commerce

Chico Realtor, Real Estate Agent Chico, Chico Real Estate

As of 01/04/09-310 active listings in Chico Area's 1a-1f

Chico Market Watch

The Fourth quarter of 2008 stats are in!

During the fourth quarter of 2008-there were a total of one hundred sixty nine single family residences sold in the six urban areas of Chico-the same number of homes closed from the fourth quarter of 2007. The median home price for the fourth quarter dipped to $269,000-down from the third quarter's median price of $275,000 or approximately 2%. From the peak of the Chico Real Estate Market in the second quarter of 2006-our market has experienced an approximate 22% decrease in the median sold home price looking at the per quarter numbers. Year over year totals however reflect a drop in the median home price of approximately 15%-going from a median year end figure of $335,000 for the peak year of 2006 to the 2008 year end median price of $282,750. At the current rate of absorption, the Chico Real Estate market has just under five and an half months supply of homes.

The graph above and the hard numbers below is compiled from data from the Sierra North Valley Multiple Listing Service (MLS), and does not include sales stats for any and all properties not listed in the MLS; including new home construction sold by the builder directly or For Sale By Owners.

If you would like information on what home prices are doing in your neighborhood, I'm just a phone call or email away and would be more than happy to assist you.

Chico 2008

2008 Total	Average Price	Median Price	DOM
718	$317,211	$282,750	72
1st Qtr 2008
127	$335,005	$292,000	91
2nd Qtr 2008
224	$329,085	$289,750	58
3rd Qtr 2008
198	$309,824	$275,000	84
4th Qtr 2008
169	$296,755	$269,500	62
By Type
SFR up to 2 bed
74	$221,718	$225,500	75
SFR 3 bed
467	$292,911	$272,000	66
SFR 4 plus bed
177	$421,248	$370,000	85

Chico 2007

2007 Total	Average Price	Median Price	DOM
802	$358,350	$325,000	82
1st Qtr 2007
188	$370,102	$335,000	92
2nd Qtr 2007
257	$357,045	$335,000	76
3rd Qtr 2007
188	$359,510	$320,500	66
4th Qtr 2007
169	$345,970	$315,000	94
By Type
SFR up to 2 bed
96	$255,940	$248,500	56
SFR 3 bed
499	$330,807	$315,000	76
SFR 4 plus bed
207	$472,242	$420,000	108

Chico 2006

2006 Total	Average Price	Median Price	DOM
851	$372,141	$335,000	63
1st Qtr 2006
176	$370,200	$337,250	70
2nd Qtr 2006
239	$376,308	$345,000	51
3rd Qtr 2006
235	$371,391	$335,000	56
4th Qtr 2006
201	$369,764	$325,000	80
By Type
SFR up to 2 bed
91	$257,715	$249,000	54
SFR 3 bed
563	$353,155	$326,000	62
SFR 4 plus bed
193	$482,806	$455,000	71

Chico 2005

2005 Total	Average Price	Median Price	DOM
922	$364,463	$334,950	52
1st Qtr 2005
220	$330,467	$315,450	84
2nd Qtr 2005
291	$364,870	$335,000	46
3rd Qtr 2005
243	$386,393	$339,000	31
4th Qtr 2005
168	$376,778	$342,000	52
By Type
SFR up to 2 bed
109	$270,381	$249,500	45
SFR 3 bed
616	$353,020	$329,950	51
SFR 4 plus bed
197	$452,297	$409,900	57

Chico 2004

All SFR	Average Price	Median Price	DOM
1063	$310,573	$282,000	86
1st Qtr 2004
236	$276,878	$251,000	105
2nd Qtr 2004
306	$314,207	$282,000	75
3rd Qtr 2004
275	$315,349	$289,500	75
4th Qtr 2004
246	$333,041	$305,000	92
By Type
SFR up to 2 bed
133	$213,521	$205,000	78
SFR 3 bed
663	$293,765	$272,000	82
SFR 4 plus bed
267	$400,655	$374,000	99