Sonoma, CA

Sonoma

Just an hour’s drive north of the hustle and bustle of the San Francisco Bay Area, Sonoma real estate patterns are completely unlike San Francisco or other satellite markets like Palo Alto. Average sales prices in Sonoma are down to $8.1M in 2024, a 29% decline since its peak year of 2023.

1. 2024 average sales prices are down to $8.1M, the lowest of all Northwest Coast markets

2. There is no clear pattern of price movement, either positive or negative, over the last years

3. Sellers take 327 days to sell on average

Sonoma luxury real estate may cause headaches for sellers

Sellers in Sonoma, on average, hold their property for 327 days between the initial listing and the sales date and fetch only 84.5% of their initial listing price. 

Those that sold faster (under 180 Days On Market) could expect to achieve a bit better economic return of 90% of their initial listing price. Sonoma sellers should conclude that it pays to sell earlier whenever possible.