Chico Real Estate Market Report

Executive Summary

DB
Dan Braun

The Chico, CA real estate market is currently classified as a buyer's market. The MLS composite benchmark price is $530K, up 20.7% year-over-year.

There are currently 330 active listings, representing 165 months of inventory. According to Chico Market Report (SDMLS computed), there were 14 sales and 145 new listings in Invalid Date. Inventory has increased 48.0% compared to last month.

Currently, listings spend an average of 62 days on market and the average price per square foot is $247.

Board Data vs Our Listings

MetricChico Market Report (SDMLS computed)Our Listings
Benchmark / Median Price$530K$445K
Average Price$530K$533K
Active Listings330330
Detached Benchmark$530K$626K

Detached properties make up the largest share of the Chico market at 84% of active listings with an average price of $626K. Condo listings follow at 14% (avg $300K).

Sales Activity & Absorption

Volume

2
Sold (30d)
64
Sold (90d)
62
Avg DOM
107
New (30d)

Market Signals

66
Price Cuts (30d)
25
New (7d)
67%
Sell-Through
96.6%
List-to-Sale

Chico Market Report (SDMLS computed) reported 14 sales this period, 107 new listings appeared in the past month, 66 sellers reduced their asking price.

Market Balance

Months of Inventory

Seller'sBalancedBuyer's
165months
Strong Buyer's Market
Sales-to-New Listings (SNLR)9.7%

New listings outpace demand — buyers have more options.

Sell-Through Rate66.7%
Inventory Change (30d)+48.0%
Site Active Listings330

With 165 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.

Interest Rates & Affordability

Current Rates

Bank of Canada Policy Rate2.25%
Prime Rate4.45%
Est. Variable Rate (Prime + 0.5%)4.95%

Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.

Estimated Monthly Payment

Based on median price of $445K, 20% down, 25yr amortization
$2,070/mo
at 4.95% variable rate

This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.

Market Outlook

This is currently a buyer's market with more negotiating power for purchasers. The Chico market currently has 330 active listings with a median price of $445K and 165 months of inventory.

According to Chico Market Report (SDMLS computed), the composite benchmark price is $530K (+20.7% year-over-year). There were 14 sales recorded

  • High inventory (165 months) favors buyers
  • Prices declining (-10% in 30 days)
  • High price reduction rate (20% of listings)
  • Slow-moving market (62 avg days on market)
  • Average price per square foot is $247
  • Sold properties averaged 43 days on market

For Buyers

With more inventory and less competition, buyers in Chico have room to negotiate. Take time to compare options and don't rush — but be ready to act on well-priced properties. There were 25 new listings in the past week.

For Sellers

With higher inventory, pricing strategy is critical. Price at or slightly below market value to attract attention. Ensure your listing stands out with quality photos and accurate details. 66 listings have reduced their price in the past 30 days. The current sell-through rate is 67%.

Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily, with board statistics from Chico Market Report (SDMLS computed). Prepared by Dan Braun with AI assistance, reviewed by our team.

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Market data is calculated from active and recently sold MLS® listings as of June 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.

Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.