Avezta Realty International Corp.

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 median asking price is $459K, down 17.8% over the past 30 days.

There are currently 306 active listings, representing 7.3 months of inventory. 138 properties have sold in the past 90 days at a median sold price of $448K. Inventory has increased 59.4% compared to last month.

Currently, listings spend an average of 44 days on market and the average price per square foot is $251.

Detached properties make up the largest share of the Chico market at 84% of active listings with an average price of $594K. Condo listings follow at 15% (avg $300K).

Sales Activity & Absorption

Volume

42
Sold (30d)
138
Sold (90d)
44
Avg DOM
114
New (30d)

Market Signals

111
Price Cuts (30d)
37
New (7d)
98%
Sell-Through
96.2%
List-to-Sale

42 properties sold in the past 30 days, 114 new listings appeared in the past month, 111 sellers reduced their asking price.

Market Balance

Months of Inventory

Seller'sBalancedBuyer's
7.3months
Buyer's Market
Sell-Through Rate97.7%
Inventory Change (30d)+59.4%
Site Active Listings306

With 7.3 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 $459K, 20% down, 25yr amortization
$2,136/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 306 active listings with a median price of $459K and 7.3 months of inventory.

  • High inventory (7.3 months) favors buyers
  • Prices declining (-17.8% in 30 days)
  • High price reduction rate (36% of listings)
  • High sell-through rate (98%)
  • Average price per square foot is $251
  • Sold properties averaged 23 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 37 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. 111 listings have reduced their price in the past 30 days. The current sell-through rate is 98%.

Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily. Prepared by Dan Braun with AI assistance, reviewed by our team.

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Resources

Explore Chico

Homes for Sale in Chico306 active listingsCost of Living in ChicoHousing, rent & expensesSold Data in ChicoRecent sales & prices

Market data is calculated from active and recently sold MLS listings as of April 15, 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.