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Sonoma County Median Home Price Sets A New Record

lisasheppard | July 29, 2021

Sonoma County's housing market sets price record as buying ...

The median price of a single family home in Sonoma County has hit another record…$825,000 in June, signaling a continued boom in the housing market.

That midpoint price jumped from the previous all-time high of $780,000 in May and a 16% annual increase from June 2020.

The increasing price of single-family house prices have put homeownership further out of reach for many locals. An estimated 51% of Sonoma County residents paid more than 30% of their gross monthly income on housing last year, the highest level in the Bay Area.

Have we reached the peak? Analysts and real estate agents think the market might cool and prices will stabilize in the near term.
due to buyer fatigue, with buyers who have lost out on several bids sitting on the sidelines and waiting it out or opting to stay in the rental market.

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