Vacaville Real Estate Insights – December 2024

Balanced Market Presents Strategic Opportunities for Buyers and Sellers

The December 2024 Vacaville Real Estate Insights is here to help Real Estate Professionals and their clients stay ahead of the market. With home prices appreciating and moderate competitiveness, Vacaville offers strategic opportunities for both buyers and sellers.

In this report, we’ll provide detailed market data, trends over the past 12 months, and actionable strategies that Real Estate Professionals can leverage for success. If you’re looking for key insights to help clients make informed decisions, this is the resource you need.

Market Overview

Vacaville’s real estate market continues to show steady appreciation in home values, stable sales timelines, and moderate competition. Rising prices favor sellers, while buyers benefit from consistent inventory levels and negotiation leverage.

Key Market Data

  • Median Sale Price: $616,000

  • Average Home Value: $611,598 (+1.1% YoY)

  • Median Listing Price: $649,900 (+5.2% YoY)

  • Median Price Per Square Foot: $355

  • Median Days to Pending: 22 days

  • Inventory: 219 active listings, 85 new listings

Vacaville’s market is described as moderately competitive, with homes selling for about 1% below list price and receiving multiple offers

Current Market Trends

1. Price Appreciation Steadily Increases Home Values

  • Median home prices have grown between 1.1% to 5.2% YoY, showing healthy appreciation.

  • The median listing price sits at $649,900, presenting a strong position for sellers.

2. Stable Sales Activity Reflects Buyer Demand

  • Homes are going pending in a median of 22 days, indicating consistent demand and active buyer participation.

  • Inventory levels remain balanced at 219 active listings, giving buyers options without overwhelming competition.

3. Balanced Market Conditions Provide Strategic Opportunities

  • While sellers enjoy rising prices and steady offers, buyers benefit from improved negotiation leverage due to moderate competition.

3 Top Takeaways

1. Steady Price Growth Creates Seller Confidence

With home prices appreciating between 1.1% to 5.2%, sellers are in a strong position to achieve favorable returns.

2. Buyers Benefit from Inventory Stability and Negotiating Room

Vacaville’s inventory of 219 homes allows buyers to explore options and negotiate terms while home prices remain within manageable growth.

3. A Balanced Market Creates Win-Win Opportunities

The combination of rising prices and steady inventory creates a balanced environment, ideal for buyers and sellers to achieve their goals.

Seller and Buyer Scores with Implications

Seller Score: 63

Sellers hold the advantage with rising prices and consistent demand. While not as competitive as peak seller markets, sellers can still achieve favorable outcomes.

Why This Score?

  • Home prices continue to grow steadily.

  • Homes are selling within a 22-day median timeline, reflecting buyer interest.

  • Multiple offers are still common, offering sellers a chance to negotiate stronger terms.

Seller Advantages:

  • Stronger offers close to list price.

  • Competitive conditions allow for reduced contingencies.

  • Rising equity provides sellers with a solid position for their next move.

Buyer Score: 55

Buyers have opportunities in this balanced market, including inventory options and room for negotiation.

Why This Score?

  • Inventory remains stable at 219 active listings, providing buyers with choices.

  • Prices are appreciating, but at a moderate rate, allowing for reasonable affordability.

  • Homes are selling slightly below list price, offering negotiation potential.

Buyer Advantages:

  • Ability to negotiate for favorable contingencies and timelines.

  • Better selection with stable inventory levels.

  • Opportunity to act before prices rise further in 2025.

Trends, Changes, and Future Projections

1. Price Appreciation Expected to Continue

Vacaville’s strategic location near Sacramento and the Bay Area will sustain demand. Home prices are anticipated to increase modestly through 2025 as economic conditions remain favorable.

2. Balanced Competition Will Persist

Moderate competition will define the market into early 2025. Inventory levels are stable, and buyers are active, ensuring both sides have advantages.

3. Interest Rates Remain a Key Factor

While rates remain relatively stable, any upward movement in mortgage rates could influence affordability and slow price growth. Buyers should act while rates remain favorable.

Utilizing This Content

3 Actionable Messages for Real Estate Professionals

1. “Sellers: Now’s the Time to Leverage Rising Prices”
With home values up 1.1%-5.2% YoY, sellers can capitalize on equity growth and strong buyer demand to secure top-dollar offers.

2. “Buyers: Stable Inventory Gives You Options and Power”
With 219 active listings and homes selling slightly below list price, buyers have the leverage to negotiate favorable terms and secure their dream home.

3. “Balanced Market = Opportunity for Everyone”
Vacaville’s market offers a win-win scenario. Sellers benefit from rising prices, and buyers enjoy stable inventory and negotiating power. It’s the perfect time for smart decisions.

Vacaville’s real estate market in December 2024 offers steady price growth, active demand, and a balanced environment that benefits both buyers and sellers. Sellers can achieve strong offers while buyers enjoy inventory options and negotiation opportunities.

For Real Estate Professionals, this is the time to engage your clients with informed strategies and insights. Whether buying or selling, Vacaville’s market presents excellent opportunities to achieve success.

For expert guidance and strategic support, reach out to Realty One Elite today.

Additional resources:

  1. Redfin - Vacaville Housing Market Data

  2. Zillow - Vacaville Home Values

  3. Realtor.com - Vacaville Market Trends

Vacaville, CA

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Vacaville, CA 〰️