New Listing
26
$55,900
1595 Manzanita Ave Unit 47
Chico, CA 95926
2 bd2 ba980 sqft$57/ft²
Mobile home
Heather Cooper · Willow & Birch Realty, Inc
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Chico, CA Housing Market
Seller's market+0.8% YoY
Zillow, July 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, August 2026 · Refreshes weekly
The typical home in Chico, CA is worth $464,980, rose 0.8% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $475,000, -6.9% year over year (through May 2026). With 2.1 months of supply and homes going under contract in about 35 days, Chico is a seller's market. At today's 6.66% 30-year fixed rate, 20% down on a $464,980 home is about $2,390/mo in principal and interest.
Key numbers for Chico, CA
Typical home value
$464,980
+0.8% in 12 months
Zillow, July 2026
Typical asking rent
$1,541/mo
Zillow Observed Rent Index
Zillow, July 2026
Median sale price
$475,000
-6.9% year over year
Redfin, through May 2026
Days on market
35
Average pace
Redfin, through May 2026
Active listings
179
2.1 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$67,929
Home costs 6.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
99.7%
Selling below asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Chico a buyer's or seller's market?
Seller's market2.1 months of supply35 days on market99.7% of asking
Chico, CA is a seller's market, based on 2.1 months of supply and homes selling in about 35 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Chico housing market data show?
Every row below is Redfin's final published month for Chico, CA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $475,000 |
| Median list price | $470,000 |
| Year-over-year price change | -6.9% |
| Median price per sq ft | $298/sq ft |
| Median days on market | 35 days |
| Active inventory | 179 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 99.7% |
| Homes sold (that month) | 85 |
| New listings (that month) | 84 |
| Listings with a price cut | 32.4% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Chico is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Chico is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Chico home prices moved?
Over the last three years the median sale price in Chico, CA rose 6.3%, from $447,000 to $475,000. The live Zillow value series has rose 0.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. 32.4% of Chico listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.1 months while the sale-to-list ratio slips below its current 99.7%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Chico?
Priced off the typical home value of $464,980 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $92,996 | $371,984 | $2,390/mo |
| 5% | $23,249 | $441,731 | $2,839/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,390, that implies roughly $102,449 a year before you add taxes and insurance. The median household in Chico earns $67,929, about $34,520 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 6.8x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Chico in the next 12 months?
Tell us your timeline. We send the Chico market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Chico?
Typical asking rent in Chico, CA is $1,541/mo, against a typical home value of $464,980. That is a price-to-rent ratio of 25.1x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $2,390 a month — $850 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, July 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Chico?
Active listings in Chico, CA went from 190 in May 2025 to 179 in May 2026, a -5.8% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 194 | 100 |
| July 2025 | 194 | 83 |
| August 2025 | 202 | 96 |
| September 2025 | 198 | 77 |
| October 2025 | 203 | 94 |
| November 2025 | 164 | 51 |
| December 2025 | 143 | 40 |
| January 2026 | 145 | 61 |
| February 2026 | 149 | 81 |
| March 2026 | 177 | 100 |
| April 2026 | 192 | 105 |
| May 2026 | 179 | 84 |
Redfin, through May 2026
How does Chico compare to California and the U.S.?
Chico homes sell for $475,000 — 46% below the California median of $887,400. Against the national median of $410,700, Chico runs 16% higher. Year-over-year, Chico moved -6.9% against California's +3.4% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Chico, CA | $475,000 | -6.9% | 35 days |
| California statewide | $887,400 | +3.4% | 33 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Chico
What buyers should watch
- Months of supply, currently 2.1. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 32.4%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $448 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $464,980 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Chico listing goes under contract in 35 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 99.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Chico added 84 new listings against 85 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +0.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Chico varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Chico
There are currently 179 homes listed for sale in Chico, California. The median listing price is $470K. Featured listings range from $55,900 to $1,750,000.
New Listing
3
$185,000
Talbert Dr
Chico, CA 95928
Land23,522 sqft lot
Carrie Welch · Capital Rivers Commercial Inc
View photos & details
New Listing
30
$335,000
951 Cleveland Ave
Chico, CA 95928
3 bd2 ba1,062 sqft$315/ft²
House4,356 sqft lot
Monica Hosier · Parkway Real Estate Co.
View photos & details
New Listing
27
$349,000
236 W 1st Ave
Chico, CA 95926
3 bd2 ba1,068 sqft$327/ft²
House4,792 sqft lot
Lisa Bristow · Platinum Partners Real Estate
View photos & details
New Listing
3
$350,000
109 Sycamore Valley Rd
Chico, CA 95973
Land1.29 acres
Mark Reaman · Century 21 Select Real Estate, Inc.
View photos & details
New Listing
39
$450,000
306 Henshaw Ave
Chico, CA 95973
3 bd2 ba1,408 sqft$320/ft²
House6,098 sqft lot
Katie Hurwitz · Upside Real Estate
View photos & details
New Listing
31
$450,000
73 Skymountain Cir
Chico, CA 95928
3 bd2 ba1,312 sqft$343/ft²
House8,712 sqft lot
Sergio Sanchez · Thrive Real Estate Company
View photos & details
New Listing
47
$469,000
215 Danielson Ln
Chico, CA 95973
3 bd2 ba1,446 sqft$324/ft²
House5,663 sqft lot
Doria Franklin · Keller Williams Realty Chico Area
View photos & details
New Listing
30
$525,000
3481 Rogue River Dr
Chico, CA 95973
4 bd2 ba1,561 sqft$336/ft²
House5,663 sqft lot
Becky Prater · Platinum Partners Real Estate
View photos & details
$530,000
254 E Shasta Ave
Chico, CA 95973
3 bd2 ba1,766 sqft$300/ft²
House16,117 sqft lot
Amy Campbell · Keller Williams Realty Chico Area
View photos & details
New Listing
35
$655,000
2460 Estes Rd
Chico, CA 95928
3 bd3 ba2,200 sqft$298/ft²
House3.05 acres
Adam Pearce · Adam Pearce, Broker
View photos & details
New Listing
71
$1,750,000
168 Donald Dr
Chico, CA 95973
5 bd5 ba5,380 sqft$325/ft²
House3.15 acres
Taryn Mehan · Parkway Real Estate Co.
View photos & details
Looking to buy in Chico?
Get connected with a local real estate expert — free, no obligation.
Active listings
179
Homes on market
Median list price
$470K
Avg. days on market
35
Days until sale
New this week
84
Newly listed
Price drops:32.4%of listings
Sale-to-list:99.7%
How much do homes cost in Chico by property type?
How the Chico, CA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $479,000 | $298/sq ft | 79 | 34 days |
| Condo / co-op | $320,000 | $227/sq ft | 5 | 39 days |
| Townhouse | $293,500 | $200/sq ft | 2 | 23 days |
Who lives in Chico?
American Community Survey estimates for Chico. U.S. Census ACS, 2023
Population
102,032
Households
41,934
Median income
$67,929/yr
Median age
31 years
Owner-occupied
44.3%
Median home value
$455,300
Median gross rent
$1,442/mo
Mean commute
17.3 min
44.3% of occupied homes in Chico are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $455,300 against Zillow's $464,980 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,442/mo, below Zillow's $1,541/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Chico?
32 schools tracked · 15,192 students
The largest public schools serving Chico, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Pleasant Valley High
Grades 9-12 · 1,922 students
Chico High
Grades 9-12 · 1,873 students
Bidwell Junior High
Grades 6-8 · 1,010 students
Chico Junior High
Grades 6-8 · 931 students
CORE Butte Charter
Grades K-12 · 898 students
Marsh (Harry M.) Junior High
Grades 6-8 · 764 students
Shasta Elementary
Grades K-5 · 633 students
Emma Wilson Elementary
Grades K-5 · 613 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Chico, CA?
Ordered by distance from Chico, not by size. Compare Chico side by side with any of them.
Which ZIP codes are in Chico?
These are the ZIP codes we see on active Chico listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Chico housing market FAQ
Is Chico a buyer's or seller's market?
Chico, CA is currently a seller's market. That read comes from 2.1 months of supply, homes going under contract in about 35 days, and sellers getting 99.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Chico?
The typical home in Chico, CA is worth $464,980 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $475,000, about $298 per square foot.
Is Chico cheaper than the rest of California?
Chico's median sale price of $475,000 is 46% lower than the California statewide median of $887,400, and 16% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Chico?
Homes in Chico, CA spent a median of 35 days on market before going under contract, versus 33 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Chico?
At the current 30-year fixed rate of 6.66%, 20% down on a $464,980 home is about $2,390 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $102,449 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $67,929.
Are home prices rising in Chico?
The typical home value in Chico, CA rose 0.8% over the last 12 months, from $461,219 to $464,980 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Chico?
Chico ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Chico?
That depends on your timeline, not on a headline. What the data says today: Chico, CA is a seller's market with 2.1 months of supply, the 30-year fixed rate is 6.66%, and the price-to-rent ratio of 25.1x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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