Vallejo, California Housing Market

What stands out in Vallejo?

• Asking price per square foot has moved +0.2% a year over five years: among the weakest five-year price growth of 765 tracked cities. Appreciation has been weak, so buy for cash flow.

How much more is for sale in Vallejo than before the pandemic?

There are 262 homes for sale in Vallejo, 59% more than in 2017–2019 at this time of year. That count is down 7% on last year, with 120 new listings this month. The build-up is biggest in 94590 (96 for sale, 88% above its 2017–2019 level) and 94589 (48 for sale, 69% above its 2017–2019 level). More choice means you can walk away from any home priced for the market of three years ago.

How much can you negotiate in Vallejo?

For every 100 homes still for sale, 35 are under contract. In 2017–2019 at this time of year it was 59. The rest are still waiting for a buyer. About 1 in 5 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.

The typical Vallejo listing has been on the market 42 days. That is 20% shorter than a year ago. There are 262 homes for sale in Vallejo. That is 5.6 times the tightest month on record, but below the peak of 286. Supply is shrinking against last year.

What to do about it

• Search Vallejo homes listed 60+ days ago that have already cut their price.
• Offer below the reduced price.
• Keep your inspection and financing contingencies.
• Ask the seller to pay closing costs.
• You can lose a few offers here and still win.

How does Vallejo compare with other California markets?

Ranked among the 141 California markets we track:

• Asking price: 29th cheapest of 141. Vallejo is at $537,462. Closest: Clovis and Palm Desert.
• Buyer competition: 39th least competitive of 138. Vallejo is at 0.35 buyers per home. Closest: San Diego and Rancho Palos Verdes.
• Time on market: 24th shortest time on market of 141. Vallejo is at a median of 42 days on market. Closest: Walnut Creek and El Cajon.
• Price cuts: 61st most price cuts of 141. Vallejo is at 20% of sellers cutting. Closest: Pittsburg and Yorba Linda.

When do Vallejo prices dip?

Across 9 full years, Vallejo asking prices ran lowest in January, about 3.8% below the year's average. They peaked in September. The most homes for sale show up in October, about 21% above the yearly average. Shop in October for choice, and expect the softest asking prices in January.

What is the fair market rent in Vallejo?

HUD sets one fair market rent for Solano County. For fiscal year 2026:

• 1 bedroom: $1,705 a month. Down 10% on last year, up 67% since FY2016.
• 2 bedrooms: $2,178 a month. Down 10% on last year, up 70% since FY2016.
• 3 bedrooms: $2,911 a month. Down 10% on last year, up 56% since FY2016.
• 4 bedrooms: $3,297 a month. Down 10% on last year, up 47% since FY2016.

The figures include tenant-paid utilities and apply to all of Solano County, so one home's rent can sit well above or below them. See fair market rent by city.

What numbers should you underwrite a Vallejo deal with?

• Price growth to assume — +0.2%/yr. Vallejo grew 4.6% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Vallejo prices are flat. Assume no growth. Prices fell 0.9% over the last year. Use it for timing. The five-year rate is the better guide.
• Competition when you exit — -7%. Homes for sale in Vallejo are down 7% on last year, so your resale faces less competition than today's comps did.

Read what days on market tells you about leverage and how we read these numbers, then run the numbers on a deal.

What is the median home price in Vallejo?

The median asking price in Vallejo is about $537,000 as of Sep 2026, down 0.9% from a year ago. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Vallejo figures cover the 4 ZIP codes with a Vallejo mailing address, which can reach past city limits.

Is Vallejo a buyer's or seller's market in 2026?

Buyers have more room in Vallejo than usual. We compare Vallejo with 2017–2019 at this time of year: there are 35 pending sales per 100 listings, against 59 then; there are 59% more homes for sale; the typical listing has been up 21% more days.

Are Vallejo home prices going up or down?

The median asking price is 9.2% below its Sep 2022 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.

What is the fair market rent in Vallejo?

HUD's fiscal year 2026 fair market rent for Solano County is $2,178 a month for 2 bedrooms and $2,911 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.