Market Snapshot: Chico & Oroville – June 9, 2025

Market Snapshot: Chico & Oroville – June 9, 2025
The market has shifted slightly in the past two weeks, with inventory and buyer activity telling two very different stories in Chico and Oroville. Here's what’s changing:

Chico, CA – Subtle Cooling Signs
Compared to May 27th:

Pending Sales dropped from 70 to 61, signaling a slight decrease in buyer urgency.

Active listings increased to 153 (from 146), pushing months of inventory up slightly to about 3.4 months—still a balanced market, but worth watching.

Average price per sq ft remains strong at $309, with average days on market holding steady at 62.

List-to-Sales price ratio is still high at 100.2%, showing buyers are still paying close to list, but less likely to compete over.

Takeaway: The Chico market is still solid, but signs of softening are beginning to emerge. Slightly more inventory and fewer pendings could lead to more opportunities for buyers in the next few weeks.

Oroville, CA – Slowing Momentum
Compared to May 27th:

Pending listings dropped significantly from 31 to 21.

⬆️ Active inventory rose from 199 to 205, increasing overall supply.

Months of inventory is up to 9.8 months, a sharp increase from 7.1—indicating a much cooler buyer pool and potential buyer hesitation.

⏳ Average DOM for actives increased to 90 days, while average closed DOM jumped to 63 (up from 46 two weeks ago).

List-to-sale ratio dropped to 91.6%, showing sellers are negotiating more and pricing may be correcting.

Takeaway: Oroville is showing clearer signs of a market slowdown, especially in the under-$400K price points. Buyers may have the upper hand here as summer progresses.

Overall Trends to Watch:
Chico is holding a steady course but watch for more listings and slower sales to tip the balance.

Oroville is seeing classic signs of an inventory-heavy, buyer-favored market.

If you’re thinking about buying in Oroville—this may be the sweet spot.

For sellers in either market, strategic pricing and presentation are key as competition heats up and buyer urgency cools.