Is Chico, CA 95928 a buyer’s or seller’s market?

The Chico housing market right now

In the three months ending August 31, 2026, 18% of homes in Chico, CA 95928 sold above their list price, the typical home went under contract in 29 days and there were 3.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 74 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 22%, homes sold faster (38 days then) and the median sale price rose 1% to $484,790. Overall, Chico is about as competitive as it was a year ago.

Within Butte County, homes here sell faster than in 71% of the county’s ZIP codes, and sell less often over asking than in 73%. On our competition score, Chico ranks #841 of 1,069 CA ZIP codes with enough sales (score 46 out of 100).

Nearby, buyers who want less competition could look at Stirling City 95978 (0% sold over asking) or Berry Creek 95916 (0% sold over asking), while Richvale 95974 (100% sold over asking) and Durham 95938 (55% sold over asking) are even more competitive.