Is Chico, CA 95973 a buyer’s or seller’s market?

The Chico housing market right now

In the three months ending August 31, 2026, 22% of homes in Chico, CA 95973 sold above their list price, the typical home went under contract in 39 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 106 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold more slowly (34 days then) and the median sale price rose 8% to $549,762. Overall, Chico is less competitive than a year ago, which gives buyers more room.

Within Butte County, homes here sell faster than in 57% of the county’s ZIP codes, and sell less often over asking than in 53%. On our competition score, Chico ranks #603 of 1,069 CA ZIP codes with enough sales (score 61 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.