Woodland’s for-sale supply keeps shrinking as buyers move quickly

The number of homes available to buy in Woodland has grown noticeably thinner over the past year. Newly released Redfin data for the three months ending in August shows active inventory in the city of about 61,000 residents fell 13.7% from a year earlier, down to 214 listings from 248 in the same period of 2025. That leaves Woodland with roughly 1.5 months of supply — the amount of time it would take to sell every listing at the current pace — a level that firmly favors sellers and gives buyers limited choice.

A tightening supply picture

The pullback in inventory has been steady rather than sudden. Active listings also slipped 4.5% from the three months ending in July, when 224 homes were on the market. New listings offered little relief: 148 properties came to market in the latest period, down slightly from 155 a year earlier and roughly flat with the prior month’s 149.

With fewer homes to choose from, buyers have been moving faster. The median home spent 19 days on the market, down from 23 days a year ago — meaning homes are selling nearly four days sooner than they did last summer. That pace is quicker than the 20-day median in the three months ending in July, though it remains well above the eight-day frenzy recorded five years ago in the summer of 2021, when 201 homes changed hands in a single quarter.

Prices edge higher, sales pick up

The median sale price reached $560,129, up 2.8% from $545,000 a year earlier and essentially unchanged from the prior month’s $558,745. Over a longer horizon, prices have climbed 11.6% in five years, a gain that has roughly kept pace with broad inflation over the period. Nationally, home prices continued to rise modestly, with the S&P/Case-Shiller index up year over year.

One detail complicates the price story. While the median sale price rose, the median price per square foot actually fell 2.6%, from $336 to $327 — a sign that buyers may have shifted toward somewhat larger homes, pulling the overall median up even as the cost of each square foot eased.

Sales activity, meanwhile, strengthened. A total of 141 homes sold in the latest period, up 17.5% from 120 a year earlier, though nearly flat with the 142 sold in the three months ending in July. Competition remained evident: 31.4% of homes sold above their asking price, up from 25% a year ago, and the typical home sold at 98.7% of its list price.

Affordability and financing costs

Borrowing costs have edged up. The 30-year fixed mortgage rate averaged 6.67% in August, according to Freddie Mac data reported by the Federal Reserve, up from 6.54% in July and 6.59% a year earlier. The combination of higher prices and slightly higher rates has pushed monthly costs up: the principal-and-interest payment on a median-priced Woodland home, assuming 20% down, now runs about $2,883 a month — roughly $101 more than a year ago, when the same purchase penciled out to $2,782.

At that level, a median-priced home costs about 6.2 times the median household income of $90,180, according to U.S. Census Bureau figures. A ratio above five times income is generally considered unaffordable, and the monthly payment now consumes an estimated 38.4% of median household monthly income — a stretched but not prohibitive share by conventional standards.

Where the market stands

Taken together, the data describe a market that has grown tighter over the past year: fewer homes for sale, more of them selling, and buyers acting more quickly and more often above asking. The 1.5 months of supply underscores how limited choices have become for buyers, even as annual price growth of 2.8% remains modest compared with the double-digit swings seen during the pandemic era.

For longer context, the current median price sits only slightly above the $555,000 median recorded two years ago in the summer of 2024, while homes today take five days longer to sell than the 14-day median of that period. The recent picture, then, is less about rapid price acceleration and more about a shrinking pool of listings meeting steady demand — a dynamic that has kept modest upward pressure on prices and sale speeds alike.