Chico Home Values

Chico's housing stock splits between two distinct worlds. Along Lake Bridgeport's north shore, custom waterfront homes from the late 1990s through 2018 sit in gated communities like Grand Harbor and North Star Pointe — stone-and-cedar builds with vaulted ceilings and deep-water docks. Inland, the inventory shifts to ranchette parcels of two to fifteen-plus acres along private roads, where barndominiums, board-and-batten new construction, and 1970s-era brick ranch homes share the landscape. Tiny homes and manufactured housing dot the larger tracts. Near the town square, a handful of mid-century homes with original hardwood floors anchor the old grid.

Chico transactions in 2026-05 closed at roughly $251 per square foot, a level that sits about 30 percent above the Wise County median for the same period. Based on MLS data for 2026-05 closings in Chico, the median sale price came in near $443,000 — well above the county's roughly $347,000 figure. List-price reception edged above asking, with sellers receiving just over 102 percent on average, compared to the county's 96 percent. About 42 percent of transactions involved seller concessions averaging around $9,000. A year-over-year price decline of roughly 10 percent in the trailing 12 months reflects a meaningful reset from prior highs.

Active inventory in Chico stands at 135 homes, with only 9 pending — a pending-to-active ratio that points to a slow absorption pace. Months of supply sits near 21, more than double the county's 10-month figure, indicating considerably more available supply relative to demand. New listings over the trailing three months reached 64. Median days on market for recently closed homes came in around 47 days, notably faster than the 12-month trailing average of 72 days, suggesting recent listings that did sell moved more efficiently.