91 Closings, $102.8M in Volume: In Petaluma's Q1 2026, the Top Two Price Bands Ran at More Than Double the Rest Per Square Foot

The period at a glance

List prices are absent from the county record and MLS export used here. Ninety-one sales closed across Petaluma's six recorded segments in the first quarter of 2026, generating just over $102.8 million in aggregate volume. The overall median landed at $975,000 on 91 closings, though that single figure papers over a quarter with pronounced internal tension: the two sales above $3 million logged a combined median price per square foot of $1,315 — more than twice the $548 recorded in the $1M–$1.5M band directly below them, and nearly three times the $485 in the under-$1M band that accounted for the largest share of transactions.

Days on market were recorded for zero of the 91 closings in this source, so no speed analysis is possible for the quarter. What the record does show is that activity accelerated through the period: March closed 37 transactions against 27 each in January and February, pushing the quarter's price-per-square-foot reading to its highest monthly point at $558. The single-family segment, at 63 of 91 closings, anchored the quarter; the Other segment — which includes rural and agricultural properties — produced the quarter's top sale at $3.5 million while posting the widest price range of any category.

The sales

Table shows the top 40 of 91 closings by sale price. The remaining 51 are not shown but are included in all summary figures.

Four transactions account for the quarter's defining range. At 1975 Middle Two Rock Road, a 1957-built, 3-bedroom home on 8.2 acres closed at $3,500,000 on March 6 — $1,579 per square foot, the highest rate in the quarter by a substantial margin, and a figure that pulls the Other segment's headline numbers upward considerably. That same week, 105 G Street, a 3-bedroom single-family at 2,047 square feet, closed at $2,063,000 ($1,008/sq ft), making it the priciest non-Other, non-rural result in the quarter on a per-foot basis among homes above 1,500 square feet.

At the opposite end of the size-versus-price dynamic, 6 Jasper Court — a 2022-built, 5-bedroom home at 3,302 square feet — closed at $1,192,000 on January 29, a rate of $361 per square foot: the lowest per-foot figure in the top 40. And 805 Lohrman Lane, at just 893 square feet with two bedrooms, closed March 2 at $1,365,000 ($1,529/sq ft), a reminder that lot position and location attributes not captured in square footage alone explain a portion of what the record shows.

Where the market split

By segment

The single-family segment supplied 63 of 91 closings, with a median of $1,050,000 on 1,904 median square feet at $550 per foot. The Other segment — 14 closings spanning farms, rural parcels, and properties that do not fit standard residential categories — matched that same $1,050,000 median price but carried a wider range, from $608,000 to $3,500,000. That range is entirely a function of what lands in the category: the $3.5M Two Rock Road sale sits alongside more conventionally priced suburban-edge properties.

The condominium segment's six closings produced a $592,500 median — the lowest of any segment with enough sales to support one — at $399 per square foot. Townhouses, with four closings, registered a $692,500 median at $411 per foot. Multi-family recorded three closings ranging from $750,000 to $1,100,000; with exactly three transactions, the $960,000 figure is the middle sale, not a statistically robust median. The single mobile home closing — 391 King Road at $1,249,000 — stands alone; no segment median applies to one transaction.

By price band

The price-band table is where the quarter's internal structure becomes legible. More than half of all closings — 46 of 91 — came in below $1 million, at a median of $485 per square foot. The next band, $1M to $1.5M, captured 30 closings at $548/sq ft. Those two bands together account for 83% of all transactions.

Above $1.5 million, volume drops sharply: nine closings in the $1.5M–$2M range, four in $2M–$3M, and two above $3 million. The per-foot rate climbs with each step, but the jump between $2M–$3M ($659/sq ft, four closings) and $3M–$5M ($1,315/sq ft, two closings) is not a smooth progression — it reflects the specific character of the two transactions that cleared that threshold, both of which carried rural or estate-scale land components.

Across the period

January and February each recorded 27 closings, then March added 37 — a 37% increase in transaction count. The January median of $1,050,000 dropped in February to $955,000, the quarter's low point on both price and per-foot rate ($528). March recovered to $1,005,000 at $558 per square foot, the quarter's high on that measure, on the strength of its larger transaction count and the inclusion of two closings above $3 million.

The February dip is worth noting alongside the volume surge in March. Whether deals that would otherwise have closed in February were recorded in March, or whether the composition of March closings simply skewed toward higher-priced properties, the county record does not tell us. What it does show is that the quarter's per-foot rate tracked: down from January to February, up from February to March, finishing the quarter above where it started.

What it means

For sellers: Sixty-three single-family closings in ninety days, at a median of $1,050,000, describes an active quarter for that segment. The under-$1M band accounted for 46 of 91 total closings — the largest single band — and produced transactions across the full spectrum of the city's neighborhoods, which indicates the lower end of the market remained liquid throughout the quarter. Properties above $2 million closed in small numbers (six total), and their per-foot rates diverged significantly from the broader market, suggesting pricing in that range operated on different dynamics than the volume-driven bands below.

For buyers: The $1M–$1.5M band — 30 closings at a $548 median per square foot — was the quarter's busiest segment of the market above seven figures, producing more transactions than the three bands above it combined. The condominium and townhouse segments, at six and four closings respectively, represent the quarter's smallest transaction pools in attached housing; the condominium range ran $400,000 to $705,000, providing Petaluma's lowest entry point among recorded segment types with more than one closing.

For owners not transacting: The overall quarterly median of $975,000 on 91 closings reflects a market where median square footage was 1,869 and the median lot was 6,000 square feet. The quarter produced $102.8 million in total recorded volume. Month-to-month, the median price moved within a $95,000 range — from $955,000 in February to $1,050,000 in January and approaching that again in March — without the kind of single-month outlier that would distort the quarter's overall picture.

Jake Taylor · CA DRE #02070119
[email protected] · (707) 630-1001