Carmichael Housing Market Data for March 2022
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Median Housing Market Data
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Housing prices have increased in Carmichael. Housing prices are up 8% when comparing March sales this year to March of last year. There is a large housing price increase from February to March highlighted in green.
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In red, the DOM currently is at 11 for the active listings. This is a little higher than other areas around Sacramento. But one home sitting on the market can alter this number.
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In January the DOM for active listings was 29. That is normal coming out of the holidays and the slower housing market season.
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Of the homes currently pending, 76% have multiple offers. In February, the pending homes were at 71%. Looking at the number of pending homes highlighted in yellow. February had 41, and in March it jumped up to 72.
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Normally this time of year the active listings (inventory) should increase. Highlighted in blue there was a jump in inventory. It normally will increase in March as well.
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With interest rates rising. The housing market will start to slow down.
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For more housing information visit my blog at https://www.allcahomes.com/blog/
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January-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
33 |
$695,000 |
$0 |
29 |
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Pending |
50 |
$531,450 |
$0 |
8 |
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Sold |
62 |
$480,500 |
$473,000 |
6 |
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Sold 2021 |
45 |
$445,000 |
$446,000 |
31 |
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February-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
44 |
$624,000 |
$0 |
9 |
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Pending |
41 |
$595,000 |
$0 |
12 |
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Sold |
49 |
$495,000 |
$510,000 |
7 |
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Sold 2021 |
47 |
$479,900 |
$487,000 |
6 |
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March-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
40 |
$672,000 |
$0 |
11 |
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Pending |
72 |
$549,950 |
$0 |
7 |
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Sold |
49 |
$556,900 |
$560,000 |
8 |
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Sold 2021 |
62 |
$497,000 |
$520,000 |
6 |
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Average Housing Market Data
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Looking at the average housing market data. Highlighted in blue in the active listings. The large difference between the original price and the list price is most likely a large price drop.
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The DOM using the average is high which means some homes are sitting on the market longer.
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March-22 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
40 |
$902,092 |
$873,670 |
$0 |
34 |
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Pending |
72 |
$606,182 |
$607,022 |
$0 |
13 |
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Sold |
49 |
$697,945 |
$694,432 |
$702,616 |
25 |
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Sold 2021 |
62 |
$546,656 |
$541,833 |
$561,660 |
14 |
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Looking at the last 6 months of housing market data. Comparing the last 6 months this year to the same time last year. Carmichael's housing prices are up 12%.
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During this time homes are selling for about $10k above the list price. Remember this is the average. So some homes are selling for $40k above while others are selling at list price or below.
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Carmichael |
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Home Sales last 6 months |
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# of Sales |
Median List Price |
Median Sales Price |
DOM |
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Jan-21 |
417 |
$450,000 |
$459,000 |
7 |
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Jan-22 |
440 |
$515,000 |
$526,000 |
8 |
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Feb-21 |
393 |
$450,000 |
$464,000 |
7 |
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Feb-22 |
409 |
$515,000 |
$525,000 |
8 |
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Mar-21 |
385 |
$459,000 |
$469,000 |
7 |
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Mar-22 |
371 |
$515,000 |
$525,000 |
8 |