Citrus Heights Housing Market Data from November
Median Housing Market Data
The numbers that stand out when looking at the median housing market data. In red below under sales price. The selling price is beginning to flatten out. Not only is the selling price starting to flatten out. The list price and the selling price are starting to get closer (this is in green and red below). This is indicating that the housing market is starting to slow or flatten in most cases. These numbers are normal for this time of year. So, we will see moving forward.
Housing prices in Citrus Heights are up 17%. This is comparing November this year to November last year. The housing market is down almost 3% from last month. This time of year, it’s normal for prices to drop some. It's also normal for DOM to increase and active listings to decrease.
Of the homes that sold in Citrus Heights in November, 51% had more than one offer. 64% had multiple offers in October. That is a large drop in one month. In November last year, 64% had more than one offer. This data could mean the housing market is softening some.
** This time of year, your home will be on the market longer and sell for less in most housing markets situations. Putting a plan together with a good Realtor can put money in your pocket.
** Frist time home buyers, this is a great time to buy a home! Fewer home buyers to compete with and less serious homebuyers looking.
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August-21 |
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|
|
# Listings |
List Price |
Sale Price |
DOM |
|
Active |
89 |
$459,000 |
$0 |
16 |
|
Pending |
131 |
$459,900 |
$0 |
10 |
|
Sold |
112 |
$439,450 |
$451,000 |
7 |
|
Sold 2020 |
116 |
$364,700 |
$370,000 |
5 |
|
September-21 |
||||
|
|
# Listings |
List Price |
Sale Price |
DOM |
|
Active |
88 |
$482,400 |
$0 |
15 |
|
Pending |
158 |
$459,900 |
$0 |
11 |
|
Sold |
109 |
$449,000 |
$460,000 |
8 |
|
Sold 2020 |
114 |
$365,000 |
$370,000 |
5 |
|
October-21 |
||||
|
|
# Listings |
List Price |
Sale Price |
DOM |
|
Active |
63 |
$474,100 |
$0 |
17 |
|
Pending |
139 |
$439,997 |
$0 |
11 |
|
Sold |
120 |
$449,745 |
$460,000 |
8 |
|
Sold 2020 |
103 |
$375,000 |
$387,406 |
6 |
|
November-21 |
||||
|
|
# Listings |
List Price |
Sale Price |
DOM |
|
Active |
61 |
$475,000 |
$0 |
34 |
|
Pending |
122 |
$452,450 |
$0 |
8 |
|
Sold |
94 |
$439,450 |
$445,000 |
9 |
|
Sold 2020 |
112 |
$374,948 |
$381,500 |
7 |
Looking at the average housing market data. Look at the original price compared to the list price. This is the original list price compared to the price when the home goes pending.
In red below, in August they are almost the same. Now looking down at November you can see this margin has larger. This means that more home sellers are having to drop their prices to get their home sold.
Looking back at last year in green. Last year the numbers are much closer all 4 months. The housing market started to take off in July last year. Again, it is normal this time of year for homes to take longer to sell at a lower price.
Using the average housing market data for Citrus Heights. Home prices are up 17%. This is comparing this November's homes sales to last November's home sales.
|
August-21 |
|||||
|
|
# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
|
Active |
89 |
$476,721 |
$472,540 |
$0 |
25 |
|
Pending |
131 |
$465,420 |
$460,184 |
$0 |
19 |
|
Sold |
112 |
$440,913 |
$440,296 |
$454,639 |
12 |
|
Sold 2020 |
116 |
$361,440 |
$360,326 |
$365,015 |
16 |
|
September-21 |
|||||
|
|
# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
|
Active |
88 |
$499,238 |
$496,480 |
$0 |
25 |
|
Pending |
158 |
$454,435 |
$449,972 |
$0 |
19 |
|
Sold |
109 |
$443,995 |
$439,591 |
$453,652 |
17 |
|
Sold 2020 |
114 |
$366,411 |
$366,017 |
$371,584 |
13 |
|
October-21 |
|||||
|
|
# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
|
Active |
63 |
$478,158 |
$578,873 |
$0 |
31 |
|
Pending |
139 |
$451,621 |
$447,498 |
$0 |
19 |
|
Sold |
120 |
$451,207 |
$446,424 |
$456,990 |
17 |
|
Sold 2020 |
103 |
$383,332 |
$382,627 |
$389,817 |
16 |
|
November-21 |
|||||
|
|
# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
|
Active |
61 |
$496,478 |
$494,549 |
$0 |
45 |
|
Pending |
122 |
$453,082 |
$450,829 |
$0 |
19 |
|
Sold |
94 |
$446,837 |
$441,644 |
$449,736 |
16 |
|
Sold 2020 |
112 |
$375,271 |
$373,067 |
$379,114 |
13 |
Looking at the last 6 months of home sales this year compared to the same time last year. In red, you can see the home price continues to increase. Until November where home prices only increased a small amount.
In green is last year’s home selling price. You can see that they slightly increased at the beginning of each month. Then prices started to increase more in the last few months.
These numbers move much slower than the month-to-month data.
When comparing the last 6 months on home sales this year to the same time last year. Home prices are up 20%. Over the last 2 months, home prices are only up about 1%.
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Citrus Heights |
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|
Home Sales last 6 months |
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|
|
# of Sales |
Median List Price |
Median Sale Price |
DOM |
|
July 20 |
526 |
$355,000 |
$360,000 |
8 |
|
July 21 |
612 |
$419,000 |
$435,000 |
6 |
|
Aug 20 |
576 |
$359,000 |
$362,250 |
7 |
|
Aug 21 |
668 |
$425,000 |
$440,000 |
5 |
|
Sep 20 |
615 |
$359,900 |
$365,000 |
7 |
|
Sep 21 |
686 |
$425,000 |
$446,250 |
6 |
|
Oct 20 |
631 |
$365,000 |
$370,000 |
7 |
|
Oct 21 |
701 |
$430,000 |
$450,000 |
7 |
|
Nov 20 |
667 |
$365,900 |
$375,000 |
7 |
|
Nov 21 |
668 |
$438,500 |
$450,500 |
7 |
Antelope Housing Market Data
Median Housing Market Data
Looking at the median housing market data. In red below you can see month over month of home price increases. Each month the selling price seems to get even larger in Antelope. Normally this time of year you see home prices drop some. You also see homes on the market longer with fewer homes that are active.
Looking at November. Home sellers putting their homes on the market increased their price by a large margin. In October the list price was $475,000 and in November it’s $499,000. This could explain the narrowing gap between list price and selling price. This means fewer homes are selling above the list price. It’s normal this time of year for this gap to get closer.
64% of the homes that sold in November had more than one offer. In November last year, 71% had more than one offer.
Home prices in Antelope are up 25% when comparing November home sales this year to November last year.
Home prices are up almost 3% from last month.
|
August-21 |
||||
|
|
# Listings |
List Price |
Sale Price |
DOM |
|
Active |
33 |
$524,000 |
$0 |
11 |
|
Pending |
71 |
$450,000 |
$0 |
7 |
|
Sold |
58 |
$454,500 |
$480,000 |
7 |
|
Sold 2020 |
73 |
$392,777 |
$396,000 |
7 |
|
September-21 |
||||
|
|
# Listings |
List Price |
Sale Price |
DOM |
|
Active |
25 |
$541,000 |
$0 |
8 |
|
Pending |
90 |
$483,000 |
$0 |
7 |
|
Sold |
49 |
$449,999 |
$485,000 |
7 |
|
Sold 2020 |
68 |
$389,900 |
$396,885 |
5 |
|
October-21 |
||||
|
|
# Listings |
List Price |
Sale Price |
DOM |
|
Active |
39 |
$507,000 |
$0 |
16 |
|
Pending |
61 |
$499,000 |
$0 |
7 |
|
Sold |
85 |
$475,000 |
$492,500 |
7 |
|
Sold 2020 |
55 |
$389,900 |
$405,000 |
5 |
|
November-21 |
||||
|
|
# Listings |
List Price |
Sale Price |
DOM |
|
Active |
18 |
$501,500 |
$0 |
25 |
|
Pending |
70 |
$470,000 |
$0 |
9 |
|
Sold |
45 |
$499,000 |
$505,000 |
8 |
|
Sold 2020 |
56 |
$396,900 |
$405,000 |
6 |
Average Housing Market Data
The average housing market data is good at showing the original price and the list price. These numbers represent how close the home price is when it goes pending. In red below September is almost the same. This means that fewer home sellers had to drop their prices. The gap in November got larger. You can also see that home sellers increased their listing price compared to October. As stated above.
|
August-21 |
|||||
|
|
# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
|
Active |
33 |
$526,261 |
$517,536 |
$0 |
17 |
|
Pending |
71 |
$467,822 |
$467,780 |
$0 |
11 |
|
Sold |
58 |
$459,062 |
$457,131 |
$473,780 |
10 |
|
Sold 2020 |
73 |
$393,573 |
$392,703 |
$396,370 |
19 |
|
September-21 |
|||||
|
|
# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
|
Active |
25 |
$593,064 |
$585,344 |
$0 |
17 |
|
Pending |
90 |
$476,083 |
$472,552 |
$0 |
12 |
|
Sold |
49 |
$463,864 |
$463,558 |
$481,918 |
9 |
|
Sold 2020 |
68 |
$392,071 |
$390,676 |
$397,763 |
14 |
|
October-21 |
|||||
|
|
# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
|
Active |
39 |
$505,444 |
$497,050 |
$0 |
22 |
|
Pending |
61 |
$500,073 |
$496,531 |
$0 |
13 |
|
Sold |
85 |
$473,533 |
$471,189 |
$481,017 |
10 |
|
Sold 2020 |
55 |
$383,721 |
$384,739 |
$395,097 |
8 |
|
November-21 |
|||||
|
|
# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
|
Active |
18 |
$537,811 |
$530,644 |
$0 |
37 |
|
Pending |
70 |
$471,729 |
$467,296 |
$0 |
15 |
|
Sold |
45 |
$491,304 |
$488,835 |
$499,457 |
13 |
|
Sold 2020 |
56 |
$388,336 |
$387,291 |
$398,836 |
10 |
The data below compares the last 6 months of data this year to the same time last year. In red below, the home prices increased each month until November. It is normal this time of year for home selling prices to drop some. It’s also normal for DOM to go up as well.
Looking at the data from last year in green. You can see that the home prices increase each month.
Home prices are up 22% in Antelope. This is comparing the last 6 months this year to the same time last year. Over the last 2 months, home prices are up about 2% in Antelope.
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Home Sales last 6 months |
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|
|
# of Sales |
Median List Price |
Median Sales Price |
DOM |
|
July 20 |
287 |
$375,000 |
$380,000 |
8 |
|
July 21 |
352 |
$441,950 |
$460,000 |
6 |
|
Aug 20 |
319 |
$384,900 |
$387,200 |
7 |
|
Aug 21 |
384 |
$449,000 |
$467,000 |
6 |
|
Sep 20 |
347 |
$387,000 |
$390,000 |
7 |
|
Sep 21 |
379 |
$449,999 |
$475,000 |
6 |
|
Oct 20 |
366 |
$389,000 |
$395,000 |
6 |
|
Oct 21 |
397 |
$450,000 |
$485,000 |
6 |
|
Nov 20 |
380 |
$389,900 |
$398,000 |
6 |
|
Nov 21 |
380 |
$459,000 |
$485,000 |
7 |
Your home is an investment in your quality of life. My team takes that seriously. That's why, when we first meet, we focus on the vision you have for your family. I have a system put in place to get you the best price possible on a home without over-biding. I want to put you in the best possible position to get a home at the best price. Please feel free to give me a call, text, or email me to find out how my system works.
We can put a plan together to save you as much money as possible in these circumstances. It is possible that waiting to buy or sell a home may help you have more fruit later. Your family home is one of your largest investments. It's my job to ensure that it yields the highest ROI. That means making smart decisions that will yield fruit in the future. Planning is the best way to make this happen.