Citrus Heights Housing Market Data from December
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Median Housing Market Data
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Lots going on here. First in red are the active listings. You can see that each month there are fewer active listings. This is normal for this time of year. I don’t recommend selling your home during these months unless you have to. Unless the housing market such as last year dictated to do so.
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In blue in the sold column. You can see that these numbers drop each month as well for the most part. In pink looking across that same column. It looks like the housing prices have leveled off. Housing prices are not increasing currently.
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Looking at last year's numbers in December (yellow line). The number of homes that sold stayed mostly the same. Also, if you look at the selling price. Housing prices continue to rise. Last year would have been a good time to sell your home during the holiday season.
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In light blue under DOM (days on market). Each month the DOM goes up. This is normal. Most homes that are listed will sit longer on the market.
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Now let's look at the numbers that drive home prices up. Of the homes that are pending each month. They are all around 55% with more than one offer.
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Of the homes that sold each month. September had 63% with more than one offer. October had 64% than 51% and 66%. Notice the drop in multiple offers in November and the Selling price that month. It’s lower than the other months.
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Now let's look at the numbers last year. Starting with September, 74%, 71%, 64% and 75%. This is what was driving the housing prices up. Notice again in November. It had fewer multiple offers and again the selling price dropped.
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Citrus Heights home prices increased 13%. This is comparing December home sales to December of last year. Going back and comparing this same data in prior months. September was up 24%, October was up 49% and November was 17%. Notice the housing price increase is getting smaller each month.
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Of the 88 homes that sold in December of this year. 12 sold for below list price. Of those 12 homes sold they were on the market for an average of 48 days.
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Of the 88 homes, 61 sold for over asking. They were only on the market for about 11 days. The rest sold at list price.
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Looking back at last year's numbers. Of the 104 homes that sold last December. 22 sold below list price. 64 sold for over list price. The rest sold at list price.
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September-21 |
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# Listings |
List Price |
Sale Price |
DOM |
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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 |
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October-21 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
63 |
$474,100 |
$0 |
17 |
|
Pending |
139 |
$439,997 |
$0 |
11 |
|
Sold |
120 |
$449,745 |
$460,000 |
8 |
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Sold 2020 |
103 |
$375,000 |
$387,406 |
6 |
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November-21 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
61 |
$475,000 |
$0 |
34 |
|
Pending |
122 |
$452,450 |
$0 |
8 |
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Sold |
94 |
$439,450 |
$445,000 |
9 |
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Sold 2020 |
112 |
$374,948 |
$381,500 |
7 |
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December-21 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
37 |
$489,000 |
$0 |
43 |
|
Pending |
105 |
$464,900 |
$0 |
10 |
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Sold |
88 |
$447,450 |
$459,000 |
7 |
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Sold 2020 |
104 |
$398,250 |
$407,000 |
7 |
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Using the average housing market data. It’s good to compare the original price to the list price. The original price is the home price when it first comes on the market. The list price is the price when the home goes pending.
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In red the list price is lower because some home sellers have had to drop their price. The bigger the gap the more this is happening. Interesting the December, the gap is not as large. This could be from not as many homes on the market.
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Looking at last year in blue. The numbers are very close each month until December when this gap increases. This indicates a housing market that is on FIRE 🔥.
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Don’t be too quick to drop your home price this time of year. It could cost you 💰. Remember the housing market moves a little slower this time of year. If you priced your home on the high side, then yes maybe a good time to drop the price some.
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September-21 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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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 |
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Sold 2020 |
114 |
$366,411 |
$366,017 |
$371,584 |
13 |
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October-21 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
63 |
$478,158 |
$578,873 |
$0 |
31 |
|
Pending |
139 |
$451,621 |
$447,498 |
$0 |
19 |
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Sold |
120 |
$451,207 |
$446,424 |
$456,990 |
17 |
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Sold 2020 |
103 |
$383,332 |
$382,627 |
$389,817 |
16 |
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November-21 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
61 |
$496,478 |
$494,549 |
$0 |
45 |
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Pending |
122 |
$453,082 |
$450,829 |
$0 |
19 |
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Sold |
94 |
$446,837 |
$441,644 |
$449,736 |
16 |
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Sold 2020 |
112 |
$375,271 |
$373,067 |
$379,114 |
13 |
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December-21 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
37 |
$493,318 |
$487,437 |
$0 |
60 |
|
Pending |
105 |
$461,036 |
$458,235 |
$0 |
19 |
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Sold |
88 |
$451,535 |
$448,074 |
$460,862 |
19 |
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Sold 2020 |
104 |
$396,029 |
$393,918 |
$399,300 |
13 |
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When comparing the last 6 months of housing market data this year to the same time last year. Remember when comparing this data, the information moves much slower. In red is this year's sales prices. They have gone up about $10k over the last 4 months.
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Looking at last year the housing prices increased about $15k during this same time.
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Citrus Heights home prices are up 20%. Again, this is comparing the last 6 months this year to the same time last year.
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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 |
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Sep 20 |
615 |
$359,900 |
$365,000 |
7 |
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Sep 21 |
686 |
$425,000 |
$446,250 |
6 |
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Oct 20 |
631 |
$365,000 |
$370,000 |
7 |
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Oct 21 |
701 |
$430,000 |
$450,000 |
7 |
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Nov 20 |
667 |
$365,900 |
$375,000 |
7 |
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Nov 21 |
668 |
$438,500 |
$450,500 |
7 |
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Dec 20 |
666 |
$374,250 |
$379,000 |
7 |
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Dec 21 |
644 |
$440,000 |
$455,000 |
7 |
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Antelope Housing Market Data
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Median Housing Market Data
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In blue below shows the current active listings in Antelope. Only 8 in December which is really low.
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In red in December is the house's selling price. Notice the drop from the previous months.
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Let’s look at the percentage of homes that received multiple offers on the home. Looking at the homes that were pending at the time of the data. In September 55% had more than on offer. In October 62%, then 55%, and in December 57%.
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Looking at the homes that sold each month. 82% of the homes that sold in September had more than one offer. In October 53%, 64%, and December had 62%.
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Last year the home that sold in these same months. September of last year had 77% with more than one offer. October had 75%, 71%, and 75%..
From September to December home prices are down in Antelope. They are down 2%. If you compare December home sales this year to December last year. Home prices are up 12%.
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September-21 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
25 |
$541,000 |
$0 |
8 |
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Pending |
90 |
$483,000 |
$0 |
7 |
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Sold |
49 |
$449,999 |
$485,000 |
7 |
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Sold 2020 |
68 |
$389,900 |
$396,885 |
5 |
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October-21 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
39 |
$507,000 |
$0 |
16 |
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Pending |
61 |
$499,000 |
$0 |
7 |
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Sold |
85 |
$475,000 |
$492,500 |
7 |
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Sold 2020 |
55 |
$389,900 |
$405,000 |
5 |
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November-21 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
18 |
$501,500 |
$0 |
25 |
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Pending |
70 |
$470,000 |
$0 |
9 |
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Sold |
45 |
$499,000 |
$505,000 |
8 |
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Sold 2020 |
56 |
$396,900 |
$405,000 |
6 |
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December-21 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
8 |
$500,500 |
$0 |
7 |
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Pending |
49 |
$499,900 |
$0 |
9 |
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Sold |
55 |
$459,000 |
$475,000 |
9 |
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Sold 2020 |
65 |
$419,900 |
$425,000 |
7 |
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Average Housing Market Data
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Looking at the original price and list price. In red are the numbers of the homes that sold that month. The gap increases as you head to December. This is normal this time of year.
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Looking back at these same numbers but last year. In blue, the list price is higher than the original price. That’s unusual.
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September-21 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
25 |
$593,064 |
$585,344 |
$0 |
17 |
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Pending |
90 |
$476,083 |
$472,552 |
$0 |
12 |
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Sold |
49 |
$463,864 |
$463,558 |
$481,918 |
9 |
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Sold 2020 |
68 |
$392,071 |
$390,676 |
$397,763 |
14 |
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October-21 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
39 |
$505,444 |
$497,050 |
$0 |
22 |
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Pending |
61 |
$500,073 |
$496,531 |
$0 |
13 |
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Sold |
85 |
$473,533 |
$471,189 |
$481,017 |
10 |
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Sold 2020 |
55 |
$383,721 |
$384,739 |
$395,097 |
8 |
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November-21 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
18 |
$537,811 |
$530,644 |
$0 |
37 |
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Pending |
70 |
$471,729 |
$467,296 |
$0 |
15 |
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Sold |
45 |
$491,304 |
$488,835 |
$499,457 |
13 |
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Sold 2020 |
56 |
$388,336 |
$387,291 |
$398,836 |
10 |
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December-21 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
8 |
$512,363 |
$510,613 |
$0 |
28 |
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Pending |
49 |
$499,642 |
$497,407 |
$0 |
18 |
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Sold |
55 |
$466,234 |
$462,047 |
$468,847 |
14 |
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Sold 2020 |
65 |
$409,505 |
$408,662 |
$415,906 |
11 |
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Comparing the last 6 months of home sales this year to the same time last year. In red the numbers are close to the same.
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Looking at last year in gray. The number of homes that sold each month trended upward.
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In bright pink, the property selling price has stabilized for now. Not sure where the housing market will head once March or April rolls around.
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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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Sep 20 |
347 |
$387,000 |
$390,000 |
7 |
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Sep 21 |
379 |
$449,999 |
$475,000 |
6 |
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Oct 20 |
366 |
$389,000 |
$395,000 |
6 |
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Oct 21 |
397 |
$450,000 |
$485,000 |
6 |
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Nov 20 |
380 |
$389,900 |
$398,000 |
6 |
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Nov 21 |
380 |
$459,000 |
$485,000 |
7 |
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Dec 20 |
384 |
$395,000 |
$401,500 |
6 |
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Dec 21 |
385 |
$460,000 |
$487,000 |
7 |
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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.