Citrus Heights Housing Market Data for October 2021
Average Housing Market Data
I don’t like using the average housing market data. A few transactions can mislead the housing market data. A couple of examples; 1) Would be if a couple of homes are on the market for 100 days or more. This would affect the DOM. 2) If a couple of homes sell for one and a half million dollars or more. This affects the sales price.
When looking at this data you can see that the original price and higher than the list price (in red below). This means sellers have had to drop their sales price to get their home sold. Original price is the price when the home is first put on the market. List price is the price when the home goes pending.
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August-21 |
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# 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 |
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# 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 |
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# 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 |
Median Housing Market Data
When looking at the median housing market data. You can see the home prices are not going up when looking month to month (in red below). 24% sold for less than the list price in October. Only 3 homes sold for more than 10% of the list price. A good Realtor will let you know these numbers so you can make a good decision on your offer if you are a home buyer.
Of the homes that sold the last couple of months, multiple offers have been around 64%.
The number of active listings has fallen from 88 in September to 63 in October. These numbers are normal this time of year. This time of year, it’s also normal for the housing market prices to drop some. There are fewer buyers this time of year for a few reasons. One is the children are already in school and most people don’t want them to change schools mid-year. The other reason is the holidays coming up. No one wants to move during the holidays. Any home going pending today will close in the middle of the holiday season.
When comparing the sales price in October this year to October last year. Home prices are up 19%.
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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 |
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# 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 |
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October-21 |
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# 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 |
Comparing the last 6 months of sale this year to the same time last year. Citrus Heights home prices are up 22%.
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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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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 |
Antelope Housing Market Data
Average Housing Market Data
I don’t like using the average housing market data. A few transactions can mislead the housing market data. A couple of examples; 1) Would be if a couple of homes are on the market for 100 days or more. This would affect the DOM. 2) If a couple of homes sell for one and a half million dollars or more. This affects the sales price. Especially when there are fewer numbers.
When looking at these numbers. Some home sellers are having to drop their prices to get their home sold (in red below). The original price is the price when first put on the market. The list price is the price when the home goes pending.
Using the average housing market data Antelope home prices are up 22%
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August-21 |
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# 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 |
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# 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 |
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# 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 |
Median Housing Market Data
When comparing the month-to-month home sales. Antelope homes prices continue to rise about 1.5%. When comparing October home sales this year to October last year. Home prices are up 22%.
The homes, that sold on October, 12 sold for below list price. Only 1 sold for 10% above list price.
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August-21 |
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# 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 |
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September-21 |
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# 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 |
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October-21 |
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# 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 |
When comparing the last 6 months of home sales this year to the same time last year. That would be from May 1st to October 31st. Home prices are up 23%.
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Home Sales last 6 months |
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# of Sales |
Median Price |
DOM |
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Aug 20 |
319 |
$384,900 |
$387,200 |
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Aug 21 |
384 |
$449,000 |
$467,000 |
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Sep 20 |
347 |
$387,000 |
$390,000 |
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Sep 21 |
379 |
$449,999 |
$475,000 |
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Oct 20 |
366 |
$389,000 |
$395,000 |
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Oct 21 |
397 |
$450,000 |
$485,000 |
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.