Citrus Heights Housing Market Data for October 2022
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Median Housing Market Data 🏡
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Citrus Heights home prices have dropped 4%. This is comparing September home sales this year to September last year. Home prices seem to be dropping each month. That could be caused by home buyers purchasing smaller, less expensive homes.
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The DOM shows homes stay on the market longer (highlighted in blue). The increase in DOM is normal this time of year. The DOM increased last year in the hot housing market (highlighted in yellow).
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As the children return to school and the closer the holidays get the DOM increases. Because of a declining housing market, these numbers are even higher.
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Another indicator of what the housing market is doing is the list price compared to the sales price. In July, the sales price was higher than the list price. This means that homes were selling for above asking. In August and September, the sales price is less than the list price. This means that homes are selling for less than the asking.
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Fewer home sales are happening now (in red). This indicates fewer home buyers.
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In the hot housing market, you could list your home, and it would sell. Now, you will need a strong 💪 marketing plan to sell your home for the most money. You needed the MLS, which is where everyone searches for homes.
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The one driving force that drove home prices up was the multiple offers. Last year about 67% of the homes that sold had more than one offer. Today that number is about 48%. Those are down in Citrus Heights.
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It would also be best to pay attention to the little details to help sell your home faster and for more money. The do's and don'ts are more important today, especially if you want your home 🏡 sold quickly and for the most money.
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If you are considering selling, I have made an import do and don't list for you. This is very helpful when selling a home and can make a difference.
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For more housing information, visit my blog at https://www.allcahomes.com/blog/
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July-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
112 |
$499,000 |
$0 |
25 |
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Pending |
83 |
$489,000 |
$0 |
19 |
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Sold |
46 |
$479,400 |
$482,500 |
10 |
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Sold 2021 |
91 |
$449,000 |
$462,500 |
7 |
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August-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
117 |
$499,000 |
$0 |
26 |
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Pending |
78 |
$494,000 |
$0 |
19 |
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Sold |
77 |
$479,000 |
$470,000 |
14 |
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Sold 2021 |
95 |
$450,000 |
$462,000 |
7 |
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September-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
113 |
$503,000 |
$0 |
34 |
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Pending |
74 |
$477,500 |
$0 |
22 |
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Sold |
65 |
$462,000 |
$460,000 |
11 |
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Sold 2021 |
94 |
$464,950 |
$477,500 |
8 |