Elk Grove Zip Code 95758 Housing Market Data for November 2023 Home Sales
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Median Home Sales Data
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Home prices in Elk Grove within the zip code of 95758 have dropped 3% from last year. These numbers do not indicate a normal housing market. I believe the low inventory is causing this. Let’s look at the numbers and see what they are saying.
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The heartbeat of the housing market is the active listings and the DOM. The active listings or inventory normally goes down this time of year. It is highlighted in green below. However, it has been flat. I believe this is being caused by the low inventory. It can’t go down much more. The DOM typically goes up. This is highlighted in blue below. It’s staying flat as well. I believe for the same reason. But notice the homes that sold. Their DOM is much lower. This is important. It’s somewhat different in other areas around Sacramento.
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The crazy thing is the multiple offers are way up in this area. Of the homes that sold in November, 87% had more than one offer. This usually means an increase in housing prices. But they dropped. The one normal statistic is that the pending homes dropped to 47%. It’s very unusual to have that many multiple offers, and yet the housing prices drop. This is in red below.
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The one key thing that comes out of this data is that you must price your home correctly. The homes that sold sold in much less time. I will include the chart below that shows this.
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If you are thinking about selling, please read my book. It has great information. And help you sell your home for more money.
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If you are considering buying a home or looking to buy a home. Please read my book to help save you money and second-guessing.
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For more housing information, visit my blog at https://www.allcahomes.com/
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September-23 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
27 |
$620,000 |
$0 |
27 |
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Pending |
25 |
$569,999 |
$0 |
12 |
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Sold |
35 |
$559,000 |
$550,000 |
9 |
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Sold 2022 |
35 |
$564,000 |
$550,000 |
20 |
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October-23 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
30 |
$599,000 |
$0 |
22 |
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Pending |
21 |
$565,000 |
$0 |
8 |
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Sold |
21 |
$589,000 |
$580,000 |
20 |
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Sold 2022 |
21 |
$569,000 |
$541,000 |
33 |
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November-23 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
26 |
$609,000 |
$0 |
28 |
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Pending |
19 |
$552,000 |
$0 |
11 |
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Sold |
21 |
$569,000 |
$560,000 |
11 |
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Sold 2022 |
28 |
$587,444 |
$580,000 |
18 |
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I want to put you in the best possible position to get a home at the best price. I have a method to bring you the best price possible on a home without over-biding. Please feel free to give me a call, text, or email to find out how my system works.
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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 most significant investments. It’s my job to ensure that it yields the highest ROI. That means making smart decisions that will produce fruit in the future. Planning is the best way to make this happen.
- Rob
Search all homes on MLS at - www.allcahomes.com
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Rob Bittle
Realty One Group Complete 
(916) 580-8686
Rob@RobBittle.
AllCAHomes.com
Certified Real Estate Pricing Specialist 
CalBRE; #01410676
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