Elk Grove Zip Code 95758 Housing Market Data for November 2021
Median Home Sales Data
Homes in this zip code are selling for well over the list price. This does not mean all homes are selling for over-list price.
In August the difference is $25,000. In September it’s about $30,000. October it’s about $22,000. And in November it’s $20,000. This is happening because of the multiple offers.
Of the homes that sold in August, 68% had more than one offer. 62% in September, 68% in October, and 62% in November.
Right now, is a great time to buy a home if you are looking to buy. Looking at the DOM in green. Homes are staying on the market much longer now. In November it’s up to 41 days.
Looking at the active listings in blue. You can see that this number is dropping. This is all normal.
In most housing markets it’s normal for DOM to go up and active listings to drop. This is because of the holidays.
The zip code of 95758 is up 24%. This is comparing November home sales this year to November last year. Home prices are up from last month about 1.7%.
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August-21 |
||||
|
|
Active Listings |
List Price |
Sale Price |
DOM |
|
Active |
40 |
$567,500 |
$0 |
9 |
|
Pending |
89 |
$549,000 |
$0 |
8 |
|
Sold |
79 |
$525,000 |
$550,000 |
7 |
|
Sold 2020 |
79 |
$415,000 |
$420,000 |
8 |
|
September-21 |
||||
|
|
Active Listings |
List Price |
Sale Price |
DOM |
|
Active |
28 |
$599,000 |
$0 |
9 |
|
Pending |
93 |
$545,000 |
$0 |
8 |
|
Sold |
79 |
$529,900 |
$560,000 |
8 |
|
Sold 2020 |
82 |
$442,000 |
$458,000 |
6 |
|
October-21 |
||||
|
|
Active Listings |
List Price |
Sale Price |
DOM |
|
Active |
33 |
$575,000 |
$0 |
16 |
|
Pending |
86 |
$552,500 |
$0 |
7 |
|
Sold |
77 |
$538,000 |
$560,000 |
8 |
|
Sold 2020 |
80 |
$434,450 |
$450,000 |
5 |
|
November-21 |
||||
|
|
Active Listings |
List Price |
Sale Price |
DOM |
|
Active |
16 |
$629,900 |
$0 |
41 |
|
Pending |
61 |
$550,000 |
$0 |
8 |
|
Sold |
66 |
$560,000 |
$570,000 |
7 |
|
Sold 2020 |
80 |
$440,000 |
$460,250 |
7 |
Average Housing Market Data
Using the average housing market data. Looking at the original price and list price in red. These numbers for the most part are very close. This means that sellers are not having to drop their price to get their home sold.
In October the gap is a little more. This means more sellers dropped their home price to get it sold. This is normal during the holiday season.
Looking at November the price actually went up. This means that some sellers raised their price. This usually happens when the seller receives multiple offers.
Looking at the same number but last year in green. Mostly the same.
|
August-21 |
|||||
|
|
# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
|
Active |
40 |
$608,302 |
$595,162 |
$0 |
16 |
|
Pending |
89 |
$580,192 |
$578,021 |
$0 |
14 |
|
Sold |
79 |
$545,217 |
$545,185 |
$571,163 |
10 |
|
Sold 2020 |
79 |
$425,285 |
$425,128 |
$429,336 |
20 |
|
September-21 |
|||||
|
|
# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
|
Active |
28 |
$667,623 |
$662,838 |
$0 |
15 |
|
Pending |
93 |
$573,609 |
$568,541 |
$0 |
16 |
|
Sold |
79 |
$571,390 |
$570,388 |
$584,207 |
11 |
|
Sold 2020 |
82 |
$458,500 |
$458,151 |
$469,000 |
13 |
|
October-21 |
|||||
|
|
# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
|
Active |
33 |
$618,616 |
$613,474 |
$0 |
23 |
|
Pending |
86 |
$586,537 |
$585,603 |
$0 |
13 |
|
Sold |
77 |
$563,365 |
$559,334 |
$573,978 |
16 |
|
Sold 2020 |
80 |
$451,599 |
$450,458 |
$461,839 |
10 |
|
November-21 |
|||||
|
|
# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
|
Active |
16 |
$673,137 |
$663,481 |
$0 |
42 |
|
Pending |
61 |
$584,730 |
$582,614 |
$0 |
15 |
|
Sold |
66 |
$574,028 |
$578,624 |
$596,271 |
10 |
|
Sold 2020 |
80 |
$467,754 |
$467,277 |
$480,773 |
16 |
Looking at the last 6 months of home sales in the zip code of 95758. Looking at this year in red. The list price is much less than the sales price. This is being caused by multiple offers. August was about $40,000 above the list price. This area is seeing more multiple offers than other areas.
Looking at last year in green. The sales price is about $5,000 more than the sales price. Until November of last year where it jumps to about $10,000. It has continued to rise from there.
With this going back the last 6 months. Any housing market movement will show much slower.
|
Home Sales last 6 months |
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|
|
Number of Sales |
Median List Price |
Median Sales Price |
DOM |
|
Aug 20 |
388 |
$415,000 |
$420,000 |
8 |
|
Aug 21 |
392 |
$499,000 |
$540,000 |
6 |
|
Sep 20 |
423 |
$420,000 |
$425,000 |
8 |
|
Sep 21 |
422 |
$509,950 |
$546,750 |
6 |
|
Oct 20 |
460 |
$425,000 |
$430,000 |
7 |
|
Oct 21 |
457 |
$519,000 |
$550,000 |
7 |
|
Nov 20 |
485 |
$429,900 |
$438,000 |
7 |
|
Nov 21 |
460 |
$529,000 |
$555,000 |
7 |
Elk Grove’s Laguna West Lakeside Neighborhood
Median Housing Market Data
Looking at the last 6 months of home sales in your neighborhood. In red which is this year. Homes are selling for roughly $40,000 over list price. Again, being caused by multiple offers. Or more home buyers than sellers.
Going back and looking at the number from last year in green. Homes sold for about $10,000 over list price.
Looking at the active listings. Last year's home sales are much higher. The price increasing so much can be related to the low inventory.
Home prices have increased at a much high level this year.
|
August Back 6 Months |
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|
|
Active Listings |
List Price |
Sale Price |
DOM |
|
Sold 2020 |
99 |
$489,000 |
$495,000 |
8 |
|
Sold 2021 |
72 |
$559,450 |
$604,000 |
6 |
|
September Back 6 Months |
||||
|
|
Active Listings |
List Price |
Sale Price |
DOM |
|
Sold 2020 |
102 |
$482,450 |
$492,500 |
7 |
|
Sold 2021 |
85 |
$574,000 |
$610,000 |
7 |
|
October Back 6 Months |
||||
|
|
Active Listings |
List Price |
Sale Price |
DOM |
|
Sold 2020 |
102 |
$482,450 |
$492,500 |
7 |
|
Sold 2021 |
85 |
$574,000 |
$610,000 |
7 |
|
November Back 6 Months |
||||
|
|
Active Listings |
List Price |
Sale Price |
DOM |
|
Sold 2020 |
105 |
$489,000 |
$496,000 |
7 |
|
Sold 2021 |
88 |
$579,450 |
$610,000 |
7 |