Elk Grove Housing Market Data for zip code 95758 December 2021

Elk Grove Zip Code 95758 Housing Market Data for December 2021

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Median Home Sales Data

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Looking at the median housing 🏡 market data. Looking at the sales price in December in red 🟥. Notice how much above the sales price as compared to the list price in September. Looking down at the other months’ notice how the gap shrinks.

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Notice the active listings in blue 🟦. Look at how the drop from September to December. This is normal during this time of year.

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Looking at the multiple offers in the zip code. Of the homes pending during each month. September had 60%, 56%, 66% and 69%.
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Looking at the sold homes and how many had multiple offers. September had 62%, 68%, 62% and 66%. These numbers are high compared to other parts of Sacramento.
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Looking back at December's multiple offers of last year. 73%, 78%, 83% and 84%. Last year the housing market was a little hotter 🔥.

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Of the 50 homes that sold in December.  8 sold for under-list price.  8 sold for list price.  34 sold for over list price.  There is a way as an agent you can tell or have an idea where a home may sell.  You should never pay more unless you have to. 

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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
December-21
	Active Listings	List Price	Sale Price	DOM
Active	13	$599,000	$0	11
Pending	42	$575,000	$0	6
Sold	50	$572,000	$580,000	7
Sold 2020	80	$454,894	$460,000	6

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Average Housing Market Data

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Comparing the original price to the list price. In Red 🔴 the number stays pretty close to each other. This indicates not many home 🏡 sellers have had to drop their prices.

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Going the active listings in Blue 🔵. This gap is a little bigger than the sold homes. Which is normal. This area however is much closer than other areas of Sacramento.
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Highlighted in green 🟢. The DOM and number of listings. With only 13 active listings the DOM can be off.

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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
December-21
	# Listings	Orig Price	List Price	Sale Price	DOM
Active	13	$612,615	$612,054	$0	35
Pending	42	$595,247	$590,254	$0	12
Sold	50	$583,360	$583,241	$597,131	13
Sold 2020	80	$464,730	$465,746	$479,057	9

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Comparing the last 6 months of home sales this year to the same time last year.  That would be from July 1^st to December 31^st.  In red 🔺 notice the difference between the list price and the sales price. 

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Now, look at last year’s numbers in blue 🔷.  Notice the numbers are much closer.  This indicates that the housing market this year is much hotter 🔥.

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Home Sales last 6 months
	Number of Sales	Median List Price	Median Sales Price	DOM
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
Dec 20	505	$432,000	$442,000	6
Dec 21	443	$534,200	$560,000	7

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