Elk Grove Zip Code 95758 Housing Market Data from March 2022
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Median Home Sales Data
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This area of Sacramento is on Fire 🔥. The zip code 95758 housing prices are up 26% comparing March this year to March last year. It is up 2% from January to March in green below.
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The multiple offers are still very high in this area. Of the homes that are currently pending 75% have more than one offer.
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Of the homes that sold in March, 82% of them had more than one offer. Last year in March 84% had more than one offer. Low inventory (active listings) is driving the housing market up.
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In March most years is when the housing market starts to take off. Inventory increases and the home buyers come out again.
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In red below, the active listings are increasing which is normal this time of year.
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Highlighted in yellow below, the active listings in February is really high. Looking at the active listings in March the DOM went up. This could be from an overpriced home on the market. Way overpriced home.
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With interest rates rising. The housing market will start to slow down.
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If you are thinking about selling, right now is the time. If you want top dollar! Yes, listing your home SUCKS! Here is a helpful list of do’s and don’t when selling a home.
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If you are thinking about moving to a bigger or smaller home but you are worried about having to move twice. I have a system put in place, so you only have to move once.
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For more housing information visit my blog at https://www.allcahomes.com/blog/
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January-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
24 |
$612,500 |
$0 |
7 |
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Pending |
56 |
$575,000 |
$0 |
6 |
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Sold |
40 |
$576,500 |
$607,500 |
6 |
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Sold 2021 |
45 |
$460,000 |
$475,000 |
7 |
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February-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
18 |
$717,450 |
$0 |
8 |
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Pending |
54 |
$593,944 |
$0 |
7 |
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Sold |
45 |
$588,000 |
$618,000 |
6 |
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Sold 2021 |
53 |
$450,000 |
$477,000 |
6 |
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March-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
29 |
$622,000 |
$0 |
9 |
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Pending |
51 |
$592,900 |
$0 |
6 |
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Sold |
51 |
$584,900 |
$620,000 |
7 |
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Sold 2021 |
51 |
$450,000 |
$492,000 |
6 |
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Average Housing Market Data
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March housing market data is interesting. In the active listings or inventory, the list price is higher than the original price. This indicates that there were more price increases than price drops. Highlighted in yellow below.
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Looking at the sold housing market data for March. In green below, the list price is higher than the original price again. This indicates that there are not many price drops. It is normal for a Realtor to increase the list price if they have an offer.
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In this kind of housing market condition, a home buyer must be very careful. Your offer must be smart or it could take you years to get the equity back.
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Have an agent that can tell you honestly what the home is worth including the repairs if any. So, you know where you stand before making an offer.
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Don’t get caught up in the bidding war.
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Many home buyers will make at least one of these mistakes when buying a home. Don’t let that be you!!!
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February-22 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
18 |
$767,988 |
$770,026 |
$0 |
21 |
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Pending |
54 |
$597,123 |
$594,932 |
$0 |
14 |
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Sold |
45 |
$596,395 |
$592,739 |
$622,653 |
12 |
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Sold 2021 |
53 |
$452,850 |
$453,838 |
$478,281 |
13 |
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March-22 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
29 |
$654,544 |
$655,441 |
$0 |
14 |
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Pending |
51 |
$597,316 |
$595,961 |
$0 |
10 |
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Sold |
51 |
$590,851 |
$590,971 |
$617,935 |
12 |
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Sold 2021 |
51 |
$487,540 |
$488,907 |
$517,641 |
9 |
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Looking back at the last 6 months of housing market data. And comparing it to the same time last year. Elk Grove’s housing prices in the zip code of 95758 have increased 27%.
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Homes are selling on average about $21k over list price. This means the average so not all homes are selling for that much over the list price. Some are selling for $50k over the list price. While others are selling for the list price.
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Elk Grove |
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Home Sales last 6 months |
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# of Sales |
Median List Price |
Median Sales Price |
DOM |
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Jan-21 |
446 |
$439,000 |
$448,750 |
6 |
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Jan-22 |
404 |
$548,500 |
$570,000 |
7 |
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Feb-21 |
420 |
$445,000 |
$460,000 |
6 |
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Feb-22 |
368 |
$559,450 |
$580,000 |
7 |
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Mar-21 |
389 |
$445,000 |
$465,000 |
6 |
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Mar-22 |
343 |
$569,000 |
$590,000 |
7 |