Fair Oaks Housing Market Data for December 2021

Median Housing Market   Data

In Fair Oaks, it is hard to look at the housing market data. The reason, is there are some million-dollar homes that sell which throw off the housing market numbers.

Looking at the housing data below. In blue each month there are fewer active listings. This is normal as the holidays get closer.

Looking at the last 4 months of home sales (in red). The selling price continues to increase. From September to December the home prices increased 9%.

The list price is lower than the sale price each month. Indicating multiple offers. September had 61% with more than one offer. 60%, 64%, and December had 66% of offers received more than one offer.

Last year 64%, 63%, 61% and 55% from September to December.

When comparing December home sales this year compared to December last year. Fair Oaks home prices are up 13%.

When comparing home sales from September to December this year. Home prices are up 9%. Again, this can be thrown off by higher-priced homes selling.

Below is a list of all 55 homes that sold in December. The list is sorted by the percentage below list price to the highest above list price.

Of the 12 homes that sold below list price. They averaged 30 plus days on the market. Many of them had to do a price drop. Most important notice that many got even less for their home.

It’s so important to price your home correctly. DON’T go By Zillow Estimate!!! That’s why they call it ESTIMATE. Zillow can be off as much as 40%.

Of the 29 homes that sold for the above list price. They were only on the market for just above 10 days. Only 2 had to drop their price.

To the right of the blue line are the amounts the sellers had to drop or increase their price.

Average Housing Market Data

Looking at the numbers below. In red below notice the original price compared to the list price. Notice how the numbers are close.

Now, look at the active listings in blue. Notice the larger gap between the original price and the list price. This is because more home sellers are having to drop their prices.

Also, look at the DOM (days on market). Look how much higher they are in the active listings.

Therefore, it’s so important to list your home correctly when you decide to sell.

When comparing the last 6 months of homes sales this year to the same time last year. In the red notice that home prices are falling. Home prices dropped almost 2% during those 4 months.

Last year notice that home prices increased during the same time.

The number of sales (in blue) this year has dropped compared to last year.

In green are last year's sales. Notice the increase each month.

Elk Grove’s Laguna West Lakeside Neighborhood

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Median Housing Market Data

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When comparing the last 6 months of home sales this year to the same time last year.  In red, the sales price has been the same. 

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Looking at the blue.  Home sellers have increased the listing price each month.

Home 🏡 prices have just not gone up ☝🏻. 

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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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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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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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Citrus Heights Housing Market Data from December

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Median Housing Market Data

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Lots going on here.  First in red are the active listings.  You can see that each month there are fewer active listings.  This is normal for this time of year.  I don’t recommend selling your home during these months unless you have to.  Unless the housing market such as last year dictated to do so.
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In blue in the sold column.  You can see that these numbers drop each month as well for the most part.  In pink looking across that same column.  It looks like the housing prices have leveled off.  Housing prices are not increasing currently.
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Looking at last year's numbers in December (yellow line).  The number of homes that sold stayed mostly the same.  Also, if you look at the selling price.  Housing prices continue to rise.  Last year would have been a good time to sell your home during the holiday season.

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In light blue under DOM (days on market).  Each month the DOM goes up.  This is normal.  Most homes that are listed will sit longer on the market.

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Now let's look at the numbers that drive home prices up.  Of the homes that are pending each month.  They are all around 55% with more than one offer.

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Of the homes that sold each month.  September had 63% with more than one offer.  October had 64% than 51% and 66%.  Notice the drop in multiple offers in November and the Selling price that month.  It’s lower than the other months.

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Now let's look at the numbers last year.  Starting with September, 74%, 71%, 64% and 75%. This is what was driving the housing prices up.  Notice again in November.  It had fewer multiple offers and again the selling price dropped.

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Citrus Heights home prices increased 13%.  This is comparing December home sales to December of last year.  Going back and comparing this same data in prior months.  September was up 24%, October was up 49% and November was 17%.  Notice the housing price increase is getting smaller each month.

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Of the 88 homes that sold in December of this year.  12 sold for below list price.  Of those 12 homes sold they were on the market for an average of 48 days.

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Of the 88 homes, 61 sold for over asking.  They were only on the market for about 11 days.  The rest sold at list price.

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Looking back at last year's numbers.  Of the 104 homes that sold last December.  22 sold below list price.  64 sold for over list price.  The rest sold at list price.

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Average Housing Market Data

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Using the average housing market data.  It’s good to compare the original price to the list price.  The original price is the home price when it first comes on the market.  The list price is the price when the home goes pending. 

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In red the list price is lower because some home sellers have had to drop their price.  The bigger the gap the more this is happening.  Interesting the December, the gap is not as large.  This could be from not as many homes on the market. 

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Looking at last year in blue.  The numbers are very close each month until December when this gap increases.  This indicates a housing market that is on FIRE 🔥.

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Don’t be too quick to drop your home price this time of year.  It could cost you 💰.  Remember the housing market moves a little slower this time of year.  If you priced your home on the high side, then yes maybe a good time to drop the price some.

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When comparing the last 6 months of housing market data this year to the same time last year.  Remember when comparing this data, the information moves much slower.  In red is this year's sales prices.  They have gone up about $10k over the last 4 months.

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Looking at last year the housing prices increased about $15k during this same time.

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Citrus Heights home prices are up 20%.  Again, this is comparing the last 6 months this year to the same time last year.

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Antelope Housing Market Data

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Median Housing Market Data

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In blue below shows the current active listings in Antelope.  Only 8 in December which is really low.

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In red in December is the house's selling price.  Notice the drop from the previous months.

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Let’s look at the percentage of homes that received multiple offers on the home.  Looking at the homes that were pending at the time of the data.  In September 55% had more than on offer.  In October 62%, then 55%, and in December 57%.

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Looking at the homes that sold each month.  82% of the homes that sold in September had more than one offer.  In October 53%, 64%, and December had 62%.

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Last year the home that sold in these same months.  September of last year had 77% with more than one offer.  October had 75%, 71%, and 75%..

From September to December home prices are down in Antelope.  They are down 2%.  If you compare December home sales this year to December last year.  Home prices are up 12%.

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Average Housing Market Data

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Looking at the original price and list price.  In red are the numbers of the homes that sold that month.  The gap increases as you head to December.  This is normal this time of year.

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Looking back at these same numbers but last year.  In blue, the list price is higher than the original price.  That’s unusual.  

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Comparing the last 6 months of home sales this year to the same time last year.  In red the numbers are close to the same.

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Looking at last year in gray.  The number of homes that sold each month trended upward.

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In bright pink, the property selling price has stabilized for now.  Not sure where the housing market will head once March or April rolls around.

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Your home is an investment in your quality of life.  My team takes that seriously.  That's why, when we first meet, we focus on the vision you have for your family.  I have a system put in place to get you the best price possible on a home without over-biding.  I want to put you in the best possible position to get a home at the best price.  Please feel free to give me a call, text, or email me to find out how my system works.

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 largest investments.  It's my job to ensure that it yields the highest ROI.  That means making smart decisions that will yield fruit in the future.  Planning is the best way to make this happen.

Carmichael Housing Market Data from December 2021

Median Housing Market Data

Notice in red below.  The sales prices of homes that are sold each month have dropped.  Not sure why.

Looking at the active listings in blue.  The number is fewer each month.  This is normal this time of year.  It’s also normal this time of year for the DOM (days on market) to increase.

Of the homes pending each month let look at how many had multiple offers.  In September 44% had more than on offer.  In October 39%, 57%, and December had 65%.

Looking at the homes that sold each month and how many had more than one offer.  September had 62%, 53%, 48% and December 62%.

Looking back at these same months last year.  September had 67%, 69%, 64% and December 67%. 

When comparing December’s home sales this year to December last year.  Carmichael home prices are up 14%.  But looking at the last 4 months.  Home prices in Carmichael are down 10%. 

Let’s look at each of the homes that sold in December.  The homes are listed below.  The homes are sorted by selling percent below list price to the percent above list price.  The far-right column is the amount the sellers dropped or increased their price when it sold.

In red below.  This home was on the market for 106 days.  The agent most likely increased the price once they received an offer.  This drives up the price. Not all agents will do this. In fact, most will not.

In blue below.  This home was clearly well overpriced.

16 homes sold for below list price in December.  41 sold for over list price.  The remaining homes were sold for the list price.