Rocklin Housing Market Data for January 2023
Median Housing Market Data
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Rocklin home prices are down 8% from January last year. November, December, and January are usually the slowest months for home sales.
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Looking at the active listings and the DOM. It's normal for the active listings to drop this time of year (highlighted in green on the left). It's normal for this to start ticking upward. This usually starts to tip upward in March. It's normal for the DOM to increase (highlighted in green on right). This number in a normal housing market should start to decrease. This would happen over the next couple of months.
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The one big concern is where the housing market is headed. The drop in the total number of home sales (highlighted in blue) raises this concern. There has been a drastic drop in the total number of home sales. Looking back over the last 6 months, there have been 293 homes sold in Rocklin. Last year during the same time, 537 homes sold. I think the housing market this year will be much slower due to the higher interest rates.
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With the higher interest rates, homebuyers have to look at less expensive homes to afford the monthly payment. The chart below shows all the homes pending from January 15th in Sacramento County. The sweet spot is from 400k to 500k. Ryan Lundquist, a Sacramento area appraiser, completed this chart.
https://www.facebook.com/SacramentoAppraiser
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For more housing information, visit my blog at https://www.allcahomes.com/blog/
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November-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
124 |
$737,500 |
$0 |
44 |
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Pending |
55 |
$679,000 |
$0 |
32 |
|
Sold |
35 |
$699,950 |
$675,000 |
36 |
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Sold 2021 |
102 |
$649,500 |
$657,500 |
6 |
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December-22 |
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# Listings |
List Price |
Sale Price |
DOM |
|
Active |
84 |
$734,700 |
$0 |
63 |
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Pending |
44 |
$773,500 |
$0 |
38 |
|
Sold |
49 |
$659,000 |
$650,000 |
26 |
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Sold 2021 |
81 |
$679,000 |
$690,000 |
7 |
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January-23 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
86 |
$819,995 |
$0 |
59 |
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Pending |
52 |
$678,475 |
$0 |
41 |
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Sold |
41 |
$675,000 |
$645,000 |
31 |
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Sold 2022 |
68 |
$681,098 |
$702,500 |
7 |
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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 system to bring you the best price possible on a home without over-biding. Please feel free to call, text, or email me 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.