Rocklin Housing Market Data for June 2022
Median Housing Market Data
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With the feds raising rates the housing market is changing. We are now in a different housing market. If you are selling you can’t overprice your home, or it will sit much longer and most likely will sell for less.
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The feds are expected to continue to increase the federal funds rate. The housing market may very well start to decline. If this happens you will want to price your house under other home sellers with a similar home.
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For the first time, I didn’t include condominiums or townhomes in the statistics. It should not affect the numbers much. More so in the average than the median statistics.
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We are currently at the peak of the housing market season. This time of year the active listings (inventory) are at the highest levels. The active listings stay that way until July.
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Highlighted in green are the active listings. It’s normal for them to increase these months. However, notice that in May the active listings did not increase. 68 without condominiums and townhomes and 70 including them. Now that interest rates are higher homeowners may not want to sell now.
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The DOM in a changing market will increase. It has started to increase (highlighted in blue) and I expect it to continue to increase some.
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With this changing housing market, the active listings will flatten out. They will not be increasing each month. In red below you can see that the prices are flattening out some.
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In this changing housing market, I also expect the multiple offers to decrease. This will be noticed first in the homes that are pending. Of the homes currently pending in Rocklin, 49% had more than one offer. Last month the pending’s were at 55%. So, they are coming down.
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Rocklin’s housing prices have increased 9% when comparing May home sales this year to May of last year.
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If you are a homebuyer, you must take the changing market into consideration. This could save you thousands of dollars.
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If you are thinking about selling right now is the time. You want top dollar! Here is a helpful list of do’s and don’t when selling a home.
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For more housing information visit my blog at https://www.allcahomes.com/blog/
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March-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
46 |
$718,530 |
$0 |
5 |
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Pending |
111 |
$690,000 |
$0 |
7 |
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Sold |
89 |
$683,000 |
$700,000 |
7 |
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Sold 2021 |
112 |
$549,900 |
$579,500 |
6 |
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April-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
69 |
$740,000 |
$0 |
5 |
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Pending |
97 |
$709,950 |
$0 |
7 |
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Sold |
92 |
$694,500 |
$727,500 |
6 |
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Sold 2021 |
104 |
$599,000 |
$623,500 |
5 |
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May-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active 70 |
68 |
$747,450 |
$0 |
16 |
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Pending 100 |
92 |
$729,950 |
$0 |
7 |
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Sold 78 |
72 |
$729,888 |
$761,000 |
6 |
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Sold 2021 131 |
119 |
$669,000 |
$700,000 |
6 |
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Average Housing Market Data
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Looking at the average housing market data. The active listings, highlighted in blue, show an important statistic. Look at the difference between the original and list prices. Many more home sellers are having to drop their home prices to sell their homes now. A sign of the housing market changing.
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Looking at the sold homes highlighted in green, those numbers are not as significant. Remember, these deals started before the interest rates increased to today's rates.
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Home sellers also had more price drops of the homes pending. Again, the difference between the original and list prices is greater.
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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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May-22 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
68 |
$873,901 |
$861,161 |
$0 |
23 |
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Pending |
92 |
$762,789 |
$752,729 |
$0 |
14 |
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Sold |
72 |
$835,117 |
$831,661 |
$865,727 |
10 |
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Sold 2021 |
119 |
$714,725 |
$715,150 |
$745,004 |
8 |
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When comparing the last 6 months of home sales this year to the same time last year Rocklin’s home prices are up 19%.
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These numbers will be the last place that will show the change in the housing market.
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Rocklin |
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Home Sales last 6 months |
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# of Sales |
Median List Price |
Median Sale Price |
DOM |
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Apr-21 |
605 |
$565,000 |
$580,000 |
6 |
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Apr-22 |
514 |
$669,000 |
$685,000 |
6 |
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May-21 |
541 |
$595,000 |
$610,000 |
6 |
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May-22 |
454 |
$699,000 |
$725,000 |
7 |