Rocklin Housing Market Data for May 2022
Median Housing Market Data
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First, Rocklin home prices are up 17% from April of last year.
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This is the time of year when the housing market normally heats up. More homes come on the market, and home buyers start looking.
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Looking at the inventory (active listings) highlighted in green below. There was a large increase in active listings. Again, this is normal.
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This will be the start of the housing market starting to cool down. With rising interest rates, I expect the DOM to start to increase. Multiple offers to start to decrease along with home prices.
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In April, 55% of the homes that were pending had more than one offer. Last month March’s pending were at 60% with more than one offer. The drop in multiple offers will show first in the pendings.
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Of the homes sold in April, 72% had more than one offer. In March, 72% of the sold also had more than one offer. Last year in April, the homes that sold 75% had more than one offer. Slight drop from the previous year.
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Higher interest rates mean higher monthly payments for homebuyers. So, the home buyer that could afford a $2,500 monthly payment. Now must drop their home shopping price to keep the payment at that amount.
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Remember, some people are approved for more. But have their home search set lower because they are more comfortable with a lower payment. So, if your home is priced higher than their search, they will never see your home. They still may want your home and go above their comfort zone.
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As the housing market starts to change, it’s important to not overprice your home. There are many numbers to look at when pricing your home. The most important thing is to get as many homebuyers through as possible.
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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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February-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
44 |
$736,831 |
$0 |
10 |
|
Pending |
95 |
$669,900 |
$0 |
8 |
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Sold |
62 |
$654,000 |
$669,000 |
6 |
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Sold 2021 |
76 |
$654,950 |
$586,500 |
5 |
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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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Average Housing Market Data
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When looking at the average housing market data I like to look at the original price compared to the list price. These numbers are starting to increase. This means more home sellers are having to drop their listing prices to get their homes sold.
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This is a bad trend. History shows that the longer the home is on the market the less the homeowner will receive for the home.
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Of the homes that are currently active and pending the gap is about 5,000 roughly. Of the homes that sold, the gap is just about 3,500.
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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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April-22 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
69 |
$823,678 |
$818,938 |
$0 |
16 |
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Pending |
97 |
$755,542 |
$750,496 |
$0 |
14 |
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Sold |
92 |
$755,659 |
$751,858 |
$780,560 |
12 |
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Sold 2021 |
104 |
$630,964 |
$635,468 |
$666,581 |
9 |
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When comparing the last 6 months of home sales this year to the same time last year, Rocklin home prices are 18%.
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When looking at this home data it will not show a housing market change as soon as the monthly data.
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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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Mar 21 |
642 |
$550,000 |
$565,000 |
7 |
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Mar 22 |
517 |
$659,000 |
$675,000 |
7 |
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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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I want to put you in the best possible position to get a home at the best price. I have a system put in place to get you the best price possible on a home without over-biding. Please feel free to give me a 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 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.