Rocklin Housing Market Data for May 2023
Median Housing Market Data
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Rocklin housing prices are down 12% from this time last year. We are currently in the peak of the housing market season. Let’s look at the numbers to see what is happening in the housing market.
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The active listings (inventory) and DOM are the heartbeats of the housing market. The inventory will increase during this time of the year in a regular housing market. It has grown but not much. This is highlighted in blue below. The DOM usually decreases this time of year. It has decreased some but not like it usually does. The higher interest rates most likely cause this. Homeowners are not selling unless they have to. They don’t want higher house payments. Homes stay on the market longer because of the higher house payments that most can’t afford.
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Multiple offers are hovering around 50% in Rocklin. The multiple offers need to be 4 or higher to make the housing prices increase. Of the 29 homes with multiple offers, 9 had 4 or more offers.
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Over the last 3 months, housing prices have dropped. The list price is less than the selling price. This means more homes are selling below the list price. Looking at last year’s numbers, the list price is less than the selling price. More homes sold for over list price.
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The total number of home sales has decreased from last year. In the previous 6 months, 320 homes have been sold. Last year during the same time, 454 homes sold.
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If you are thinking of selling your home, now is the time. Around mid-July, homes start to decline some. Once the children start school, the housing market will usually begin to drop. Most homebuyers want to be in their new home before school starts. The housing market usually drops more as we get closer to the holidays.
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For more housing information, visit my blog at https://www.allcahomes.com/blog/
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March-23 |
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# Listings |
List Price |
Sale Price |
DOM |
|
Active |
76 |
$899,900 |
$0 |
30 |
|
Pending |
62 |
$739,000 |
$0 |
16 |
|
Sold |
70 |
$724,995 |
$713,500 |
26 |
|
Sold 2022 |
89 |
$683,000 |
$700,000 |
7 |
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April-23 |
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# Listings |
List Price |
Sale Price |
DOM |
|
Active |
80 |
$935,000 |
$0 |
20 |
|
Pending |
60 |
$746,000 |
$0 |
12 |
|
Sold |
62 |
$687,000 |
$682,500 |
14 |
|
Sold 2022 |
92 |
$694,500 |
$727,500 |
6 |
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May-23 |
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# Listings |
List Price |
Sale Price |
DOM |
|
Active |
86 |
$944,500 |
$0 |
25 |
|
Pending |
69 |
$760,000 |
$0 |
12 |
|
Sold |
54 |
$677,000 |
$670,000 |
11 |
|
Sold 2022 |
72 |
$729,888 |
$761,000 |
6 |