Roseville’s Housing Market Numbers for April 2023
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Roseville home prices are down 8% from last year. The Roseville housing market has been flat in 2024. We are currently in the prime housing market season. Let’s look at some numbers to see what the housing market is doing.
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The heartbeat of the housing market is the active listings (inventory) and the DOM. In a normal housing market, the inventory should increase. However, the inventory is currently decreasing. This is highlighted in blue below. The DOM typically will decrease this time of year. It has decreased some but not as much in other areas of Sacramento. We will keep an eye on these numbers next month.
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When inventory is low, multiple offers are likely to increase. Of the homes currently pending, 32% have more than one offer. Of the homes that sold in April, 47% had more than one offer. This can drive up housing prices as well.
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Looking at the homes that sold in April below. The list price and sale price are about equal. That is a slight change as homes have been selling for below the list price. In April, notice the difference between this year and last year in red. Last year in April, homes sold for way above the list price.
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In the current housing market, one thing stands out. The total number of home sales is way down from last year. In the previous 6 months, 758 homes have sold in Roseville. Last year during the same time, 1105 homes sold. This is likely happening because of the higher interest rates. Any homeowner that was thinking of selling may know what. They don’t want a higher monthly payment because of the higher interest rates.
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The Roseville housing market may be starting to heat up again. Meaning housing prices may begin to increase again. If homebuyers stop looking because of higher monthly mortgage payments. The housing market will shift into a decline. If you are thinking of selling, now is the time.
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For more housing information, visit my blog at https://www.allcahomes.com/blog/
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February-23 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
176 |
$674,950 |
$0 |
35 |
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Pending |
179 |
$616,000 |
$0 |
31 |
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Sold |
118 |
$619,660 |
$610,811 |
34 |
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Sold 2022 |
131 |
$649,500 |
$659,900 |
6 |
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March-23 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
180 |
$669,500 |
$0 |
20 |
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Pending |
189 |
$609,000 |
$0 |
21 |
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Sold |
163 |
$614,990 |
$609,990 |
29 |
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Sold 2022 |
220 |
$650,000 |
$667,450 |
6 |
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April-23 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
157 |
$699,000 |
$0 |
21 |
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Pending |
188 |
$650,000 |
$0 |
18 |
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Sold |
132 |
$611,482 |
$612,500 |
15 |
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Sold 2022 |
217 |
$635,000 |
$665,000 |
6 |
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I want to put you in the best possible position to get home at the best price. I have a method to bring you the best price possible on a home without over-biding. Please feel free to give me a call, text, or email to find out how my method 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.