Roseville Housing Market Data for February 2022
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Median Housing Market Data
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This time of year, the active listings or inventory starts to increase. It has started to increase now in green. As we head towards April the housing market should pick up some steam.
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In February the was a large increase in the pending numbers compared to January. This is a sign that the housing market is starting to hear up again.
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All the numbers in the List price are much higher 👆 in February compared to January. This is in bright pink.
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The numbers seem to show that homes sold for more in February than in January. These numbers are in red under the sale price.
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Roseville home prices are up 15% when comparing February this year to February last year.
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Another sign that the housing market is starting to pick back up is the multiple offers. Of the homes currently pending 60% had more than one offers in Roseville. In January the homes pending had 51% with more than one offer.
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Of the homes that sold in February, 63% had more than one offer. In January 56% had more than one offer.
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Last February 68% of the homes that sold had more than one offer.
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If you are thinking about purchasing a home. Remember interest rates are on the rise. Making your monthly payment higher.
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Don’t what to purchase a home thinking you will get a better deal if housing prices drop. Even if the home prices drop some you could have a larger monthly payment with a higher interest rate.
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An example would be. Say you have a 30-year loan for $500k with a 3% interest rate. Your monthly mortgage payment would be about $2108.
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Say you wait and the housing market drops some. Say to $450k but now the interest rates are at 4%. Your monthly mortgage payment would be about $2148.
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Forty dollars a month more at 30 years comes out to $14,400 more paid in interest.
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Zillow has many homes on the market currently. Most are well overpriced. These can make a great target for buyers providing you have a plan. Deals are still out there.
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For those that don’t know Zillow overpaid for home purchases and lost millions of dollars. So much so that Zillow shut down that portion of their business.
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For more housing information visit my blog at https://www.allcahomes.com/blog/
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January-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
74 |
$670,000 |
$0 |
11 |
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Pending |
171 |
$650,000 |
$0 |
9 |
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Sold |
133 |
$601,000 |
$610,000 |
8 |
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Sold 2021 |
129 |
$525,000 |
$535,000 |
7 |
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February-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
78 |
$684,211 |
$0 |
7 |
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Pending |
227 |
$664,975 |
$0 |
7 |
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Sold |
131 |
$649,500 |
$659,900 |
6 |
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Sold 2021 |
128 |
$559,500 |
$575,000 |
5 |
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Average housing Market Data
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Of the homes that sold in February. Some home sellers had to drop their prices to get their homes sold. The list price is lower than the original price.
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The homes that sold in February went for much higher than the list price. About $18k above list price. Remember not all homes sold for this much over list price.
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Using the average housing market data. Roseville home prices are up 10% compared to February last year.
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January-22 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
74 |
$713,160 |
$711,419 |
$0 |
22 |
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Pending |
171 |
$657,497 |
$655,771 |
$0 |
23 |
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Sold |
133 |
$629,448 |
$625,245 |
$635,388 |
21 |
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Sold 2021 |
129 |
$552,430 |
$548,737 |
$551,185 |
17 |
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February-22 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
78 |
$770,395 |
$768,003 |
$0 |
17 |
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Pending |
227 |
$671,300 |
$672,047 |
$0 |
15 |
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Sold |
131 |
$647,410 |
$644,959 |
$662,530 |
16 |
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Sold 2021 |
128 |
$589,838 |
$589,517 |
$601,053 |
14 |
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When comparing the last 6 months of home sales this year to the same time last year. Roseville home prices are up 18%. Red is this year's numbers and blue is last year’s numbers.
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The number of homes sold decreased in February compared to the other data.
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Roseville |
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Home Sales last 6 months |
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# of Sales |
Median List Price |
Median Sales Price |
DOM |
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Jan 21 |
1361 |
$514,900 |
$520,000 |
7 |
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Jan 22 |
1208 |
$599,990 |
$615,000 |
7 |
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Feb 21 |
1212 |
$519,000 |
$525,000 |
6 |
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Feb 22 |
1094 |
$605,000 |
$617,825 |
7 |
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I have a system put in place to get you the best price possible on a home without over-biding. I want to put you in the best possible position to get a home at the best price. 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.