Sacramento, CA Home Values & Market Trends
Real estate market trends reflect that there have been 7,639 transactions over the past year in Sacramento. The median value for residential home transactions that occurred over the previous year is $479,974.09. The number of current listings in Sacramento is 151, and the percentage of properties for sale in the city is 151.00%. Sacramento, CA currently has 254 properties in foreclosure, 25 bank owned properties, 92 properties headed for auction, and 151 properties for sale.
Sacramento, CA Real Estate Market Overview
Zip | Median Est. Value | Zip | Median Est. Value |
---|---|---|---|
95818 | $ 757,000 $ 416/sqft | 95828 | $ 550,500 $ 341/sqft |
95835 | $ 561,700 $ 287/sqft | 95815 | $ 332,750 $ 356/sqft |
95821 | $ 603,200 $ 392/sqft | 95833 | $ 427,500 $ 288/sqft |
95823 | $ 421,825 $ 315/sqft | 95824 | $ 378,250 $ 360/sqft |
95838 | $ 387,900 $ 276/sqft | 95816 | $ 550,250 $ 495/sqft |
95825 | $ 405,979 $ 341/sqft | 95817 | $ 422,000 $ 423/sqft |
95820 | $ 399,240 $ 350/sqft | 95829 | $ 579,200 $ 336/sqft |
95842 | $ 470,600 $ 347/sqft | 95864 | $ 787,100 $ 358/sqft |
95827 | $ 499,000 $ 359/sqft | 95832 | $ 409,031 $ 287/sqft |
95826 | $ 547,600 $ 398/sqft | 95814 | $ -- $ -- |
95822 | $ 385,500 $ 320/sqft | 95836 | $ -- $ -- |
95834 | $ 541,000 $ 293/sqft | 95811 | $ -- $ -- |
95841 | $ 554,900 $ 341/sqft | 95837 | $ -- $ -- |
95819 | $ 753,477 $ 594/sqft | 95830 | $ -- $ -- |
95831 | $ 595,125 $ 330/sqft |
Housing Market Summary for Sacramento, CA
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $375K | $463.4K | 23.56% |
Median Sold Price | $466.1K | $463.4K | -0.59% |
Homes For Sale | 164 | 150 | -8.54% |
Homes Sold | 6,224 | 6,536 | 5.01% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
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Browse Homes in Sacramento, CA
Sacramento home values range from $38,996 to $3,923,320. The median estimated value of a home in Sacramento is $479,974.09. The median list price of a home is 415,000, and the total count of properties in the city is 212,009.
- Pre-ForeclosurePre-foreclosure homes account for 0.06% of all residential properties in Sacramento, CA with 95828 containing 14 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 29 zips within Sacramento, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $621,900 in 95864 to the lowest home value of $215,162 in 95841.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Sacramento, CA ranges from the highest value of $374,250 in 95833 to the lowest value of $250,600 in 95842. Bank owned homes and properties account for 0.01% of properties in Sacramento, CA. There are 29 zips within Sacramento, CA; 95838 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions95823 has 12 auction properties, the highest number of properties going to auction in a single zip in the state of Sacramento, CA. Auction homes and other auction properties account for 0.04% of all properties in Sacramento, CA. There are 29 zips within Sacramento, CA; of those zips, the median estimated home value for homes going to auction ranges from $522,500 in 95818 to the lowest value of $189,014 in 95818.
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Guide for Sacramento, CA
In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.
The Sacramento real estate market has witnessed a consistent rise in property values, with the average value increasing by 12% from March 2023 to January 2024. This trend was echoed in neighboring cities. Foreclosure trends indicate a healthy market and the increasing list and sales prices show promising growth for investors and buyers.
The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.
Santa Ana’s real estate market thrives with fluctuating median property values and diverse submarkets. Recent trends indicate potential opportunities for investors with varied budgets despite market volatility, enhanced by Santa Ana’s comparatively low foreclosure rates and value-for-money square foot pricing.