Sacramento, CA Home Values & Market Trends
Real estate market trends reflect that there have been 7,798 transactions over the past year in Sacramento. The median value for residential home transactions that occurred over the previous year is $487,006.33. The number of current listings in Sacramento is 148, and the percentage of properties for sale in the city is 148.00%. Sacramento, CA currently has 655 properties in foreclosure, 39 bank owned properties, 83 properties headed for auction, and 148 properties for sale.
Sacramento, CA Real Estate Market Overview
Zip | Median Est. Value | Zip | Median Est. Value |
---|---|---|---|
95818 | $ 758,250 $ 429/sqft | 95841 | $ 571,500 $ 373/sqft |
95838 | $ 373,999 $ 295/sqft | 95815 | $ 329,750 $ 353/sqft |
95821 | $ 632,950 $ 375/sqft | 95829 | $ 532,900 $ 332/sqft |
95823 | $ 436,575 $ 320/sqft | 95816 | $ 549,250 $ 463/sqft |
95820 | $ 388,181 $ 355/sqft | 95817 | $ 513,468 $ 476/sqft |
95822 | $ 413,750 $ 348/sqft | 95833 | $ 537,500 $ 278/sqft |
95828 | $ 460,000 $ 317/sqft | 95832 | $ 438,274 $ 269/sqft |
95834 | $ 503,500 $ 333/sqft | 95824 | $ -- $ -- |
95825 | $ 569,400 $ 360/sqft | 95811 | $ 601,875 $ 368/sqft |
95835 | $ 549,785 $ 289/sqft | 95864 | $ 769,150 $ 364/sqft |
95819 | $ 678,300 $ 643/sqft | 95814 | $ 2,099,000 $ 1,210/sqft |
95831 | $ 576,000 $ 346/sqft | 95836 | $ -- $ -- |
95842 | $ 468,000 $ 353/sqft | 95837 | $ -- $ -- |
95827 | $ 541,250 $ 359/sqft | 95830 | $ -- $ -- |
95826 | $ 562,800 $ 375/sqft |
Housing Market Summary for Sacramento, CA
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $409.9K | $468.1K | 14.20% |
Median Sold Price | $468.6K | $468.1K | -0.10% |
Homes For Sale | 166 | 146 | -12.05% |
Homes Sold | 5,961 | 6,088 | 2.13% |
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 $40,164 to $4,091,020. The median estimated value of a home in Sacramento is $487,006.33. The median list price of a home is 425,000, and the total count of properties in the city is 212,090.
- Pre-ForeclosurePre-foreclosure homes account for 0.25% of all residential properties in Sacramento, CA with 95823 containing 51 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 $511,800 in 95819 to the lowest home value of $195,000 in 95838.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Sacramento, CA ranges from the highest value of $406,750 in 95811 to the lowest value of $231,500 in 95820. Bank owned homes and properties account for 0.02% of properties in Sacramento, CA. There are 29 zips within Sacramento, CA; 95828 containing 5 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions95823 has 14 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 $498,300 in 95829 to the lowest value of $194,552 in 95829.
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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.
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