The number of homes for sale in Roseville keeps thinning out. Across the three months ending in May, active listings averaged 957 — down 10.8% from the same stretch a year earlier, when buyers had roughly 1,073 homes to pick from, according to newly released Redfin data. With sales climbing at the same time, the city now has just 1.8 months of supply, well inside what real estate analysts consider a sellers’ market.

A tighter market than last spring

The pullback in listings is the defining feature of Roseville’s spring market. Even with the typical seasonal rebuild — active inventory rose 10.6% from April to May, a normal pattern as more sellers list ahead of summer — the count remains noticeably below where it stood twelve months ago. Buyers, meanwhile, are showing up in larger numbers. Homes sold totaled 526 over the three-month window, up 3.8% year-over-year and 11.9% above the prior three-month period.

That combination — fewer choices, more buyers — has kept competition steady rather than easing. The share of homes selling above list price was 35.5%, essentially unchanged from 35.3% a year earlier. The sale-to-list ratio held at 100%, meaning the typical home traded right at its asking price. Days on market came in at a median of 20, the same as last spring and a day faster than April.

Roseville, with a population of about 165,000 and 2.7% growth over the past year, is adding residents faster than it is adding listings. That demographic pressure helps explain why the inventory squeeze has not loosened despite mortgage rates that remain elevated by recent standards.

Prices essentially flat

Despite the tighter supply, prices have barely moved. The median sale price was $634,620, down 0.8% from $640,000 a year earlier. Price per square foot told the same story, slipping 0.2% to $336. Month-over-month, the median ticked up 0.8% from April, consistent with normal spring firming.

Step back further and the story is one of remarkable stability. Two years ago, the median sat at $630,000 — within striking distance of today’s figure. Over five years, prices are up 7.4% from $591,000 in spring 2021, a pace that has trailed inflation over the same stretch. Nationally, the S&P/Case-Shiller index was down slightly year-over-year through March, suggesting Roseville’s flat trajectory is broadly in line with the country.

Rates ease the monthly math

The 30-year fixed mortgage rate averaged 6.44% in May, down from 6.82% a year earlier but up from 6.33% in April, according to Freddie Mac data published by the Federal Reserve. Combined with the slight dip in prices, that means a buyer purchasing a median-priced Roseville home today with 20% down would face a principal-and-interest payment of about $3,189 per month — roughly $156 less than a year ago.

Affordability, however, remains stretched. Roseville’s median household income is $119,288, according to the U.S. Census Bureau’s 2024 American Community Survey, putting the median home at 5.3 times annual household income. That mortgage payment consumes about 32% of median monthly income, near the edge of what lenders and housing economists consider sustainable.

Neighborhood breakdown

The three Roseville zip codes tell distinct stories:

  • 95661 (eastern Roseville) was the most expensive and the fastest-selling slice of the market. The median sale price was $729,783, up sharply from $662,500 a year earlier, and homes found buyers in a median of 11 days — eight days faster than last spring. Eighty-five homes sold against 135 active listings.
  • 95678 (central Roseville) was the most affordable. The median sale price of $539,840 was down from $583,500 a year earlier, the steepest year-over-year drop among the three areas. Homes took a median of 19 days to sell, slightly longer than the 16 days recorded a year earlier. Ninety-one homes sold.
  • 95747 (West Roseville) was by far the highest-volume zip code, with 375 sales and 699 active listings — more than the other two zip codes combined. The median sale price of $652,101 was virtually flat from $652,745 a year earlier, and homes took a median of 24 days to sell, the slowest of the three.

The contrast between 95661’s accelerating market and 95678’s softer pricing is one of the sharper divergences within the city this spring.

Bottom line

Roseville enters summer with fewer homes on the market than last year, modestly stronger sales, and prices essentially where they were twelve months ago. With 1.8 months of supply, the market continues to tilt toward sellers — though the lower mortgage rates compared to last May have given buyers a meaningfully smaller monthly payment to work with than they faced a year ago.