Sales activity in Sacramento gained ground this spring, with 1,125 homes sold in the three months ending June, up 2.1% from the 1,102 sold in the same period a year earlier, according to newly released data from Redfin. In a market where median prices have barely moved, the pickup in transactions stands out as the clearest sign of momentum — and it accelerated from month to month, rising 9.7% over the three months ending May.

Sales lead a flat-price market

The gain in completed sales points to steady demand in California’s capital city, home to about 540,000 residents after 1.3% population growth over the past year. That population growth helps explain continued buyer interest even as affordability remains stretched.

Volume has climbed gradually over a longer horizon as well. The 1,125 homes sold this spring compares with 1,004 in the same three months of 2024. It remains well below the 1,731 homes sold in the three months ending June 2021, a period of exceptionally fast turnover when homes typically found buyers within a week.

Prices essentially unchanged

While sales rose, prices stayed remarkably steady. The median sale price was $509,723, down just 0.1% from $510,000 a year earlier — effectively flat. Month over month, the median rose 1.9% from $500,000, a modest uptick consistent with typical spring market patterns.

The price per square foot tells a slightly softer story. At $337, it fell 2.2% from $345 a year earlier, suggesting that buyers may have shifted toward somewhat larger homes or that price growth was concentrated in smaller properties. Over five years, the median price is up 6.2% from $480,000 in the three months ending June 2021, a gain that has trailed broader inflation over the same period.

Nationally, home prices continued to rise modestly year over year, according to the S&P/Case-Shiller U.S. National Home Price Index.

A tight market that favors sellers

Sacramento remains a sellers’ market despite the flat prices. Active inventory stood at 2,223 listings, up 1.0% from a year earlier, which works out to about 2.0 months of supply — meaning it would take roughly two months to sell every home currently listed at the current sales pace. Anything under about four months is generally considered tight.

Homes changed hands quickly, though slightly less so than last year. The median home spent 18 days on the market, up from 17 a year earlier — a small enough difference that buyers faced essentially the same fast pace as in 2025. Both figures remain far above the 11 days recorded two years ago and the 7 days seen five years ago, a reminder of how much the frenzied conditions of the early pandemic era have eased.

Nearly 40% of homes sold above their asking price, at 39.6%, close to the 40.4% share a year earlier. The median home sold for 100.3% of its list price, meaning the typical property fetched slightly above what its seller was asking.

Affordability and borrowing costs

Buying remains a stretch for many local households. At the current median price, a home in Sacramento costs about 5.8 times the median household income of $87,321, according to U.S. Census Bureau figures — well above the level generally considered affordable. A buyer putting 20% down on a median-priced home would face a monthly principal-and-interest payment of roughly $2,575, or about 35.4% of median monthly household income.

Lower borrowing costs have offered some relief compared with a year ago. The 30-year fixed mortgage rate averaged 6.49% in June, down from 6.82% a year earlier, according to Freddie Mac. That decline, combined with the flat median price, means the monthly payment on a median-priced home is about $90 lower than it was a year ago — $2,575 now versus $2,665 then. Rates ticked up slightly from the 6.44% average in May.

The bigger picture

Taken together, the data describes a Sacramento market where activity is picking up while prices hold their ground. More homes are selling than a year ago, they continue to move quickly, and a substantial share still command above-asking offers — all signs of a market that continues to lean in sellers’ favor, even as the flat median price gives buyers some stability after years of rapid movement.