Sacramento Region
6 cities covered
Cities in this region
Smaller homes pulled Carmichael’s median lower while per-square-foot prices held firm
Larger homes propped up Citrus Heights’ flat median as per-square-foot dipped
Fair Oaks homes are selling faster with fewer up for grabs
Rancho Cordova homes still spent a median 40 days on the market this summer
Sacramento sales climbed 8.5% and homes changed hands three days sooner
All Reports
87 reportsCarmichael’s median home price slips below $560K as inventory swells 17%
Buyers gained ground in March with more listings and lower prices, even as homes continued to sell quickly and nearly half closed above asking.
Sacramento region splits in two as Fair Oaks heats up and Rancho Cordova cools
Newly released Redfin data for March shows a wide gap across the region, with prices climbing more than 10% in two cities and falling nearly 15% in another.
Sacramento home construction slid 21% in March as California permits jumped 22%
Builders pulled 632 residential permits across the Sacramento region, a sharp underperformance against a statewide pace that surged more than 22% year over year.
Citrus Heights homes are sitting nearly twice as long as last spring
The median home took 20 days to sell in March, up from 11 a year ago, even as buyers paid $388 less per month thanks to lower prices and rates.
Fair Oaks homes are selling twice as fast as last spring
Median days on market dropped to just 10 in March, down from 20 a year earlier, as more than half of homes sold above asking price.
Sacramento homes are sitting nearly a week longer than last spring
The median home took 23 days to sell in March, up from 17 a year earlier, even as sales picked up and prices held nearly flat.
Arden-Arcade’s median home price jumps to $595,000 — but homes are sitting longer
Prices climbed more than 10% year-over-year in March, even as inventory grew and homes took four extra days to sell compared with last spring.