Single-family home prices in Sacramento were up from last month at $515,000, a 5% increase. Prices were nearly 20% higher than in the same month last year. The current sale price of homes is the highest yet, beating a previous peak of $490,000. Competition was high, with homes selling in an average of 7 days and going for nearly $20,000 above asking.
The average home in Sacramento was $515,000 in March. Prices have increased every month of the year to reach an all time high this month.
The average home in Sacramento was listed for $499,000 in March, up $5,000 from the previous month as sellers get more confident in spring sales.
The average home in Sacramento sold for 4% higher than the list price. This gap in the sale-to-list-price ratio is near its peak from the previous summer when it reached 5%.
Sellers listed 149 more homes in March than they did the previous month. There were 822 homes available for sale in Sacramento last month.
Homebuyers bought 732 homes in March, leaving less than 100 on the market from one month to the next for a flat inventory.
Homes sold in an average of 7 days in March. Tied with February, this is the fastest that homes have ever sold in Sacramento.