We're excited to take a look at Real Estate Trends for the first month of 2021! We'll help you discover how many listings are hitting the market, how long houses are staying on the market before selling, and what the median home values were in Sacramento last month! Discover what's trending with this Sacramento County Housing Market for January 2021.
Sacramento County Housing Market Trends January 2021
January 2021 was a Seller's market! The number of for-sale listings was down 55% from one year earlier and down 8.8% from the previous month. The
number of sold listings increased 3.1% year over year and decreased 34.5% month over month. The number of under contract listings was up 4.9% compared to the previous month and up 1.7% compared to the previous year.
Homes For Sale in January 2021
The total number of properties available this month is 972 units up 3.1% from last month. The number of current inventory is down 34.5% compared to the previous month. This smaller inventory means that buyers who waited to buy may have a smaller selection to choose from.
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
Buyer’s market: more than 6 months of inventory
Seller’s market: less than 3 months of inventory
Neutral market: 3 – 6 months of inventory
Homes Closed in January 2021
• Down 34.5% compared to last month
• Up 3.1% compared to last year
Homes Placed under Contract in January 2021
• Down 8.8% compared to last month.
• Down 55.1% compared to last year
Homes For Sale in January 2021
The Average For Sale Price in January was $752,000, up 29.7% from $580,000
in January of 2020 and up 4% from $723,000 last month.
The Average Sold Price In January Is Neutral
The Average Sold Price in January was $489,000, up 17.8% from $415,000 in January of 2020 and down 1% from $494,000 last month
The Median Sold Price in January Is Appreciating
The Median Sold Price in January was $449,000, up 18.2% from $380,000 in January of 2020 and up 0.9% from $445,000 last month.
What does all of this mean for you?
At Team Lund, we understand that buying or selling your home can be one of the biggest decisions you make. We want to provide you with the best, most relevant information to assist you in your journey. Reach out to us with any questions and we will guide you through every step and help you sell or buy a home that meets your needs while being competitive in today’s market. If you want trends for Placer County or El Dorado County or your specific zipcode or city, we'd be happy to send them to you. Just let us know!