Sacramento County Housing Market Summary January 2021
Updated: Jan 30
Team Lund Real Estate is happy to be your go-to source for 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 December 2020
December 2020 was a Seller's market! The number of for-sale listings was down 50% from one year earlier and down 28.6% from the previous month. The
number of sold listings increased 14.7% year over year and decreased 5.2% month over month. The number of under contract listings was down 14.9% compared to the previous month and up 30.8% compared to the previous year.
Homes For Sale in December 2020
The total number of properties available this month is lower by 606 units of 50%. The number of current inventory is down 28.6% 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 December 2020
• Down 35.5% compared to last month
• Down 61.7% compared to last year
Homes Placed under Contract in December 2020
• Down 16% compared to last month.
• Down 65.5% compared to last year
The Days on Market Showed a Downward Trend for December 2020
The Average For Sale Price in Sacramento is Appreciating
The Average For Sale Price in December was $729,000 up 13.7% from
$641,000 in December of 2019 and up 6.4% from $685,000 last month.
The Average Sold Price is Appreciating
The Average Sold Price in December was $491,000, up 16.6% from $421,000 in
December of 2019 and the same as last month.
The Median Sold Price in November
The Median Sold Price in November was $443,000, up 15.1% from $385,000 in
December of 2019 and up 0.2% from $442,000 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!