Home Prices in Sacramento County Down Slightly in May

Posted by Rick Delgado on Wednesday, June 8th, 2016 at 10:38am.

Looks like the average home price in Sacramento and El Dorado Counties has trended slightly downward in May, while single-family homes in Placer County have basically remained unchanged.

In Sacramento County, the median list price of single-family homes selling for less than $250,000 dropped 2.75% to $209,000, while single-family homes listed for more than $250,000 dropped 4.24% to $416,553.

Meanwhile, condos and townhomes in Sacramento saw a large jump in price - 10.12% for units listed at more than $100,000. The new median price is now $234,000, showing these residences are in high demand.

Then there's the average price of condos and townhomes (listed for more than $200,000) in El Dorado, which has jumped big time by some 62.99% to an average list price of $419,289. The median list price on these residences is far more stable with an 8.09% jump to $254,000.

Inventory is very limited for condos in El Dorado, with just 13 active listings on units selling for more than $200,000. Same for Placer County, where there are just 18 listings of condos/townhomes selling for less than $200,000.

Interestingly, condos in Placer County that are listed for less than $200,000 saw a fairly large drop in median price (down 13.99%) to $129,000, despite limited inventory.

Right now, single-family homes (listed for more than $400,000)in El Dorado County are selling for the highest median list price at $689,000, compared with $619,900 in Placer County.

Rick Delgado

Wonder what your home is worth in today's market? Quickly find out by clicking here. If you'd like help selling your home, please contact Rick Delgado today.

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