CA · Metro #26

Sacramento - CA housing market

The Sacramento metro has a typical home value of $581,956, down 1.8% from a year ago. Homes are moving fast at 12 days on market - a strong seller's market. 21% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$581,956
-1.8% vs. year ago
Median sale price
$566,274
-0.8% YoY
Median list price
$611,497
Sale-to-list ratio
99.2%
Selling below ask
Days on market
12d
Listings w/ price cut
20.8%
New listings / mo
2,407
+-0.0% YoY
Homes for sale
5,599
-1.0% YoY
Typical rent
$2,258/mo
+1.8% YoY
Context

How to read this data

The typical home value ($581,956) is the Zillow Home Value Index for the Sacramento - CA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are down 1.8% over the past year. A home worth $592,623 last year is now worth roughly $581,956.

The median sale price , what homes actually close for , is $566,274. Homes are selling at 99.2% of list price, meaning buyers have room to negotiate.

Homes listed in Sacramento - CA sit on the market for roughly 12 days before going pending. Shorter = seller's market; longer = buyer's market.

About 20.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 2,407 new listings hit the market each month in Sacramento - CA. There are currently 5,599 homes for sale, down 1.0% from a year ago.

The typical monthly rent in Sacramento - CA is $2,258, up 1.8% year over year. For investors, the price-to-rent ratio here is roughly 21x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Covered Home Repairs
Related

Other metros in CA

MetroHome value1-yr changeDays on market
Los Angeles - CA$969,589 +-0.0% 19.0d
San Francisco - CA$1,145,541 -1.5% 14.0d
Riverside - CA$586,623 -1.1% 26.0d
San Diego - CA$943,055 -1.5% 16.0d
San Jose - CA$1,627,300 -1.6% 12.0d
Fresno - CA$409,800 +0.9% 19.0d
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