Category Archives: Elk Grove Market Trends

Average Price in Elk Grove for Listed and Sold Homes

Average Price in Elk Grove for Listed and Sold Homes

The Average For Sale Price is Depreciating*
The Average For Sale Price in Elk Grove in August was $548,000, up 9.2% from
$502,000 in August of 2016 and down 5.5% from $580,000 last month.

The Average Sold Price is Neutral*
The Average Sold Price in Elk Grove in August was $429,000, up 14.7% from
$374,000 in August of 2016 and the same as last month.

The Median Sold Price is Neutral*
The Median Sold Price in Elk Grove in August was $414,000, up 14% from $363,000 in August of 2016 and up 1.5% from $408,000 last month.

* Based on 6 month trend – Appreciating/Depreciating/Neutral

 

 

 

 

 

 

 

 

 

All reports are published August 2017, based on data available at the end of July 2017, except for the today stats. All reports presented are based on data supplied by the MetroList MLS. The MetroList MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the MetroList MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

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The Days on Market in Elk Grove Shows Neutral Trend

The Days on Market in Elk Grove Shows Neutral Trend

The average Days on Market in Elk Grove (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for August 2017 was 18, up 28.6% from 14 days last month and down 25% from 24 days in August of last year.

The Sold/Original List Price Ratio Remains Steady**
The Sold Price vs. Original List Price in Elk Grove reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. This month Sold Price vs. Original List Price of 100% is down 1% % from last month and up from 1% % in August of last year.
* Based on 6 month trend – Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady

 

 

 

 

 

 

 

All info from Metrolist

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