Weekly Elk Grove real estate market update

Here is the latest Elk Grove real estate market trends for the week of October 1st –          

41 new SOLD and closed listings in the 3 zip codes of Elk Grove (95624, 95757 and 95758) with the median sales price being $215,000 and the average days on the market being 40 days!

50 new listings hit the market in Elk Grove CA last week.

And 94 listings went pending!

We still have under a 1 month supply of inventory on the market in the Elk Grove area making this a seller’s market now.  We put a home on the market a week ago and in 3 days we had 7 offers…we priced the home at the last sale price of the model match that had closed 2 months before and the home went pending for $13,000 over the list price!

Currently we have only 20 REO or bank owned listings are on the market in Elk Grove.  Last year at this time we had over 70 REO properties on the market in the Elk Grove area, so you can see just how drastic the market has changed!

If you have been thinking about selling your Elk Grove home, contact us now at (916) 405-5737 while inventory is low!  Get your home value online now!

Get Your Home Value NOW! Elk Grove Home Values
Use our quick and easy site to get an instant value for your home! For a more accurate value, or to talk about getting your home on the market, give us a call at 916-405-5737 today!
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