49 new real estate properties in Sacramento, California have been added to Ofirio in the last 7 days.
Of those new properties:
Sacramento, California has a low demand for real estate. This is determined by the difference between the list price and the closed price, which on average is 1% lower than than the list price. The demand for luxury real estate is lower than the demand for “Under $200k” real estate by 4%. Homes in Sacramento, California are on the market for 73 days, on average among all of our listings.
This week the following real estate properties became available for sale:
The biggest change in price is in the 4 Beds segment and it is 72% ($239,598) more than the week prior.
The average closing price for real estate in Sacramento California has fallen by 12% from the last week, which amounted to $579,409.
As of January 2023 Sacramento, CA is a seller market which means homes sell faster at a higher price. In January 2023, 2 homes (66.7%) sold at asking price, 1 homes (33.3%) sold below asking price, and 0 homes (0.0%) were sold above asking price. If purchasing a home there is little room to negotiate the price.
The median home price increased by 17.8% from $365,000 in January 2022 to $430,000 in January 2023. The number of homes sold in Sacramento, CA has decreased by 88.2% over the last year from 17 in January 2022 to 2 homes in January 2023.
Homes in Sacramento, CA have sold for 12.3% more per ft² than they did a year ago. As of January 2023 the average price per square foot is $338.
Nobody has a crystal ball to predict what the prices for homes for sale in Sacramento, California, will look like. That being said, here are some useful indicators that show how Sacramento CA real estate is behaving now:
According to Ofirio, as of December 2022 the Sacramento housing market was somewhat competitive. Homes received two offers on average and sold in 32 days. Like many areas around the nation, Sacramento real estate home prices were down 5.8% since the past year at an average sale price of $440K. However, housing prices were up from the mid $300K’s in December 2020. An Ofirio agent can provide more detailed information about current real estate market trends in Sacramento.
Popular neighborhoods in Sacramento include:
It is a good idea to visit homes for sale in the Sacramento neighborhoods you are interested in, talk to people who live there, and consult with a local Ofirio real estate agent to find out about local housing trends.
Sacramento real estate is located in the capital of California, is the center of the state's government and politics. The city has a relatively low cost of living compared to other major California cities, and it offers a wide range of cultural and recreational activities.
Sacramento has a growing job market and a diverse population with a rich history and a variety of neighborhoods to choose from. Like any city, Sacramento also has downsides such as traffic congestion, air pollution and high crime rates in some areas.
The cost of living in Sacramento is generally lower than in many other major California cities such as San Francisco and Los Angeles. However, it is still relatively high compared to many other cities in the United States. The median home price in Sacramento is around $350,000 and rent for a one-bedroom apartment in the city center can range from $1,200 to $1,800 per month. Grocery and utility costs are also lower than in many other major California cities.
While Sacramento has higher crime rates compared to some other parts of California, there are many safe areas. Some of the safest neighborhoods in Sacramento include:
Some of the special things about Sacramento include:
Sacramento, the capital of California, is known for its rich history and diverse culture. The city also offers a variety of cultural, recreational and educational opportunities with many museums, parks, and universities, as well as a growing arts and music scene. As the "Farm-to-Fork Capital of America" it has an abundance of fresh, locally grown produce and an emphasis on sourcing ingredients from local farms and producers.
The California State Capitol is the home of the state government and is open to the public for tours. The American River that runs through the city offers recreational activities such as boating, fishing, and biking. Old Sacramento offers a glimpse into Sacramento's past as a major center of the famed California Gold Rush. The Golden 1 Center, home of the Sacramento Kings basketball team, hosts concerts, shows and other events in addition to basketball games.