Elk Grove Real Estate Market Update

September, 2005

The real estate market in Elk Grove for September 2005 has slowed somewhat, with with 235 total residential units sold as against 304 units sold in August 2005, and 300 units in September, 2004. Homes took 28 days on average to sell, up from last September's 21 days. Over two thirds (69.36%) of homes sold in September in Elk Grove sold within their first 30 days on the market.

The average sale price for September was $470,481, reprenting 99.7% of the average list price of $472,053. The median sale price was $439,900. Compared to the same period last year, homes were up 19.7%, but adjusted for the larger average square footage of homes sold this year, the increase was 16.8%. Last September the average home sold for 393,289, or 99.8% of list, and the median sale price was $371,500.

Inventory as of 10/03/05 was 235 residential units, or 3.8 months of inventory based on last month's unit sales volume.

More Market Updates:

November, 2005
October, 2005
September, 2005
August, 2005
July, 2005
June, 2005
May, 2005

2005 Price History