Elk Grove Real Estate Market Update

October, 2005

Elk Grove's October 2005 real estate market continued to perform well relative to much of Sacramento, El Dorado, and Placer Counties. Prices continued to increase as they have steadily in recent months, though we can see some signs of slowing from the heyday of last year. In October, 219 single family residential homes were sold, down from 235 in September and 266 at the same time last year. Average days on the market were 37, down from 23 at the same time last year.

The average home sold in October for $490,452, reprenting 99.0% of the average list price of $495,289. The median sale price was $445,000. Compared to the same period last year, sale prices were up 21.4%, but adjusted for the larger average square footage of homes sold this year, the increase was 16.2%. Last October the average home sold for $403,954, and the median sale price was $388,750.

Inventory as of November 2 was 977 residential units, or 4.5 months of inventory based on last month's unit sales volume. This month's inventory figure is up from last month's number of 3.5 months of inventory.

More Market Updates:

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

2005 Price History