Sacramento County Real Estate Market Update - April 2024

April 2024 brought notable activity to the real estate market in Sacramento County, a region known for its affordability and tranquil residential options. From suburban homes to rural retreats, Sacramento County offers a diverse range of properties that appeal to a broad spectrum of buyers and investors.

New Listings

In April 2024, Sacramento County welcomed 45 new listings onto the market, indicating a steady flow of properties for potential buyers to explore. This increase in new listings provides fresh opportunities for those looking to make a move in the market, offering a variety of housing options.

Active Listings

With 65 active listings available, Sacramento County maintained a balanced inventory level, providing a range of choices for prospective buyers. This inventory diversity ensures that there are options available across different neighborhoods and price points, catering to various preferences and needs.

Pending and Closed Sales

During April, there were 32 pending sales, showing ongoing buyer interest and market activity. Additionally, 27 closed sales were recorded, reflecting the market's capability to transform interest into successful transactions.

Closed Transaction Volume

The total transaction volume for closed sales reached 54, underlining the value exchanged within the Sacramento County real estate market during April 2024. This figure signifies significant economic activity and investment within the region, contributing to its appeal for buyers and investors alike.

Average Days on Market

Properties in Sacramento County spent an average of 23 days on the market before being sold. This swift turnover rate suggests a market where properties are in demand, and buyers are actively engaging with available listings, creating a dynamic marketplace.

Median Sales Price

In April 2024, the median sales price in Sacramento County was $470,000, serving as a crucial indicator of property values in the region. This median price point provides valuable insight for both buyers and sellers, helping them understand the prevailing market conditions and pricing trends.

In summary, the real estate market in Sacramento County during April 2024 demonstrated steady activity and positive trends across key metrics. With a steady flow of new listings, a balanced inventory level, ongoing sales activity, considerable transaction volume, quick time on the market, and a stable median sales price, Sacramento County continues to offer a diverse and attractive real estate landscape.

For individuals considering entering the Sacramento County real estate market, staying informed about these trends and seeking advice from local experts can provide valuable guidance for navigating this evolving and promising market.