Sacramento County Real Estate Market Update - January 2024


Sacramento County Real Estate Market Update - January 2024

Sacramento County Real Estate Market Update - January 2024

As we step into the new year, it's time to take a look at the real estate market trends in Sacramento County for January 2024. Known for its diverse property market and attractive investment opportunities, Sacramento County has some interesting dynamics to explore.

New Listings

January 2024 saw a total of 47 new listings in Sacramento County. This number indicates the confidence of sellers in the market and provides potential buyers with a fresh array of options to consider.

Active Listings

The active listings for the month stood at 64. This figure demonstrates a steady inventory level, offering a range of choices for prospective buyers interested in the Sacramento County real estate market.

Pending and Closed Sales

Pending sales for January were recorded at 26, indicating a healthy demand for properties in the region. Furthermore, the number of closed sales was slightly higher, totaling 27. These figures highlight the active nature of the Sacramento County real estate market, suggesting a steady stream of transactions.

Closed Transaction Volume

The closed transaction volume for the month was $25,628,958. This significant figure underscores the substantial value being exchanged in the Sacramento County real estate market, reflecting consistent investment activity in the area.

Average Days on Market

The average number of days properties spent on the market in January was 50. This period suggests that properties are selling at a measured pace, indicative of a balanced market that benefits both buyers and sellers.

Median Sales Price

Lastly, the median sales price for January 2024 was $415,0001. This price point, while slightly higher than the previous year's median list price2, suggests a balanced market with a mix of both luxury and more affordable properties. It's a useful benchmark for potential buyers and sellers to understand the overall market conditions.

In conclusion, Sacramento County's real estate market began 2024 with steady performance across all key indicators. With a consistent number of new and active listings, solid sales activity, notable transaction volume, and a balanced median sales price, it continues to prove itself as a viable and dynamic real estate market.

Please note that these statistics are based on the data available at the time of writing this blog and could be subject to change. For more accurate and up-to-date information, it is always recommended to consult with a local real estate professional.

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