Sacramento Real Estate Market Update - December 2024

December 2024 marked an active conclusion to the year for Sacramento's real estate market. Known for its blend of affordability and accessibility, Sacramento continues to attract buyers looking for a great balance of quality housing options and welcoming neighborhoods. Here's an in-depth look at the market's December performance and what it means for buyers and sellers as we head into 2025.

New and Active Listings

Last month, the market saw 59 new listings, adding fresh inventory for buyers to consider. While December typically brings a seasonal slowdown in new listings, this number shows the market continues to present opportunities for those looking to make a move. Total active listings ended the month at 114, showcasing a range of options across various neighborhoods and budgets.

For sellers, the relatively low inventory provides an advantage. With fewer homes competing for attention, well-presented properties that are priced right will likely draw serious interest.

Pending and Closed Sales

December 2024 saw continued buyer engagement, with 38 pending sales signaling steady interest despite the typically slower holiday season. Meanwhile, closed sales climbed to 47, showing that motivated buyers were eager to finalize purchases before the year-end. These figures highlight Sacramento's ability to maintain activity even during periods traditionally considered quieter for real estate.

Closed Transaction Volume

The month's closed transaction volume reached $45,978,360, a notable reflection of Sacramento's consistent role as an economic hub in Northern California. This sizeable figure underscores not only the value exchanged within the market but also the area's appeal to buyers and investors alike who see Sacramento as a stable and rewarding market.

Average Days on Market

Homes spent an average of 30 days on the market in December. While slightly longer than the previous month's average, this timeframe still reflects a healthy demand for properties. A month of market time allows buyers enough room to explore options while confirming that sellers who price effectively can still anticipate a relatively quick sale.

Median Sales Price

The median sales price for December stood at $495,000, representing a slight adjustment from November's figure. This price point continues to position Sacramento as a highly competitive option for buyers seeking more affordable housing compared to other California cities. At the same time, it offers sellers the chance to benefit from steadily appreciating market values.

Market Implications

The Sacramento real estate market in December 2024 has sustained its balanced momentum, even as the year-end holiday season traditionally slows activity in other regions. With modest but steady new inventory, ongoing pending and closed sales, and a competitive median price, Sacramento remains a standout location for real estate enthusiasts.

For buyers, the current statistics represent a great opportunity to purchase a property at a fair price point, particularly as new inventory continues to roll in. Acting with agility will be important, given that properties are moving within a month on average.

Sellers, on the other hand, find themselves in a market that rewards accurate pricing and thoughtful presentation. With fewer competing listings, properly marketed homes are positioned to stand out to buyers looking to close on homes quickly.

Looking Ahead

As we move into 2025, Sacramento’s market shows every sign of continuing to serve as a stable and appealing housing market for buyers and sellers alike. The groundwork laid by December 2024 places the city in an excellent position for the coming year, with its affordability and livability continuing to be key drives for its success.

Whether you're considering buying, selling, or simply keeping an eye on market trends in Sacramento, staying informed and consulting local experts will help you make the most out of the opportunities ahead. Sacramento’s future in real estate looks bright, and the December 2024 market stats reinforce its status as a growing and thriving community for all.