The Current Median Sales Price in the Sacramento Housing Market: A Comprehensive Analysis
As the Sacramento housing market continues to evolve, it's essential to stay informed about the current median sales price. In this article, we'll provide a comprehensive analysis of the median sales price in Sacramento, including the top 5 zip codes with the highest median sales prices and the forecast for the second half of 2024.
What is the Current Median Sales Price in the Sacramento Housing Market?
The current median sales price in the Sacramento housing market varies by zip code. According to the data, the median sales prices for Sacramento zip codes range from $341,000 to $2,195,000. The top 5 zip codes with the highest median sales prices in Sacramento are:
95837: $2,195,000
95830: $1,081,000
95819: $785,000
95818: $782,500
95864: $775,000
The lowest median sales price in Sacramento is $341,000, found in zip code 95825.
Forecast for the Sacramento Real Estate Market in the Second Half of 2024
The forecast for the Sacramento real estate market in the second half of 2024 is based on the analysis of the provided data. Here are some key insights and projections:
Median Sales Price:
The median sales price in Sacramento is expected to continue to rise in the second half of 2024, with some zip codes seeing significant increases.
Change in Median Close Price:
The change in median close price over April 2024 ranges from -28.77% to 62.46%, with a mean of 4.5%. The top 5 zip codes with the highest positive change are:
95814: 62.46%
95811: 24.19%
95831: 32.77%
95821: 8.19%
95820: 0.24%
Total Sales:
The total sales in Sacramento are expected to increase in the second half of 2024, with some zip codes seeing significant increases. The top 5 zip codes with the highest total sales are:
95757: 62
95630: 75
95835: 44
95823: 39
95822: 36
Average Price per Square Foot:
The average price per square foot in Sacramento is expected to continue to rise in the second half of 2024, with some zip codes seeing significant increases. The top 5 zip codes with the highest average price per square foot are:
95837: $641.63
95830: $422.43
95819: $592.05
95818: $537.90
95817: $480.70
The Sacramento real estate market is expected to continue to grow in the second half of 2024, with rising median sales prices, increasing total sales, and growing average prices per square foot. However, the market may experience some fluctuations due to various economic and demographic factors.
Get Your Free Sacramento Housing Market Analysis by Zip Code 2024 Report
Want to dive deeper into the Sacramento housing market and make informed decisions? Download our FREE Sacramento Housing Market Analysis by Zip Code 2024 report, which comprehensively analyzes the Sacramento real estate market, including trends, prices, and forecasts for each zip code.