Sun City Roseville CA Real Estate Market 2021 vs 2022
After writing my last 2022 Roseville CA real estate market update that focused on how many houses are on the market now compared to last year, I decided to do a bit more digging. Now I was looking for how are the prices doing compared to last year and are there any changes to days on market.
I started with my (and many of my clients') favorite – Sun City Roseville – and I looked at the past 3 months in 2022 vs the same 3 months in 2021.
Sun City Roseville Real Estate Market 3/7 – 6/7/2022
91 homes closed, pending, and active between March 7 and June 7
To be more specific:
- 3 are temporarily or permanently off market
- 10 pending (In escrow process)
- 14 active
- 64 sold
These homes ranged from::
- a 964 square foot 1 bedroom on a .09 lot on up to a 4 bed 3 bath with 2665 square feet on a .28 lot.
- Median square footage was 1547
- Closed prices ranged from 460,000 on up to $1,150,000 with the median at 632,500 and the average at 653,204.
- Average price per square foot sold was $400.01
- Days on market average was 9 and median was 6 and max was 60, minimum 0
This is for a 3 month period. I then compared the DOM – Days on Market (til it goes into escrow)
- March, all were single digit numbers except for 11, 12, 22, 12
- April – single digit except for 15, 21, 38, 17
- May – single digit except for 19, 12, 35*, 28*, 12, 11, 17*,12*,22,11*,55*, 60**
- June – 19, 12, 12**,13, 47,18,12,13
* Currently active
* ** on hold or canceled
Now, let’s check last year for the same time period.
Sun City Roseville Real Estate Market 3/7 – 6/7/2021
I can’t compare the actives and the pending. But for the closed, holds, cancelled, and expired (if any) between 3/7/21 – 6/7/21 there were a total of 61 canceled, expired, hold and sold.
Of these homes –
- 4 canceled
- 57 closed so fairly close to 2022.
These homes ranged from
- 2 bed, 1,102 sq ft on a .10 acre lot to 3 bedroom 4 bathroom 2619 sq ft on .24 acre lot
- Median sq footage was 1618 square feet.
- Closed prices ranged from $420,000 to $820,000 with a median of $555,375 and an average of $540,000
- Average price per square foot sold – $338.14
- Days on average was 6 and median was 4, max was 36 and least was 0
Again for this 3 month period, I set the 61 homes in order by date and compared the DOM – Days on Market (til it goes into escrow)
- March – no double digits
- April – all single digit except for 31, 36, 32**
- May – all single digit except for 22, 22, 18, 12, 17**, 10**
- June – all single digit except 10
* Currently active
** on hold, expired, or canceled
Comparing 2021 and 2022 in Sun City Roseville Real Estate
In Sun City Roseville, we are definitely seeing more homes sitting longer. Now mind you, I am not comparing quality of homes or lots or surrounding areas (i.e. golf homes vs. non-golf homes) and I don’t know the stories for each house. Sometimes they are more in need of fixing or repairing. Sometimes they have seller requests that are less popular. etc.) Still and all, we are seeing some interesting changes.
Now I wanted to take a look at a traditional residential area – so I went to Citrus Heights – another favorite of many of my clients.
Citrus Heights CA Real Estate Market 2021 vs 2022
For Citrus Heights I set the search for residential, single family homes, condos, and townhomes, 2-3 bedrooms, 1-2 bathrooms, max of .28 acres, and 1 or more garage space (in case you are wondering, yes! I did use specs that encompass what I currently have various clients looking for 😊.
Citrus Heights Real Estate Market 3/7 – 6/7/2022
For this search there are 237 homes that popped up. Of those,
- 19 hold or canceled
- 38 pending
- 32 active
- 148 sold/closed
These homes ranged from::
- 800 square foot 2 bedroom 1 bath on 0 acres lot (for the most part, the 0 acres were condos, with one exception where the form just wasn't filled out correctly) on up to a 3 bed 2 bath with 1887 square feet on a .27 acre lot.
- Median square footage was 1329
- Closed prices ranged from $337,500 on up to $580,000 with the median at $489,000 and the average at $479,171
- Average price per square foot sold was $372.02
- Days on market average was 14 and median was 7 and max was 149 (WOW!), minimum 0.
- I did a quick review and found that most of the long days on market were either condominiums (common) or new construction homes (not uncommon for them either, depending on when they actually put it on the mls).
All homes sold in Citrus Heights 3/7 – 6/7/2022- of all sizes and prices
- Population 87,402 (census estimate July 2021)
- Closed – 353
- Median price per square foot = 343.25
- Average price per square foot = 346.32
- Square feet – average – 1,488
- Square feet – median – 1,429
- Square feet range – 795 – 3,104
- Price range = $210,000 – $1,050,000
- Average price = $504,919
- Median Price = $510,000
Citrus Heights Real Estate Market 3/7 – 6/7/2021
Again, I can’t compare the actives and the pendings. But for the closed, holds, cancelled, and expired (if any) between 3/7/21 – 6/7/21 there were a total of 178 closed, canceled, expired, hold
Of these homes –
- 10 canceled, hold, expired
- 168 closed
These homes ranged from
- 1 bed, 1 bath, 772 sq ft on a .03 acre lot to 3 bedroom 2 bathroom 2020 sq ft on .26 acre lot
- Median square footage was 1317 square feet
- Closed prices ranged from $280,000 to $575,000 with a median of $428,500 and an average of $424,336
- Average price per square foot sold – $325.01
- Days on average was 7 and median was 6, max was 52 and least was 0
Comparing 2021 and 2022 in Citrus Heights Real Estate
In Citrus Heights, house prices have gone up as well. Fewer homes sold in 2022 than 2021 tho not by a huge amount. Again, I am not comparing quality of homes or lots or surrounding areas (ie gated vs non-gated) and I don’t know the stories for each house. Sometimes they are more in need of fixing or repairing. Sometimes they have seller requests that are less popular. etc.) But once again, we are seeing some interesting changes.
Now I'm rather curious about my own city as a whole. This one will include the figures from Sun City Roseville and I'll be using different criteria from Citrus Heights. Off on one last bit of digging…
Roseville CA Real Estate Market 2021 vs 2022
For this search, I looked at the same two time periods, single family homes, $600,000 and up, 3 – 4 bedroom 2 – 4 bath., 2 or more car garage, 1800 or more square feet, max of .20 acres.
Roseville Real Estate Market 3/7 – 6/7/2022
426 homes closed, pending, and active between March 7 and June 7, 2022
To be more specific:
- 27 hold or canceled or expired
- 87 pending
- 102 active
- 210 sold
These homes ranged from::
- a 2 (3) bedroom, 2 bath, 1818 square feet, on a .05 lot on up to a 4 bed 4 bath with 4,052 square feet on a .20 lot.
- Median square footage was 2,217
- Closed prices ranged from 600,000 on up to $1,125,000 with the median at 728,194 and the average at 739,909
- Average price per square foot sold was $325.98
- Days on market average was 20 and median was 12 and max was 189, minimum 0
All homes sold in Roseville 3/7 – 6/7/2022- of all sizes and prices –
- Population 151,901 (census estimate July 2021)
- Closed – 672
- Median price per square foot = 354.13
- Average price per square foot = 358.91
- Square feet – average – 2,067
- Square feet – median – 1,974
- Square feet range – 714 – 4860
- Price range = $180,000 – $2,050,000
- Average price = $711,798
- Median Price = $675,000
Now, let’s check last year for the same time period.
Roseville Real Estate Market 3/7 – 6/7/2021
For the closed, holds, cancelled, and expired (if any) between 3/7/21 – 6/7/21 there were153.
Of these homes –
- 9 canceled, expired, holds
- 144 closed
These homes ranged from
- 2(3) bed, 2 bath, 1811 sq ft on a .08 acre lot to 4 bedroom 4 bathroom 3700 sq ft on .20 acre lot
- Median square footage was 2362 square feet.
- Closed prices ranged from $600,000 to $940,000 with a median of $665,000 and an average of $681,515.
- Average price per square foot sold – $284.91
- Days on average was 7 and median was 5, max was 34 and least was 0
Comparing 2021 and 2022 Roseville CA Real Estate Market
Again, we are now seeing homes sit longer, but still seeing them selling higher. With at least two more interest rate hikes expected in the next month or so, it will be interesting to watch what happens – and redo this in a couple of months. What are your takeaways on all this? We'd love to hear!
More info on the 2022 real estate market for our Sacramento in general by one of our top appraisers, who states “The housing market has shifted.”
In the meantime, if you are in a good spot and happy, with a low-interest loan, I would personally stay put. But if you are dealing with issues from the California foreclosure moratorium, with prices still high and homes still selling well, you should hopefully be able to pay off your loan but you need to get going now! It does take a while to sell a house and as more interest rate hikes happen, that while will likely grow longer.
Same thing for those dealing with health issues for yourself or a beloved elderly or other loved one. Take good advantage of the equity you likely have in the house and put it to work for you now while you still can.
If you have questions, do give me a call at 916-768-0127 or email me at KayeSwainRE@gmail.com and let's chat.
