How Is Our Roseville Area Real Estate Market Mid-2023
Welcome to my May 2023 real estate market in Roseville CA area update! Of course, I am writing this during the first week of June since real estate statistics are generally focused on the previous month. That way all the numbers for the month are fully entered.
This week we have been thoroughly enjoying cooler temperatures and a bit of rain over the last 2-3 nights as we approach the end of spring and the beginning of summer. It's definitely been a busy spring for me. But still, there are questions. Has it been as busy in real estate as last spring? How about Spring of 2019? How are the prices doing now? Are more buyers paying over, under, or right at the list prices?
Let's dive in and check it out with a few of our area cities!
May 2023 Real Estate Market In Roseville CA
Present
According to Metrolist MLS, there are currently 207 homes for sale in Roseville right now as of June 8, 2023.
694 homes sold in Roseville CA from January 1, 2023 – May 31, 2023.
22 Homes decreased in price in the last 7 days
6 Homes increased in price in the last 7 days
Looking Back
674 homes sold in Roseville CA from January 1, 2019 – May 31, 2019! Very close! And very encouraging for both home sellers and home buyers!
Roseville May 2023 Stats
In the month of May, 2023, 162 homes sold in Roseville CA. Of the homes that sold, the prices ranged from $310,000 to $2,188,000 and there were 8 homes over 1 million dollars! Overall, the median price of homes was $649,136. The days on market ranged from 0 – 334, with the median being 12 and the average being 44.
Of the homes that closed – 59 sold for less than the asking price, 32 sold for the asking price, and 71 sold for over the asking price.
May 2023 Real Estate Market In Rocklin CA
Present
According to Metrolist MLS, there are currently 92 homes for sale in Rocklin right now, as of June 8, 2023. 289 homes sold in Rocklin CA from January 1, 2023 – May 31, 2023.
Looking Back
411 homes sold in Rocklin CA from January 1, 2019 – May 31, 2019
Rocklin May 2023 Stats
- According to Metrolist MLS, 61 homes sold in Rocklin CA from May 1, 2023 – May 31, 2023.
- Of the homes that sold, the prices ranged from $257,151 to $1,725,000 with a median price of $660,000.
- The days on market ranged from 1-205, with the median being 10 and the average being 23.
- Of the homes that closed – 28 sold for less than the asking price, 9 sold for the asking price, and 24 sold for over the asking price.
Sun City Roseville 55+ Retirement Homes
Sun City Roseville is the largest 55+ retirement community in Roseville CA and it does NOT have a Mello Roos tax. It also has one of the two lowest HOA dues of all of our Roseville CA area 55+ communities. (Sun City Lincoln is the other lowest). Sun City Roseville has two swimming pools – one is a heated pool indoors that is normally open year round. The other is an outdoor pool that is only open a few months each year. And there are many great activity options including two golf courses, pickleball and tennis, arts and crafts, music, group tours and more!
Real Estate Market In Sun City Roseville CA
Present
15 Homes for sale in Sun City Roseville CA as of June 8, 2023 ranging from $475,000 – $699,999. 71 homes sold in Sun City Roseville CA from January 1, 2023 – May 31, 2023.
Looking Back
97 homes sold in Sun City Roseville CA from January 1, 2019 – May 31, 2019
Sun City Roseville Stats May 2023
- Homes Closed in May 2023 – 14
- Median square feet – 1618 / Average square feet – 1643
- Median closed price May 2023 – $549,500 / Average closed price – $561,175
- Median days on market – 10 / Average days on market 31
- 6 homes sold for under asking – ranging from $530,000-$599,900 under
- 2 homes sold for asking price – ranging from $489,000-$689,950
- 6 homes sold for over asking price, ranging from $450,000-$715,000
- 1 home decreased in price over the past 7 days
- 0 homes increased in price over the last 7 days
The Silverado Homes at Eskaton Village
The Silverado Homes at Eskaton Village is one of the smallest 55+ retirement communities in our area. It is gated. It has a very small Mello Roos tax. It does have larger HOA dues than most but, other than the air conditioner / heater, it covers all of the outside of the building including the roof (as long as no one has added solar to it), walls, all outside maintenance plus it offers several other great options for senior citizens. It has one swimming pool which is indoors and heated, along with a lodge, various activities, and more.
Real Estate Market In Silverado Homes at Eskaton Village
Present
8 Homes for sale in the Silverado Homes at Eskaton Village as of June 8, 2023, ranging from $439,950 – $555,000. There have been 6 homes sold in the Silverado Homes at Eskaton Village from January 1, 2023 – May 31, 2023.
Past
10 homes sold in the Silverado Homes at Eskaton Village from January 1, 2019 – May 31, 2019.
Silverado Homes Stats May 2023
- Homes Closed in May 2023 – 0
- Median square feet – 1,475/ Average square feet – 1,605
- Median closed price May 2023 – $512,500 / Average closed price – $506,667
- Median days on market – 27 / Average days on market 32
- 4 homes sold for under asking – ranging from $440,000-$570,000 under
- 1 home sold for asking price $475,000
- 1 home sold for over asking price $450,000
Mortgage Rates Via Freddie Mac's weekly PMMS® Data
Last week's rates
BOTTOM LINE For May 2023 Real Estate Market in Our Roseville CA Area
While I didn't notice any overwhelming differences, I do see that Rocklin sold over 100 more houses in 2019 than 2023. While Roseville has sold 20 more this year. Then again, both of the communities have many brand new construction homes on the market. Most of those homes never go on the MLS. They usually just put 1-2 on the mls. So that can skew the numbers a bit. And still and all, we are definitely staying about as busy as 2019. Great news!
And right now, people are holding their breath to see what the Feds will do in the upcoming meeting. Many think they will pause the increases, while others are sure they will raise them. Only time will tell. But the in the meantime – happy news – they are down a bit from last week!
If YOU need to buy or sell or both, do give me a call. I'd love to take good care of you and your real estate needs! 916-768-0127 or KayeSwainRE@gmail.com – And to sign up for my free newsletter, with info about our Roseville area, including fun holiday events, great options for recycling, and so much more – just go to KayeSwain.com/newsletters. And if you prefer snail mail with cute cards and shorter updates, email me at KayeSwainRE@gmail.com and ask to be put on my cards list. 😊
Have a lovely week!
Curious about the difference between an average price and the median price? There's a great explanation at the Center for Real Estate at Wichita State University. Basically, “average and median are both measures of ‘central tendency,' in that they are intended to provide some indication of a typical or middle value of a set of data. The average is calculated by adding up all of the individual values and dividing this total by the number of observations. The median is calculated by taking the ‘middle' value, the value for which half of the observations are larger and half are smaller. When there is a possibility of extreme values, the median is generally the better measure to use.” And with all the extremes we are seeing in our area, THAT's why I generally use the median, although occasionally – like today – I will use the average as well. 😀
Click here for their great example.
All reports and info presented are based on data supplied by the MetroList MLS. The MetroList MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the MetroList MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
