November December 2022 Real Estate Market in Roseville CA Area

Happy New Year 2023!

Welcome to my November December 2022 real estate market in Roseville CA area! Yes, we are already into the 2023 year. But real estate is always a month behind. And during the holidays, when things were slow in real estate and I was swamped with updates for clients, preparing for holiday celebrations and enjoying those celebrations, I chose to combine the two most holiday-ish months of November and December. 😀🦃🎄

Currently, we are thoroughly enjoying the rain we so appreciate getting since we are in the midst of a drought, though hoping much that the next round doesn't cause more flooding for those living south of Sacramento! As I have happily let a few friends and relatives know when they called to see if we were ok in Roseville – YES, we are doing well in our neck of the woods. This is due, in large part, to Roseville's proactively doing such a great job of staying ahead of the issue, as their article “Flood Facts” can attest to. KUDOS to the great leadership over the years that led to that! Yet another reason I LOVE Roseville CA! And speaking of rain – isn't this lovely? One of my favorite views each year from about mid-fall to mid-spring as the rains make us smile. Makes all our cute critters including ducks, egrets, and geese smile too.

Placer and Sacramento Counties Stats For November December 2022 Real Estate Market

As I mentioned last month, we are looking at all single family homes in Placer and Sacramento County real estate, as well as a handful of cities in those counties including, of course, the real estate market for my beloved city of Roseville CA. I also like to check in on info for each of our two Del Webb Sun City 55+ golf retirement communities in the area – specifically in Roseville and Lincoln. And let me tell you, there is GREAT news for BOTH buyers AND sellers throughout that I fully explain in my Bottom Line at the end of this post! (Prefer to read the end first – I always do! If so, click here!) 😀

This month I am also including, by special request, some statistics for one of our great Roseville neighborhoods in the area around Misty Wood which is home to our Pleasant Grove neighborhood association. 🙂

November 2022 Real Estate Market in Placer County

According to Metrolist MLS, 350 Placer County homes for sale closed in the time period from November 1, 2022 – November 30, 2022.

Of the homes that sold, the sold prices ranged from $150,000 to $2,300,000 with a median price of $612,833. The days on market ranged from 1 – 239, with the median being 32.

Of the homes that sold – 215 sold for less than the asking price, 67 sold for the asking price, and 68 sold for over the asking price.

December 2022 Real Estate Market in Placer County

According to Metrolist MLS, 308 Placer County homes for sale closed between December 1, 2022 – December 31 2022.

Of the homes that sold, the prices ranged from $194,950 to $4,747,000 with a median price of 610,000. The days on market ranged from 0 – 288, with the median being 40.

Of the homes that closed – 185 sold for less than the asking price, 64 sold for the asking price, and 51 sold for over the asking price.

November 2022 Real Estate Market in Sacramento County

According to Metrolist MLS, 881 Sacramento County homes for sale closed between November 1, 2022 – November 30, 2022.

Of the homes that sold, the prices ranged from $100,000 to $1,550,000 with a median price of $490,000. The days on market ranged from 0 – 257, with the median being 28.

Of the homes that closed 474 sold for less than the asking price, 172        sold for the asking price, and 235 sold for over the asking price.

December 2022 Real Estate Market in Sacramento County

According to Metrolist MLS, 880 Sacramento County homes for sale closed between December 1, 2022 – December 31 2022.

Of the homes that sold, the prices ranged from $97,500 to $1,650,000 with a median price of $465,000. The days on market ranged from 0 – 251, with the median being 29.

Of the homes that closed – 457 sold for less than the asking price, 181 sold for the asking price, and 242 sold for over the asking price.

City Stats for the November December 2022 Real Estate Market in Roseville CA area

November 2022 Real Estate Market In Roseville CA in Placer County 

According to Metrolist MLS,  139 Homes for sale in Roseville CA closed between November 1, 2022 – November 30, 2022.

Of the homes that sold, the prices ranged from $242,250 to $1,080,000  with a median price of $595,000. The days on market ranged from  2 – 199, with the median being  29.

Of the homes that closed – 79 sold for less than the asking price, 28 sold for the asking price, and 32 sold for over the asking price.

December 2022 Real Estate Market In Roseville CA in Placer County 

According to Metrolist MLS,  111 Homes for sale in Roseville CA closed between December 1, 2022 – December 31, 2022.

Of the homes that sold, the prices ranged from $295,000  to $1,650,000 with a median price of $600,020. The days on market ranged from  1 – 230, with the median being 36.

Of the homes that closed – 75 sold for less than the asking price, 14 sold for the asking price, and 22 sold for over the asking price.

 

November 2022 Real Estate Market In Rocklin CA in Placer County  

According to Metrolist MLS,  37 Homes for sale in Rocklin CA closed between November 1, 2022 – November 30, 2022.

Of the homes that sold, the prices ranged from $350,000 to $1,150,000  with a median price of $675,000. The days on market ranged from  3 – 107, with the median being 41.

Of the homes that closed –  24 sold for less than the asking price, 7 sold for the asking price, and 6 sold for over the asking price.

December 2022 Real Estate Market In Rocklin CA in Placer County 

According to Metrolist MLS, 51 Homes for sale in Rocklin CA closed between December 1, 2022 – December 31 2022.

Of the homes that sold, the prices ranged from $352,000  to $1,325,000  with a median price of $645,000. The days on market ranged from 2 – 196, with the median being 34.

Of the homes that closed –  30 sold for less than the asking price, 11 sold for the asking price, and 10 sold for over the asking price.

November 2022 Real Estate Market In Lincoln CA in Placer County

According to Metrolist MLS, 77 Homes for sale in Lincoln CA closed between November 1, 2022 – November 30, 2022.

Of the homes that sold, the prices ranged from $399,000 to $1,415,000 with a median price of $605,000. The days on market ranged from 2 – 239, with the median being 30

Of the homes that closed –  42 sold for less than the asking price, 20 sold for the asking price, and 15 sold for over the asking price.

December 2022 Real Estate Market In Lincoln CA in Placer County 

According to Metrolist MLS, 79 Homes for sale in Lincoln CA closed between December 1, 2022 – December 31 2022.

Of the homes that sold, the prices ranged from $668,473  to $2,400,000  with a median price of $601,285.

The days on market ranged from  2 – 288, with the median being 41.

Of the homes that closed –  44 sold for less than the asking price,18 sold for the asking price, and 17 sold for over the asking price.

 

November 2022 Real Estate Market In Citrus Heights CA in Sacramento County

According to Metrolist MLS, 68 Homes for sale in Citrus Heights CA closed between November 1, 2022 – November 30, 2022.

Of the homes that sold, the prices ranged from $205,000  to $689,000   with a median price of $449,950. The days on market ranged from 2 – 202, with the median being 30.

Of the homes that closed –  32 sold for less than the asking price, 14 sold for the asking price, and 22 sold for over the asking price.

December 2022 Real Estate Market In Citrus Heights CA in Sacramento County

According to Metrolist MLS, 62 Homes for sale in Citrus Heights CA closed between December 1, 2022 – December 31 2022.

Of the homes that sold, the prices ranged from $220,000 to $650,000 with a median price of $422,000. The days on market ranged from  1 – 133, with the median being 23.

Of the homes that closed – 26 sold for less than the asking price, 14 sold for the asking price, and 22 sold for over the asking price.

Two of The Many Lovely 55+ Communities in Placer County

The two largest 55+ communities in Placer County are Sun City Roseville and Sun City Lincoln. They are two communities that do NOT have a Mello Roos tax. They have some of the lowest HOAs of all the 55+ communities. They both offer at least 2 swimming pools with at least one pool indoors. Here are their stats for this November December 2022 real estate market in Roseville CA area.

Real Estate Market In Sun City Roseville CA

Currently there are 29 homes for sale in Sun City Roseville CA as of January 4, 2022, ranging from $437,000 – $850,000

November 2022

• 17 Sun City Roseville CA Homes For Sale That Closed November 2022
• Square feet ranged from 1198 – 2362, Median was 1840.
• Closed Prices Ranged from $449,000 – $812,500 
• Median closed price November 2022 – $628,500
• Median days on market ranged from 2-113, with median of 18

• 13 homes sold for under asking – ranging from $900 – $26250 under (2 were greenbelt view homes and 2 were golf homes)
• 3 homes sold for asking price
• 1 home sold for over asking price by $1000

December 2022

• 6 Sun City Roseville CA Homes For Sale That Closed December 2022 
• Square feet ranged from 964 to 2,630, Median was 1,438
• Closed Prices Ranged from 439,000 to $899,000 
• Median closed price December 2022 – $524,950  
• Median days on market ranged from 14-86, with median of 29
  
• 2 homes sold for under asking – ranging from $20,000 – $52,942 under
• 2 homes sold for asking price
• 2 homes sold for over asking price, ranging from 6,100 to $29,073

Real Estate Market In Sun City Lincoln CA

There are currently 41 Lincoln Hills Sun City homes for sale on January 4, 2023.

November 2022

• 23 Lincoln Hills Sun City Homes For Sale that Closed in November 2022
• Square feet ranged from 1020 – 2,955 2,635, Median was 1823.
• Closed Prices Ranged from $455,000 – $1,275,000$1,097,000
• Median closed price November 2022 – $675,000
• Median days on market ranged from 2-149, with median of 28

December 2022 

•  Sun City Lincoln CA Homes Closed December 2022
• Square feet ranged from 1,190 to 2,955, Median was 1,790
• Closed Prices Ranged from 440,000 to $1,097,000
• Median closed price December 2022 – $592,000
• Median days on market ranged from 2-133, with median of 45

By Special Request – Misty Wood Neighborhood in West Roseville 

This small neighborhood, which is part of the Pleasant Grove Neighborhood Association, is a delightful combination of 3 Misty Wood subdivisions. It is part of a very active neighborhood association, has a lovely park, and delightful homes. (I took the photos below a few years ago – and I had heard they have updated the park. So if it looks a bit different, that would be why. But oh my! Look at all the lovely trees!  😀)

 

Currently there are only 2 homes available for sale as of January 4, 2023. Since January 1, 2020, there have been 45 homes sold.

Rather than look only at the November December 2022 Real Estate Market in Roseville CA area numbers for this Misty Wood area, I put together the stats for the past two years.

In the past year, there have been 16 Misty Wood area homes for sale that closed.  Statistics for the homes sold in the Misty Wood Area from December 1, 2022 – December 31 2022 include:

One sold in January for $12,000 under listing. Three sold for listing price. The remaining 12 sold for over the asking price, ranging from $4700 – $109.978 over. That being said, the ones that closed between September and December (once the interest rates had gone up several times) included two at list price and 2 over list price – those two were both about $10,000 over the list price. The biggest sale of the year over the asking was back in April, when there had been only one interest rate increase and it was also the smallest of the interest rate increases (+25) so the interest rates were much lower than they are now.

In 2022, the smallest home sold was 3 bed, the biggest was 5 bedroom and the median was 3 bedrooms.
Size of homes ranged from 1458 – 3288 square feet with median of 2270.
The median lot size was .18 acres.
Closed prices ranged from $575k -$1,109,000 with a median of $705,000.
Days on market ranged from 2- 21 with a median of 6 days on market.

LET'S COMPARE THAT TO 2021

December 2021 Real Estate Market in the Misty Wood Area

 There were 14 homes for sale in the Misty Wood neighborhood that closed in 2021.

Of those, 3 Misty Wood homes for sale closed for under listing price in October, November and June (2 of those had been on the market for 29 days for one and 56 days for the other.) The remaining 11 homes for sale in the Misty Wood area closed for over the asking prices in the months of March, April, June, July, (2 each), September, October, and November (1 each). There were no homes closed in January, February, August, December.

In 2021 the smallest home sold was 3 bed, the biggest was 5 bedroom and the median was 4 bedrooms.
The home sizes ranged from 1458-3772 square feet with a median at 2430 square feet.
The median lot size was .17 acres.
Closed prices ranged from $520,000-975,000 with $657,500 median price.
Days on market ranged from 1 – 56 with median of 5.

BOTTOM LINE For November – December 2022 Real Estate Market in Roseville CA Area

It's definitely been an interesting year, thanks to the interest rate increases which has led to a drastically changed real estate market. And when you look at the various statistics, you also realize that various pockets were impacted less than others, but all were impacted!

According to Ryan Lundquist, one of our area's top appraisers, “So far 51% of pandemic home price gains have been wiped away when looking at the median price.” While that sounds bad, realize that means 49% of the pandemic UNUSUAL and UNIQUE home price gains are STILL THERE! For NOW! SO!

If you need to sell – perhaps you need to downsize due to age or health; or maybe you are being relocated due to work needs; maybe you need to move closer to aging parents OR you are the aging parents (like so many of us boomers and seniors) and want to be closer to your kids and/or grandkids (I was SO GRATEFUL when my parents moved back near me from their beloved Hawaii! As my dad's health continued to decline from Parkinson's – it was the biggest blessing they could have given me AND it gave me the opportunity to be an extra blessing to them! One of the many reasons I am BIG on multigenerational family options 😊!

Whether you need to sell for one of these reasons or something else, you most likely still have great equity gains that you can cash in AND by the time escrow closes and you are ready to buy again – whether here or in another state/area, you will most likely also be able to buy at a great price – a win win for you on both ends of the deals!

For buyers, this is a great time for you as well. I read in The Close (a REALTOR newsletter I get) that “67% of homeowners who sold in August 2022 negotiated with buyers who wanted repairs done (in comparison with 31% in the previous six to 12 months).” Even 31% is HUGE compared to the year before. But notice the 67% is after several interest rate increases.

Not only that – many are finding that sellers may accept MUCH lower house price offers which is definitely referenced in the stats above (and YES! whether the market is going up OR down – I am in this with you to get you the best option and am fine with making offer after offer after offer – including under the asking price offers) til we get you your home! 😊).

Another help for buyers – many sellers are willing to buy down points to provide you with a lower loan payment. Others are MUCH more willing to pay closing costs to help as well. GREAT for many VA loans as well as other types of loans!  AND regarding the closing costs help and the pay down help above as well as the changed prices I mention in the PS below – none of those are reflected in the final prices BUT they are happening often – which means, home prices are actually even lower than it looks like. GREAT NEWS for BUYERS for SURE!

And, of course, if you are looking to sell or buy in our Roseville area, I would love to help you. Just give me a call at 916-768-0127 or email me at KayeSwainRE@gmail.com.  The market may have changed but I am still busy providing free home warranties to buyers, and great photography options and more to sellers. Talk to you soon! 😀

 

 

 

 

 

 

 

P.S.  One caveat on houses selling for over and under the price. The house could have started out quite a bit higher, then lowered their price, then gotten a higher offer than the lowered price. That would be considered over the offer even tho the price is under the actual original price. Generally that is not a big deal. But a neighbor who knows what the original price is might really be wondering. If you are ever wondering about that or anything else, just send me an email and I'll do my best to track down the answer. 😀 KayeSwainRE@gmail.com

P.P.S. Curious about the difference between an average price and the median price which I used above? 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 use the median. 😀

 

 

* All reports are published January 2023, based on data available at the end of December 2022, except for the today’s stats. All reports 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.