October 2022 Real Estate Market in Roseville CA Area Update
I hope y'all had a happy Thanksgiving! And YIKES! Can you believe it's come and GONE! It just seems like time is zooming on to CHRISTMAS and the New Year!
Even in the midst of prepping for and enjoying Thanksgiving, I wanted to be sure we took a look at what's happening with the single family homes that have 0-.25 acres in Placer and Sacramento County real estate, as well as a handful of cities in those counties including the real estate market for Roseville CA. I also like to check in on info for both of our two Sun City 55+ golf retirement communities in Roseville and Lincoln.
Placer and Sacramento Counties
October 2022 Real Estate Market in Placer County
According to Metrolist MLS, 302 homes sold in Placer County from October 1, 2022 – October 31 2022.
Of the homes that sold, the prices ranged from $95,000 to $1,400,000 with a median price of $591,000. The days on market ranged from 1 – 312, with the median being 32.
Of the homes that closed – 174 sold for less than the asking price, 57 sold for the asking price, and 71 sold for over the asking price.
October 2022 Real Estate Market in Sacramento County
According to Metrolist MLS, 870 Homes sold in Sacramento County from October 1, 2022 – October 31 2022.
Of the homes that sold, the prices ranged from $165,000 to $2,00,000 with the median price being $480,000. The days on market ranged from 0 – 199, with the median being 26.
City Stats
October 2022 Real Estate Market In Roseville CA
According to Metrolist MLS, 146 Homes sold in Roseville CA from October 1, 2022 – October 31 2022.
Of the homes that sold, the prices ranged from $305,000 to $979,000 with a median price of $592,000. The days on market ranged from 1 – 228, with the median being 34 days on market.
Of the homes that closed – 65 sold for less than the asking price, 47 sold for the asking price, and 34 sold for over the asking price.
Homes for sale in Roseville CA now!
October 2022 Real Estate Market In Rocklin CA
According to Metrolist MLS, 49 Homes sold in Rocklin CA from October 1, 2022 – October 31 2022.
Of the homes that sold, the prices ranged from $289,809 to $1,490,000 with a median price of $625,000.The days on market ranged from 1 – 101 , with the median being 30.
Homes for sale in Rocklin CA now!
October 2022 Real Estate Market In Lincoln
According to Metrolist MLS, 72 Homes sold in Lincoln CA from October 1, 2022 – October 31 2022.
Of the homes that sold, the prices ranged from $299,000 to $1,100,000 with a median price of $599,450. The days on market ranged from 1 – 312, with the median being 37.
Homes for sale in Lincoln CA now!
October 2022 Real Estate Market In Citrus Heights CA
According to Metrolist MLS, 68 Homes sold in Citrus Heights CA from October 1, 2022 – October 31 2022.
Of the homes that sold, the prices ranged from $229,000 to $650,000 with a median price of $442,500.The days on market ranged from 3 – 139, with the median being 25.
Homes for sale in Citrus Heights CA now!
Three of The Lovely 55+ Communities in Placer County
Lovely walking trails in Roseville CA that go all the way from Heritage Solaire 55 plus to Sun City Roseville to Silverado Homes at Eskaton Village and beyond
October 2022 Real Estate Market In Sun City Roseville CA
29 Homes for sale in Sun City Roseville CA as of November 25, 2022, ranging from $510,000 – $899,000 and sizes ranging from 1,343 sq ft – 2,538 sq ft.
October 2022
- Homes Closed October 2022 – 13
- Median square feet – 1,476
- Median closed price October 2022 – $547,500
- Median days on market – 53
- 7 homes sold for under asking – ranging from $4,000 – $104,000 under.
- 2 homes sold for asking price
- 4 homes sold for over asking price, ranging from $5,000 over to $98,000 over.
October 2021
- Homes Closed – 19
- Median square feet – 1,619
- Median closed price – $585,000
- Median days on market – 5
Homes for sale in Sun City Roseville CA now!
October 2022 Real Estate Market In Silverado Homes at Eskaton Village
5 Homes for sale in Silverado Homes at Eskaton Village as of 11/25/22, ranging from $530,00 – $618,000.
October 2022
- Homes Closed October 2022 – 2
- Median square feet – 1,560
- Median closed price October 2022 – $558,250
- Median days on market – 34
- 2 homes sold for under asking – ranging from $10,000 – $25,000 under
- 0 homes sold for asking price
- 0 homes sold for over asking price
October 2021
- Homes Closed – 4
- Median square feet – 1,509
- Median closed price – $498,500
- Median days on market – 37
Homes for sale in Silverado Homes at Eskaton Village Roseville CA now!
October 2022 Real Estate Market In Sun City Lincoln
59 Homes for sale in Sun City Lincoln CA as of 11/25/22, ranging from $469,900 – $1,580,000
October 2022
- Homes Closed October 2022 – 20
- Median square feet – 1,823
- Median closed price October 2022 – $622,500
- Median days on market – 25
- 12 homes sold for under asking – ranging from $4,000 -$181,800 under asking!
- 4 home sold for asking price
- 4 homes sold for over asking price, ranging from $8500 to $80,000
October 2021
- Homes Closed – 27
- Median square feet – 1,791
- Median closed price – $685,000
- Median days on market – 5
Homes for sale in Sun City Lincoln Hills Lincoln CA now!
BOTTOM LINE For October 2022 Real Estate Market in Roseville CA Area
The Fed raised the interest rates again in November and I wouldn't be at all surprised if they didn't do it again in December! Which means interest rates will probably remain high for some time. That being said, prices are still well over last year's prices. I suspect they will continue to drop, and may well go BELOW last year's prices -maybe even below prices from 2-3 years ago. Only time will tell. If you do NOT have to move, you are in a good place. That's awesome.
But for those of you who do need to sell – whether because you need to downsize to a single story home or 55+ community, or you need to move closer to family, or you are having health issues… Perhaps being transferred. There are a lot of reasons that may necessitate a move and if so, I would not delay. I would personally sell now, while you can probably still keep a lot of your equity. And if you are buying elsewhere, realize that – unless you are moving to a VERY expensive area like the Bay area, most likely, you will break even or maybe even come out ahead.
For buyers who haven't been able to afford to buy due to price increases, it is still challenging due to interest rates. BUT my top lenders have some really great programs going on that may help you to achieve your homebuying goals.
When you are ready, give me a call at 916-768-0127 or email me at KayeSwainRE@gmail.com. I'd love to help you with any of your real estate needs, questions, etc. And be sure to ask me about my FREE, UPGRADED home warranty for my buyers. One year for a re-sale house and FOUR YEARS for a BRAND NEW HOME (and yes! Their prices are dropping as well – for many of them.) BUT be sure to take me with you the first time you go or they won't allow me to help you as your agent. 😀
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. 😀
Click here for their great example.
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.
