Happy October!
It's that time again – time to look back at the previous month, now that all the statistics, well most anyway, are in. It gives us a snapshot of our local real estate market. So here are the stats for the September 2022 real estate market in Roseville CA area. In general, people are buying, but not as many. Houses are selling, but not as fast. Open houses are still happening, and I was delighted to get several visitors to my last one at a lovely 55+ 2 bedroom 2 bath home in the delightful Silverado Homes at Eskaton Village.
Of course, all of that is generally true for this time of year anyway as we approach the holidays, but we are seeing more than the norm due to the Fed rates going up again followed by the mortgage interest rates. And yes, another increase is expected in November. BUT the good news is that right now our market seems to be “normalizing” leading to opportunities for many buyers who have previously been shut out of the real estate market in Roseville and our surrounding area. And keeping it all in perspective – the 7% that interest rates are at currently is TWO percent LESS than my least expensive mortgage in the past! And even when you have to drop the price of your home to sell it, it's probably still going to bring in an excellent rate of return over all!
Once again, we're looking at single family homes with 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 along with Silverado Homes at Eskaton Village. I'm also going to add some of the TrendGraphix Charts for the Roseville numbers. And, by special request, I will have some Lake of the Pine statistics as well. 🙂
Placer and Sacramento Counties
September 2022 Real Estate Market in Placer County
275 Homes sold in Placer County September 2022
The number of homes sold in September 2022 was down 11.9% compared to last month and down 32.8% from last September.
The average sold price was about $640,000 which was down 1.5% from last month and down from last September by only 0.6%
Interestingly the average FOR sale price was UP 1% from last month and UP 5.1% from last year. If you are selling your home, you would be wise to price it according to this year's market instead of still trying to get the higher prices of last year. It will sell quicker (MUCH less hassle for you that way) and if it sits too long on the market, you might end up discounting even more than you needed to. Buyers sometimes (often) look at prolonged days on market as a problem issue with the house, even if there is no problem other than over-pricing it.
Speaking of *days on market – the average *CDOM – cumulative days on market – for Placer County in September 2022 was 34 which was a 21.4% increase from last month and a whopping 142.9% increases from September 2021.
September 2022 Real Estate Market in Sacramento County
900 Homes sold in Sacramento County September 2022
The number of homes sold in September 2022 was down 7.4% compared to last month and down 34.6% from a year ago.
City Stats
September 2022 Real Estate Market In Roseville CA
138 Homes sold in Roseville CA in September 2022
The number of homes sold in September 2022 was down 4.2% compared to last month and 26.2% compared to last year meaning Roseville was ahead of Placer County as a whole. 😀
Check out these graphs from TrendGraphix.
September 2022 Real Estate Market In Rocklin CA
38 Homes sold in Rocklin CA in September 2022
The number of homes sold in September 2022 was down 22.4% compared to last month and down 54.8% from last year's 84!
September 2022 Real Estate Market In Lincoln
21 Homes sold in Lincoln CA in September 2022
The number of homes sold in September 2022 was down 41.7% compared to last month and down 38.2% compared to last year.
September Real Estate Market In Citrus Heights CA
55 Homes sold in Citrus Heights CA in September 2022
The number of homes sold in September 2022 was down 11.3% compared to last month and 31.2% compared to last year.
Three of The Lovely 55+ Communities in Placer County
September (and October) 2022 Real Estate Market In Sun City Roseville CA
32 Homes for sale in Sun City Roseville CA as of October 15, ranging from $444,000 – $795,000
September 2022
- Homes for Sale in Sun City Roseville that closed in September 2022 – 23
- Median square feet – 1658
- Median closed price – $600,000
- Median days on market – 29
- 11 homes sold for under asking – ranging from $4,000 -$55,000 under
- 8 homes sold for asking price
- 4 homes sold for over asking price, ranging from $900 to $24,000
- Interestingly – only one of the over asking had multiple offers (2) while a few of the “at price” or “below price” homes had multiple offers (2 or 3)
September 2021
- Homes Closed – 18
- Median square feet – 1582
- Median closed price – $560,810
- Median days on market – 7
Sneak Preview for October for Sun City Roseville
So far through October 15, 2022 – 5 homes have closed in Sun City Roseville CA and 15 homes are pending. The median closed price of the 5 is $547,500.
September (and October) 2022 Real Estate Market In Sun City Lincoln CA
60 Homes for sale in Sun City Lincoln CA on October 15, 2022, ranging in price from $479,000 – $919,000.
September 2022
- Homes Closed – 23
- Median square feet – 1,782
- Median closed price – $640,000
- Median days on market – 11
- 11 homes closed under the asking price – ranging from $5,000 – $45,000 under asking
- 7 homes closed for the asking price
- 5 homes closed over the asking price – ranging from $1,000 – $32,000
- All but one of the over asking did get multiple offers, while
September 2021
- Homes Closed – 33
- Median square feet – 1,903
- Median closed price – $675,000
- Median days on market -4
Sneak Preview for October 2022 for Sun City Lincoln CA
So far through October 15, 0 homes have closed, 18 homes are pending.
September (and October) 2022 Real Estate Market In Silverado Homes at Eskaton Village
6 Homes for sale in Silverado Homes at Eskaton Village on October 15, 2022, ranging in price from $469,900 – $589,000
September 2022
- Homes Closed – 1
- Median square feet – 1,645
- Median closed price – $575,000
- Median days on market – 53
- 0 homes closed under the asking price
- 1 homes closed for the asking price
- 0 homes closed over the asking price
September 2021
- Homes Closed – 1
- Median square feet – 1,373
- Median closed price – $467,000
- Median days on market – 3
Sneak Preview for October 2022 for Silverado Homes at Eskaton Village
So far through October 15, 0 homes have closed, 4 are pending.
Here's a video home tour I made of the house I did an open house at last week. What do you think? 😊
Lake of the Pines
20 homes are available as of October 15, 2022
Lake of the Pines – September, 2022
- 14 homes closed
- 8 closed for under the asking price – ranging from $14,000 – $60,000 under asking
- 3 closed at asking price
- 3 closed over the asking price – ranging from $10,000 – $35,000 over asking
Lake of the Pines – September 2021
- 9 homes closed
- 4 sold for under the asking price – ranging from $6,000-$75,000 under
- 1 sold at the asking price
- 4 sold for over the asking price – ranging from $51,000 – $235,000 over!
BOTTOM LINE For September 2022 Real Estate Market in Roseville CA Area
Homes will continue to sell, as people have needs arise. Prices will, for the most part, continue to drop, unless two or more people fall in love with the same home and there are multiple offers – then we are still seeing a few of those that go higher. For that matter, we are also seeing some that have multiple offers but they go for less than listing.
If you need to sell or to buy, I would love to help you. I've been in real estate for over eight years and love what I do. And I LOVE to help my clients fulfill their specific needs. Give me a call at 916-768-0127 or email me at KayeSwainRE@gmail.com and let's get going. 😀
P.S. Be sure to stay current on real estate in our area AND on all the interesting and fun happenings in our area – including holiday events – sign up now for my FREE weekly email newsletter. Click here!
KayeSwain.com/free-weekly-area-updates
*Per Showing Time – “DOM measures the number of days from the last time a listing is listed to the last pending status before the listing is sold. CDOM measures the number of days from when a property is first listed to when a property goes into the last pending status before being sold.”
]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.
