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April 2017 Elk Grove Real Estate Market Update

By
Real Estate Agent with The Mode Real Estate Group DRE # 00935148

April 2017 was a great seller's market for Elk Grove, CA Homes for Sale!!!



The Numbers Month to Month and Year to Year


The median sales price for Elk Grove, CA homes that closed escrow in April 2017 was $398,000 compared to $375,000 during March 2017 and $360,000 in March 2016.  This means the median sales price in Elk Grove has increased over 10% in the past 12 months and the average days on the market is only 18 days!


The number of Elk Grove, CA homes for sale that closed escrow was 185 in April 2017 vs. 172 in March 2017 and 242 that sold March 2016.


There are 242 Elk Grove, CA homes for sale that are in contract which represents 66% of the overall available inventory of 427 homes.


A few highlights of the current Elk Grove, CA homes for sale are shown below and represent a nice cross section of properties available, in contract and that have sold.



This Month’s Most Expensive


The most expensive of all homes for sale in Elk Grove this month is listed at $8,700,000 and includes 4 bedrooms, 3 bath and has 2,800 sqft.  It is a beautiful custom home, and has an extraordinary Equestrian Facility on 72+ acres.  (schedule a showing).



This Month’s Least Expensive

And there is only 1 home on the market currently in Elk Grove, CA under $250,000.  It is a 1 bedroom, 1 bathroom, 1100+ square foot condo on Tares Circle.  It is listed at $235,000.  (schedule a showing).


So if you have been thinking about selling your Elk Grove, CA home, now is the time!  Don't wait until inventory increases!  Call us today at (916) 405-5737!

Posted by

Lori Mode

Lori Mode, Keller Williams Realty - Elk Grove

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Lori Mode and Bruce Durham, Elk Grove agents

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About the author: The above Real Estate information was provided by Lori Mode.  Lori can be reached via email at Lori@ModeREGroup.com or by phone at 916-405-5737. Lori has helped people move in and out of Elk Grove and surrounding Sacramento areas for the last 37 years.

Thinking of selling your home? I have a passion for Real Estate and love to share my marketing expertise!

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