Elk Grove, CA Market Report June 2017

Elk Grove, CA homes for sale have seen steady price improvement month to month as well as year to year as inventory levels remain at all-time lows.

The Numbers Month to Month and Year to Year

The median sales price for Elk Grove, CA homes for sale was $409,000 in June 2017 compared to $395,000 during May 2017 and $358,250 in June 2016.

The number of Elk Grove, CA homes for sale that sold was 213 in June 2017 vs. 195 in May 2017 and 254 that sold June 2016.

There are 315 Elk Grove, CA homes for sale that are in contract or pending which represents 63%of the overall available inventory of 502 homes. There are currently only 187 homes active on the market in Elk Grove.

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 Months Most Expensive

The most expensive of all Elk Grove, CA homes for sale this month is listed at $3,500,000 includes 4 bedrooms, 3 bath and has over 2,800 sqft. The Mackay Ranch consists of 4 houses, several large buildings & an enormous professional state of the art covered arena measuring nearly 480 x 145 and sits on over 100 acres in the 95757 zip code area of Elk Grove (schedule a showing).

This Months Least Expensive

The least expensive of all Elk Grove, CA homes for sale came in at $110,000 and would be a great home for a first time homebuyer or an investor looking for a rental property with positive cash flow. It is a 2 bedroom, 1 bathroom condominium in the 95624 zip code area. (schedule a showing).