Home Prices in Elk Grove CA for November 2017
Real estate market data for Elk Grove, CA provided by Erin Newington of Keller Williams Realty Elk Grove.
Elk Grove Home Prices
We have seen 6 straight months of listing prices decreasing on home prices in Elk Grove and this could be a seasonal issue and I don't think so. If you are considering buying a home you can still find deals on a house in Elk Grove but having a good real estate agent who understands the market is a must. There are still homes that are selling within a few days with multiple offers. What we are noticing sellers are becoming much more realistic about their price. We can help you target homes that would give you a better shot at getting you a deal. Let's meet and discuss our strategy to get you a great buy!
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If you are interested in how much current inventory is on the market in Elk Grove you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Elk Grove, homes have a median time of 29 days on the market before they sell. This buyers are in a great position to make an offer right now. In the summer months the days on the market were more around 15-16 days. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Home inventory is starting to creep up which will impact Elk Grove homes prices.
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The median list price in November for single family homes in Elk Grove is $434,000. The list prices decreased by 1.7% from the previous month. The price per square foot for listings in this area is $207.
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