Sheryl Smith's "How's the Market?" Report

Rancho Cordova, CA 95742

Single-Family Homes

Smith Real Estate Services I Broker, Realtor #01381095 I 916-472-0103


Rancho Cordova, CA 95742

Fri Jul 26 2024
This week the median list price for Rancho Cordova, CA 95742 is $677,485 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has increased to 80. Click here to stay informed with the Rancho Cordova market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Rancho Cordova, CA 95742

Fri Jul 26 2024
This week the median list price for Rancho Cordova, CA 95742 is $677,485 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has increased to 80. Click here to stay informed with the Rancho Cordova market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Rancho Cordova market.
Median List Price $677,485
Median Price of New Listings $662,220
Per Square Foot $283
Average Days on Market 75
Median Days on Market 35
Price Decreased 29%
Price Increased 21%
Relisted 14%
Inventory 80
Median Rent
Market Action 42
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$795,945 2,950 6,500 - 8,000 sqft 4 3.5 3 6 1 87
$704,499 2,634 4,500 - 6,500 sqft 4 3 4 4 1 56
$648,939 2,274 4,500 - 6,500 sqft 4 3 1 10 5 28
$589,945 1,868 4,500 - 6,500 sqft 3 2.5 0 4 5 31