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

Wed May 22 2024
This week the median list price for Rancho Cordova, CA 95742 is $687,820 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has decreased to 74. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Rancho Cordova, CA 95742

Wed May 22 2024
This week the median list price for Rancho Cordova, CA 95742 is $687,820 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has decreased to 74. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Rancho Cordova market.
Median List Price $687,820
Median Price of New Listings $673,476
Per Square Foot $277
Average Days on Market 72
Median Days on Market 49
Price Decreased 36%
Price Increased 20%
Relisted 3%
Inventory 74
Median Rent
Market Action 43
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
$820,490 3,044 4,500 - 6,500 sqft 4 3.5 1 1 0 108
$725,690 2,623 4,500 - 6,500 sqft 4 3 1 1 0 63
$664,558 2,349 4,500 - 6,500 sqft 4 3 1 4 4 42
$599,999 1,879 4,500 - 6,500 sqft 3 2.5 1 3 3 35