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

Rancho Cordova, CA 95670

Single-Family Homes

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


Rancho Cordova, CA 95670

Sun Dec 03 2023
This week the median list price for Rancho Cordova, CA 95670 is $472,425 with the market action index hovering around 70. This is less than last month's market action index of 73. Inventory has increased to 30. 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.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 95670

Sun Dec 03 2023
This week the median list price for Rancho Cordova, CA 95670 is $472,425 with the market action index hovering around 70. This is less than last month's market action index of 73. Inventory has increased to 30. 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.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $472,425
Median Price of New Listings $410,000
Per Square Foot $320
Average Days on Market 39
Median Days on Market 28
Price Decreased 37%
Price Increased 0%
Relisted 10%
Inventory 30
Median Rent
Market Action 70
Strong Seller's Market

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
$614,999 2,388 6,500 - 8,000 sqft 4 3 18 0 2 42
$495,000 1,560 4,500 - 6,500 sqft 4 2 57 0 1 21
$439,700 1,345 6,500 - 8,000 sqft 3 2 63 2 2 28
$398,974 1,163 4,500 - 6,500 sqft 3 2 53 3 2 17