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
Wed Jan 22 2025
This week the median list price for Rancho Cordova, CA 95670 is $524,300 with the market action index hovering around 64. This is an increase over last month's market action index of 62. Inventory has decreased to 15.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $524,300 | |
| Median Price of New Listings | $553,000 | |
| Per Square Foot | $310 | |
| Average Days on Market | 71 | |
| Median Days on Market | 56 | |
| Price Decreased | 27% | |
| Price Increased | 7% | |
| Relisted | 13% | |
| Inventory | 15 | |
| Median Rent | ||
| Market Action | 64 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $625,000 | 2,237 | 6,500 - 8,000 sqft | 4 | 3 | 16 | 1 | 1 | 7 |
| $546,950 | 2,155 | 4,500 - 6,500 sqft | 3 | 2.5 | 41 | 0 | 1 | 66 |
| $508,499 | 1,494 | 6,500 - 8,000 sqft | 3 | 2 | 59 | 1 | 0 | 28 |
| $419,950 | 1,068 | 6,500 - 8,000 sqft | 2 | 2 | 54 | 0 | 2 | 63 |