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

Sat Jul 20 2024
This week the median list price for Rancho Cordova, CA 95670 is $499,000 with the market action index hovering around 69. This is less than last month's market action index of 77. Inventory has increased to 31. 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

Sat Jul 20 2024
This week the median list price for Rancho Cordova, CA 95670 is $499,000 with the market action index hovering around 69. This is less than last month's market action index of 77. Inventory has increased to 31. 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 $499,000
Median Price of New Listings $497,500
Per Square Foot $342
Average Days on Market 46
Median Days on Market 21
Price Decreased 32%
Price Increased 3%
Relisted 6%
Inventory 31
Median Rent
Market Action 69
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
$618,000 2,051 6,500 - 8,000 sqft 4 2.5 43 2 1 14
$519,450 1,451 6,500 - 8,000 sqft 3 2 57 2 2 66
$477,000 1,294 6,500 - 8,000 sqft 3 2 64 1 2 35
$411,450 1,088 6,500 - 8,000 sqft 3 2 63 3 3 10