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

Rancho Cordova, CA

Single-Family Homes

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


Rancho Cordova, CA

Thu Nov 21 2024
This week the median list price for Rancho Cordova, CA is $636,738 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has increased to 133. 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

Market Narrative

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

Thu Nov 21 2024
This week the median list price for Rancho Cordova, CA is $636,738 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has increased to 133. 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

Market Narrative

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 $636,738
Median Price of New Listings $579,950
Per Square Foot $306
Average Days on Market 65
Median Days on Market 28
Price Decreased 33%
Price Increased 11%
Relisted 10%
Inventory 133
Median Rent
Market Action 45
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change 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
$795,000 2,879 6,500 - 8,000 sqft 4 3.5 1 3 1 28
$668,950 2,353 4,500 - 6,500 sqft 4 3 1 2 4 28
$599,900 1,904 4,500 - 6,500 sqft 4 2.5 2 2 5 28
$499,700 1,425 6,500 - 8,000 sqft 3 2 60 5 6 28