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 Jun 20 2024
This week the median list price for Rancho Cordova, CA is $648,888 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has decreased to 95. 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 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

Thu Jun 20 2024
This week the median list price for Rancho Cordova, CA is $648,888 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has decreased to 95. 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 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 $648,888
Median Price of New Listings $592,622
Per Square Foot $289
Average Days on Market 65
Median Days on Market 35
Price Decreased 38%
Price Increased 14%
Relisted 2%
Inventory 95
Median Rent
Market Action 50
Strong Seller's Market

The market appears to be 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
$785,000 3,037 4,500 - 6,500 sqft 4 3.5 4 2 2 91
$684,950 2,459 4,500 - 6,500 sqft 4 3 1 4 7 21
$618,500 2,133 4,500 - 6,500 sqft 4 2.8 1 6 9 35
$499,995 1,339 6,500 - 8,000 sqft 3 2 62 10 9 24