In August, home prices fell moderately from the month before, with a median listing price of $485,000.
The number of listings on the market shrank 3.0% from last month, which is a bigger decrease than normal for this time of the year in Sacramento, and homes are also selling slower than at the same time last year.
Home prices in Sacramento
Typically, home price per square foot in Sacramento tend to rise in August. But the most recent data shows that the price per square foot remained practically unchanged compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the City of Trees are smaller the national market.
Sacramento inventory
In August, there were 1,239 homes for sale in Sacramento, which was 3.0% less than the month before and 31.2% more than the same time last year.
Meanwhile, active inventory across the nation fell by 0.4% from last month to 1,098,681.
The number of new listings in Sacramento was 684, which was 5.8% less than the month before and 4.9% more than the same time last year.
Nationally, the number of new listings fell by 7.5% from last month to 402,268.
Time on market
Homes in Sacramento take an average of 44 days to sell, according to August figures.
This is the same as the previous month and seven days more than the same month last year.
For comparison, nationally homes spent an average of 60 days on the market in August.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Sacramento, CA.