In November, home prices rose substantially from the month before, with a median listing price of $498,000.
The number of listings on the market shrank 8.8% 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 November. And the most recent data shows that the price per square foot increased by 0.4% 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 outpacing the national market.
Sacramento inventory
In November, there were 1,087 homes for sale in Sacramento, which was 8.8% less than the month before and 12.1% more than the same time last year.
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.
The number of new listings in Sacramento was 508, which was 13.3% less than the month before and 0.8% more than the same time last year.
Nationally, the number of new listings fell by 14.1% from last month to 330,908.
Time on market
Homes in Sacramento take an average of 50 days to sell, according to November figures.
This is three days more than the previous month and five days more than the same month last year.
For comparison, nationally homes spent an average of 64 days on the market in November.
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.
Most popular listings in Sacramento, CA