Florida

<h2>Overview of Tampa’s Real Estate Market Growth</h2>
<p>The <a href="_wp_link_placeholder" data-wplink-edit="true">Tampa’s real estate market</a> has grown considerably over the last 12 months with a notable increase in average house values. As of May 2023, the average value of properties in Tampa was $450,000, and this month that number is $10k less: $440,000.</p>
<p>Average per square foot values also demonstrated a growing trend, climbing from $271 in May 2023 to a 285 in April 2024. The growth can be paralleled with the rise in the average sold price per square foot, which moved from $259 in May 2023 to $267 in April 2024.</p>
<h4 class="sc-fff60b4-3 bmIvnq">Housing Market Summary for Tampa, FL</h4>
<table class="sc-7568d94b-0 lffsHh">
<thead class="sc-7568d94b-1 fnNaKO">
<tr class="sc-7568d94b-4 fHMrnc">
<th class="sc-7568d94b-2 hTsliE"></th>
<th class="sc-7568d94b-2 hTsliE">May 2023</th>
<th class="sc-7568d94b-2 hTsliE">April 2024</th>
<th class="sc-7568d94b-2 hTsliE">Change</th>
</tr>
</thead>
<tbody class="sc-7568d94b-3 jhbPdf">
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Listing Price</td>
<td class="sc-7568d94b-5 eqHQXK">$449.7K</td>
<td class="sc-7568d94b-5 eqHQXK">$401.9K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-10.61%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Sold Price</td>
<td class="sc-7568d94b-5 eqHQXK">$386.5K</td>
<td class="sc-7568d94b-5 eqHQXK">$401.9K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">3.99%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes For Sale</td>
<td class="sc-7568d94b-5 eqHQXK">1,040</td>
<td class="sc-7568d94b-5 eqHQXK">1,356</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">30.38%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes Sold</td>
<td class="sc-7568d94b-5 eqHQXK">7,383</td>
<td class="sc-7568d94b-5 eqHQXK">6,563</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-11.11%</span></td>
</tr>
</tbody>
</table>
<p>However, the volume of properties tells a different narrative—fangs of fluctuation can be seen with the property counts varying over time. The initial count was 1,040 in May 2023, decreasing to 1,138 in January 2024 before ascending again to 1,356 by April 2024. This ebb and flow might be attributed to seasonal shifts or changing market sentiments.</p>
<p>In terms of sales volume, the properties sold peaked in September 2023, with 7,845 sales, before descending to 6,563 properties by April 2024. This suggests a contracting sales market which could be a sign of either diminishing demand, tightening supply, or both.</p>
<h2>Comparative Analysis with Nearby Cities</h2>
<h4 class="sc-fff60b4-3 bmIvnq">Tampa, FL Real Estate Market Overview</h4>
<div class="sc-d1a0c9c3-0 dNcHVF">
<div class="sc-d1a0c9c3-2 bVwdRO">
<table class="sc-4b91b296-0 NvpMl">
<thead class="sc-4b91b296-3 QrbDO">
<tr class="sc-4b91b296-1 kcFJPr">
<th class="sc-4b91b296-4 jDLFWw">Zip</th>
<th class="sc-4b91b296-4 jDLFWw">Median Est. Value</th>
<th class="sc-4b91b296-4 jDLFWw">Zip</th>
<th class="sc-4b91b296-4 jDLFWw">Median Est. Value</th>
</tr>
</thead>
<tbody class="sc-4b91b296-2 xbjXs">
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33647/">33647</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 499,000</p>
<p class="sc-4b91b296-7 gkIasT">$ 230/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33607/">33607</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 379,000</p>
<p class="sc-4b91b296-7 gkIasT">$ 300/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33611/">33611</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 499,000</p>
<p class="sc-4b91b296-7 gkIasT">$ 329/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33614/">33614</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 243,507</p>
<p class="sc-4b91b296-7 gkIasT">$ 203/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33604/">33604</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 326,329</p>
<p class="sc-4b91b296-7 gkIasT">$ 259/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33625/">33625</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 450,595</p>
<p class="sc-4b91b296-7 gkIasT">$ 237/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33629/">33629</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 1,161,000</p>
<p class="sc-4b91b296-7 gkIasT">$ 455/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33616/">33616</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 455,892</p>
<p class="sc-4b91b296-7 gkIasT">$ 299/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33610/">33610</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 299,500</p>
<p class="sc-4b91b296-7 gkIasT">$ 215/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33605/">33605</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 292,773</p>
<p class="sc-4b91b296-7 gkIasT">$ 260/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33615/">33615</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 459,267</p>
<p class="sc-4b91b296-7 gkIasT">$ 286/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33606/">33606</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 784,750</p>
<p class="sc-4b91b296-7 gkIasT">$ 523/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33602/">33602</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 675,837</p>
<p class="sc-4b91b296-7 gkIasT">$ 465/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33612/">33612</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 276,750</p>
<p class="sc-4b91b296-7 gkIasT">$ 207/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33619/">33619</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 296,087</p>
<p class="sc-4b91b296-7 gkIasT">$ 218/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33634/">33634</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 410,109</p>
<p class="sc-4b91b296-7 gkIasT">$ 254/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33609/">33609</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 699,000</p>
<p class="sc-4b91b296-7 gkIasT">$ 364/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33613/">33613</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 322,904</p>
<p class="sc-4b91b296-7 gkIasT">$ 223/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33603/">33603</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 419,200</p>
<p class="sc-4b91b296-7 gkIasT">$ 312/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33635/">33635</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 482,529</p>
<p class="sc-4b91b296-7 gkIasT">$ 259/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33626/">33626</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 548,456</p>
<p class="sc-4b91b296-7 gkIasT">$ 275/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33637/">33637</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 379,900</p>
<p class="sc-4b91b296-7 gkIasT">$ 202/sqft</p>
</td>
</tr>
</tbody>
</table>
</div>
</div>
<p>A comparative lens to nearby cities unveils a diverse economic landscape surrounding Tampa. As of April 2024, Thonotosassa flaunts a significantly higher average value of $805,456 as compared to Lutz ($532,000), Seffner ($399,000), Brandon ($379,000), and Gibsonton ($379,950). This variance could possibly reflect differences in the types of properties available, local amenities, or demographic factors driving desirability and demand.</p>
<p>Moreover, per square foot value in these cities usually trails Tampa’s value of $285, with Thonotosassa coming the closest at almost $292. Lutz ($246), Seffner ($226), Brandon ($219), and Gibsonton ($206) depict a pattern where Tampa stands as a market with a higher valuation metric, reinforcing its standing as a potentially more coveted market sphere.</p>
<h2>Current Values and Sales Volumes in Tampa</h2>
<p>As mentioned, average values are $440,000 and per square foot value sits at $285, hinting at a market that is on evident upturn. There are currently of 1,356 homes for sale, which underlines a bustling inventory.</p>
<p>The average sale price in Tampa trails slightly behind <a href="https://www.realtytrac.com/market-trends/tampa-fl/">the average value</a>, with properties closing at about $402,000. The sale per square foot ratio maintains strength at $267, suggesting that properties in Tampa are garnering close to their asking prices and may indicate seller’s leverage in negotiations.</p>
<p>While the properties count is buoyant, this does not dampen the demand, as evinced by the substantial number of <a href="https://www.realtytrac.com/market-trends/tampa-fl/">properties sold</a>—6,563. Despite a decrease from the peak in September, this figure still manifests a healthy level of transactions.</p>
<p>In summary, Tampa’s real estate market appears to be thriving, with rising valuations and solid sales volumes signifying a robust industry. The comparative analysis with neighboring cities underscores Tampa’s allure and the maintenance of its market performance. The presented metrics coalesce to portray a positive outlook for Tampa’s real estate scene as of April 2024.</p>


Real Estate Report Tampa Florida

Market Reports

Tampa Real Estate Market Soars: Average Property Value Climbs to $440K by April 2024

Tampa’s real estate market demonstrated steady growth from May 2023 to April 2024, with rising property values and robust sales volumes. Comparative data also highlights Tampa’s appeal over neighboring cities.

Tampa Real Estate Market Soars: Average Property Value Climbs to $440K by April 2024 - RealtyTrac

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Resource

RealtyTrac

Manuel is an expert in all things real estate, including buying and flipping homes.

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Manuel Martinez

<p>Recently, property values have grown in <a href="https://www.realtytrac.com/market-trends/fort-collins-co/">Fort Collins, CO</a>. As of April 2024, the average listing price in Fort Collins is $636,850, up 6% from $599,900 in November the previous year. Such appreciation highlights the market’s growth over a six-month timeframe. Average sale prices remain quite stable, with April 2024 recording an average sale price of $552,572, compared to $551,330 in December 2023.</p>
<p>Price per square foot also reveals variance across the months, ranging from $261 in April 2024 to a higher $276 in December 2023. This fluctuation could reflect changes in the types of properties sold, such as a mix between luxury homes and more modest dwellings, or possibly shifts in consumer demand influencing pricing.</p>
<p>Comparing Fort Collins to adjacent cities, <a href="https://www.realtytrac.com/market-trends/timnath-co/">Timnath</a> has a higher average property value of $845,450 in April 2024, suggesting a pricier neighborhood when compared to Fort Collins. Fort Collins saw 1,718 properties changing hands in April of this year. As we know, <a href="https://www.realtytrac.com/market-trends/">seasonality</a> is a common phenomenon in real estate, with summer often bringing an uptick in transactions.</p>
<h2>Current Real Estate Snapshot in Fort Collins and Nearby Cities</h2>
<p>At the time of writing this report, Fort Collins has an average property value of $636,850 with an average price per square foot at $261. The city holds 283 properties on the market, and the price of sold homes is $552,572, with an impressive average sold price per square foot at $343.</p>
<p>A comparative analysis shows Timnath with an even higher average property value at $845,450 and an average sold price of $724,014, but with a lower price per square foot ($227) than Fort Collins. Laporte, with its small property count of 3, holds the highest average value in this dataset, at an impressive $1,275,000, and a correspondingly high average sold price per square foot at $477.</p>
<p>Looking at <a href="https://www.realtytrac.com/market-trends/severance-co/">Severance</a>, the average property value is more modest at $570,000, and the average sold price aligns closely at $479,000, but it features the lowest price per square foot among these cities at $186. Windsor reports an average value of $819,000 with a corresponding average sold price at $574,896 and average price per square price at $318.</p>
<p><a href="https://www.realtytrac.com/market-trends/wellington-co/">Wellington</a>, meanwhile, presents the most affordable average property value at $470,000 and a very close average sold price at $466,754, with its price per square foot for sold properties at $297. These metrics denote key differences among the locations but point to a more accessible market in Wellington.</p>
<p>The data elucidates regional similarities and variances, equipping buyers, sellers, and investors with a clear picture of each locale’s market status. Fort Collins offers a vibrant market, while nearby cities cater to diverse preferences and budgets, from Timnath’s luxurious offerings to Wellington’s budget-friendly homes.</p>


Fort Collins Property Values Climb, Sale Prices Stabilize Amidst 2024 Regional Market Shifts

The Fort Collins real estate market has seen a steady increase in property values and stability in sale prices, indicating a balanced market.

Fort Collins Property Values Climb, Sale Prices Stabilize Amidst 2024 Regional Market Shifts - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/05/Fort-Collins-Real-Estate-Report.png

California

<h2>General Trend in Bakersfield</h2>
<p><a href="https://www.realtytrac.com/market-trends/bakersfield-ca/">Bakersfield’s real estate market</a> is dynamic, with property values and sale prices fluctuating over the months. Notably, the average value for properties saw a peak of approximately $422,495 in May 2023, signaling a robust market during the early and mid-part of the year. However, this upward trajectory did not maintain its momentum as we saw a gradual decrease in the average value to roughly $369,450 by February 2024.</p>
<p>Similarly, the average sale price also experienced volatility, reaching highs and lows through the year. The peak sale price surfaced around November 2023 at about $354,425 reflecting buyer demand and market sentiment during that period. Yet by February 2024, the average sale price settled at around $345,667, displaying a downturn. This shift resonates with broader economic trends and consumer behavior, suggesting a market that undergoes regular adjustments.</p>
<h3>Price Per Square Foot Trend</h3>
<figure id="attachment_25425" aria-describedby="caption-attachment-25425" style="width: 1443px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25425" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/03/Market-Report-Bakersfield-CA-March-2024-House-Prices.png" alt="Market Report Bakersfield CA March 2024 House Prices Sq Ft" width="1443" height="611" /><figcaption id="caption-attachment-25425" class="wp-caption-text">Market Report Bakersfield CA March 2024 House Prices Sq Ft</figcaption></figure>
<p>A key metric in real estate is the price per square foot—it tells a more nuanced story beyond the aggregate figures of property values and sale prices. In Bakersfield, the average sale price per square foot saw a modest uptick from $211 in May 2023 to approximately $216 by February 2024. This ascent, albeit slight, happened amidst a general decline in overall sale prices, indicating that square footage value maintains its desirability and can occasionally counter broader market downtrends.</p>
<h3>Property and Sold Counts</h3>
<p>Stability with a hint of fluctuation could describe the property counts in Bakersfield. From March 2023 to September 2023, there was an increase in property sales, highlighting a window of heightened activity in the real estate market. Come February 2024, the property sold count stood at 4,755, a sign of lively trading, albeit with a recent modest reduction. A consistent property count aligns with a sustainable market balance, where neither an oversupply nor a shortage dictates the conditions.</p>
<h3>Nearby Cities</h3>
<p>Looking beyond Bakersfield uncovers varied performance in neighboring areas. Lamont, for instance, bucked trends with an increased average value, signifying a competitive local market. Conversely, Arvin’s average value saw a decline during the same timeframe. Sale prices followed a jagged path, with cities like Arvin and Shafter witnessing rises in average sale prices, while Lamont observed the opposite. This differential hints at localized factors that drive real estate values independent of Bakersfield’s influence.</p>
<h3>Comparison to Bakersfield</h3>
<p>Comparatively, nearby cities generally offer a more affordable market with lower average values and sale prices than Bakersfield. This affordability likely attracts different buyer segments looking for value deals or entry-level investments. It also renders these locales as potential growth areas, especially for buyers priced out of Bakersfield’s market.</p>
<h3>Current Values and Volumes</h3>
<p>In February 2024, Bakersfield’s real estate landscape presented an average value of $369,450 with an approximate price per square foot of $224. The monthly sales numbers paint an active picture, with average sale prices at about $345,667 and property volumes at 284.</p>
<ul>
<li>Lamont was marked by an average value of $250,000 and a significant difference in the average sale price of $166,080, emphasizing its affordability. With the property count at 9, this denotes a smaller yet opportunistic market segment.</li>
<li>Shafter, contrastingly, had a higher average value of $477,500 and property count at 2, reflecting possibly a niche or premium segment contradicting the general market downturn.</li>
<li>Arvin’s market positioned itself with an average value of $317,500 and a property count of 4; its average sale price settled around $261,000, offering a middle ground in terms of market pricing and opportunities.</li>
<li>Mc Farland, with the single property on the books, suggested exclusivity or limited supply, presenting an average value of $349,900 and a high sale price per square foot at $264, denoting higher-end properties or a demand for quality living spaces.</li>
<li>Lastly, Taft portrayed itself as the most accessible market, with an average value of $224,500 and an average sale price at almost $179,802, backed by a healthier property count of 16, indicating a viable entry point for budget-conscious buyers.</li>
</ul>
<p>The Bakersfield real estate market, as exhibited by these numbers, tells a tale of diversity and change, influenced by various economic forces and individual community characteristics.</p>


Market Trend Report For Bakersfield, California – March 2024

Stockton Housing Market Comparably Affordable Amid Rising California Prices – January 2024 Report

This blog post discusses the dynamic real estate trends in Bakersfield, noting fluctuations in property values, sale prices, and activity levels. It also highlights differences in nearby cities, showcasing diverse market conditions shaped by localized factors and broader economic trends.

Market Trend Report For Bakersfield, California – March 2024 - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/03/Market-Report-Bakersfield-CA-March-2024.png

<p>Sacramento’s real estate market is exhibiting some <a href="https://www.realtytrac.com/market-trends/sacramento-ca/">interesting trends</a> that merit attention from prospective buyers, sellers, and investors alike. One of the key observations our recent RealtyTrac property data is a marked decline in the average sold price per square foot, dipping from April 2024 to May 2023. This trend could signal a cooling period, where property prices are becoming more buyer-friendly, possibly leading to increased market activity as properties become more affordable.</p>
<p>See out <a href="https://www.realtytrac.com/resources/sacramento-property-market-sees-home-values-grow-12/">previous report on Sacrament from February</a> this year.</p>
<p><strong>Here is a snapshot of current values compared to last year</strong></p>
<table class="sc-7568d94b-0 lffsHh">
<thead class="sc-7568d94b-1 fnNaKO">
<tr class="sc-7568d94b-4 fHMrnc">
<th class="sc-7568d94b-2 hTsliE"></th>
<th class="sc-7568d94b-2 hTsliE">May 2023</th>
<th class="sc-7568d94b-2 hTsliE">April 2024</th>
<th class="sc-7568d94b-2 hTsliE">Change</th>
</tr>
</thead>
<tbody class="sc-7568d94b-3 jhbPdf">
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Listing Price</td>
<td class="sc-7568d94b-5 eqHQXK">$389.4K</td>
<td class="sc-7568d94b-5 eqHQXK">$478.3K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">22.82%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Sold Price</td>
<td class="sc-7568d94b-5 eqHQXK">$473.3K</td>
<td class="sc-7568d94b-5 eqHQXK">$478.3K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">1.06%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes For Sale</td>
<td class="sc-7568d94b-5 eqHQXK">162</td>
<td class="sc-7568d94b-5 eqHQXK">146</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-9.88%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes Sold</td>
<td class="sc-7568d94b-5 eqHQXK">6,149</td>
<td class="sc-7568d94b-5 eqHQXK">6,302</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">2.49%</span></td>
</tr>
</tbody>
</table>
<p>Throughout the previous year, the average value of properties in the region has been experiencing modest fluctuations. This period was characterized by a decrease leading up to December 2023, with minor rebounds noted during the early months of 2024, before a subsequent decline in April. Despite these variations in price, the property count has remained quite stable, suggesting that while pricing has changed, the supply of properties in the market has not experienced a significant shift.</p>
<p>The <a href="https://www.realtytrac.com/sacramento-ca/sold/">volume of sold homes</a> has seen a substantial downturn since October 2023, climaxing in April 2024. This suggests a dampening of sales activity which might be attributed to various factors including economic conditions or shifts in housing demand.</p>
<p>Surrounding cities present contrasting scenarios:</p>
<ul>
<li>Carmichael experienced an increase in average sold price per square foot, potentially indicative of heightened demand or desirability in the area. In contrast, North Highlands witnessed a rise in average sale prices against a backdrop of decreasing property values, presenting an intriguing case of market dynamics.</li>
<li>Fair Oaks showcase a higher average sale price relative to other neighborhoods, solidifying its status as a more upscale market segment. Conversely, Rancho Cordova’s property values saw a noteworthy ascent during the early portion of 2024.</li>
</ul>
<p>This analysis underlines a few central points to be mindful of when engaging with the <a href="https://www.realtytrac.com/sacramento-ca/for-sale/">Sacramento housing market</a>: pricing per square footage is in decline, sales volumes have dipped, and neighboring areas are exhibiting diverse trends worthy of individual consideration.</p>
<h2>Current State of Sacramento’s Real Estate Market</h2>
<p>As of April 2024, Sacramento’s real estate market is characterized by an average property value of $409,451 and an average price per square foot of $289. Despite the broader trends of cooling prices, the average sale price has reached about $478,331, with an average sold price per square foot valued at $329. Over the noted period, a total of 6,302 properties have exchanged hands, underlining a significant volume of transactions despite the observed slowdown in the number of properties sold.</p>
<h3 class="sc-fff60b4-3 bmIvnq">Overview of nearby zip codes and average house values</h3>
<div class="sc-d1a0c9c3-0 dNcHVF">
<div class="sc-d1a0c9c3-2 bVwdRO">
<table class="sc-4b91b296-0 NvpMl">
<thead class="sc-4b91b296-3 QrbDO">
<tr class="sc-4b91b296-1 kcFJPr">
<th class="sc-4b91b296-4 jDLFWw">Zip</th>
<th class="sc-4b91b296-4 jDLFWw">Median Est. Value</th>
<th class="sc-4b91b296-4 jDLFWw">Zip</th>
<th class="sc-4b91b296-4 jDLFWw">Median Est. Value</th>
</tr>
</thead>
<tbody class="sc-4b91b296-2 xbjXs">
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95818/">95818</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 741,000</p>
<p class="sc-4b91b296-7 gkIasT">$ 404/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95815/">95815</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 327,500</p>
<p class="sc-4b91b296-7 gkIasT">$ 342/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95838/">95838</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 374,999</p>
<p class="sc-4b91b296-7 gkIasT">$ 277/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95829/">95829</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 541,200</p>
<p class="sc-4b91b296-7 gkIasT">$ 306/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95821/">95821</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 743,900</p>
<p class="sc-4b91b296-7 gkIasT">$ 373/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95826/">95826</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 581,400</p>
<p class="sc-4b91b296-7 gkIasT">$ 394/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95820/">95820</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 417,500</p>
<p class="sc-4b91b296-7 gkIasT">$ 376/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95824/">95824</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 361,750</p>
<p class="sc-4b91b296-7 gkIasT">$ 337/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95823/">95823</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 430,750</p>
<p class="sc-4b91b296-7 gkIasT">$ 321/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95833/">95833</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 633,250</p>
<p class="sc-4b91b296-7 gkIasT">$ 287/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95828/">95828</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 469,950</p>
<p class="sc-4b91b296-7 gkIasT">$ 316/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95816/">95816</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 549,250</p>
<p class="sc-4b91b296-7 gkIasT">$ 466/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95835/">95835</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 557,750</p>
<p class="sc-4b91b296-7 gkIasT">$ 295/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95817/">95817</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 513,111</p>
<p class="sc-4b91b296-7 gkIasT">$ 412/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95822/">95822</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 393,700</p>
<p class="sc-4b91b296-7 gkIasT">$ 363/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95811/">95811</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 774,500</p>
<p class="sc-4b91b296-7 gkIasT">$ 453/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95825/">95825</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 566,600</p>
<p class="sc-4b91b296-7 gkIasT">$ 379/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95864/">95864</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 798,850</p>
<p class="sc-4b91b296-7 gkIasT">$ 377/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95842/">95842</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 475,900</p>
<p class="sc-4b91b296-7 gkIasT">$ 331/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95832/">95832</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 426,170</p>
<p class="sc-4b91b296-7 gkIasT">$ 299/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95834/">95834</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 517,000</p>
<p class="sc-4b91b296-7 gkIasT">$ 314/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/sacramento-ca-95814/">95814</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 2,099,000</p>
<p class="sc-4b91b296-7 gkIasT">$ 1,210/sqft</p>
</td>
</tr>
</tbody>
</table>
</div>
</div>
<p>In Carmichael, we observe an average property value of $400,000, paired with a lower average price per square foot of $250 when compared with Sacramento. However, the average sale price in Carmichael stands higher at $599,600, suggesting buyers are willing to invest more in this locale. The average sold price per square foot here is $343—a stark contrast to the city’s lower average price per square foot—a sign of specific neighborhoods or property types fetching premium prices. The total property sold count is 535, indicating a relatively active market.</p>
<p>North Highlands presents a more modest average property value of $314,950 but surprisingly boasts a higher average sold price per square foot of $325 compared to its average price per square foot of $226, which could reflect specific pockets of high demand within this location. This area has seen 241 properties sold, offering an interesting niche for real estate exploration.</p>
<p>In comparison, Rio Linda maintains a steady average sold price per square foot around $319, showing consistency in its market with an average value sitting at $315,000. This area has seen a smaller number of transactions, with 125 properties sold, likely due to its limited property count.</p>
<p>The Fair Oaks market stands out with a high average property value of $569,900 and a sizable average sale price of $615,900. Its average sold price per square foot is $335, and with a volume of 461 properties sold, the data suggests a consistent draw for a more affluent buyer segment.</p>
<p>Rancho Cordova’s market analysis showcases an increasing trend in property values, reaching an average of $499,900, with an average price per square foot of $272. The average sale price in this area is up at $532,934, and the average sold price per square foot reflects a competitive $303, demonstrating a strong appeal with 662 properties sold.</p>
<p>These figures encapsulate the pulse of Sacramento’s real estate landscape and its neighboring areas. The data points highlight varying degrees of market strength and demand that could inform buying and selling decisions moving forward.</p>


Sacramento Property Values Cool in April 2024 Amid Varied Neighboring City Markets

The post explores Sacramento’s real estate trends, highlighting a declining average price per square foot and dampening sales volumes.

Sacramento Property Values Cool in April 2024 Amid Varied Neighboring City Markets - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/05/Sacramento-California.png

	May 2023	April 2024	Change
Median Listing Price	$449.7K	$401.9K	-10.61%
Median Sold Price	$386.5K	$401.9K	3.99%
Homes For Sale	1,040	1,356	30.38%
Homes Sold	7,383	6,563	-11.11%

Zip	Median Est. Value	Zip	Median Est. Value
33647	$ 499,000 $ 230/sqft	33607	$ 379,000 $ 300/sqft
33611	$ 499,000 $ 329/sqft	33614	$ 243,507 $ 203/sqft
33604	$ 326,329 $ 259/sqft	33625	$ 450,595 $ 237/sqft
33629	$ 1,161,000 $ 455/sqft	33616	$ 455,892 $ 299/sqft
33610	$ 299,500 $ 215/sqft	33605	$ 292,773 $ 260/sqft
33615	$ 459,267 $ 286/sqft	33606	$ 784,750 $ 523/sqft
33602	$ 675,837 $ 465/sqft	33612	$ 276,750 $ 207/sqft
33619	$ 296,087 $ 218/sqft	33634	$ 410,109 $ 254/sqft
33609	$ 699,000 $ 364/sqft	33613	$ 322,904 $ 223/sqft
33603	$ 419,200 $ 312/sqft	33635	$ 482,529 $ 259/sqft
33626	$ 548,456 $ 275/sqft	33637	$ 379,900 $ 202/sqft