Top Large Teams in Sacramento, California – Ranked by Volume

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2022 Market Summary

Sacramento, California started 2022 with a total of 302 single-family homes on the market, with a median home price of $525,000 and an average price per square foot of $377. By the end of the year, inventory had increased to 679 homes on the market (+124%), with a median home price of $484,000 (-7%) and an average price per square foot of $352 (-6%).

At the start of 2022, the median days on market (DOM) was 42 days – by the end of the year, median DOM had increased to 70 days.

Sacramento started the year with 22% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 50% of Sacramento homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Sacramento started 2022 as a strong seller’s market, with an MAI score of 75; by the end of the year, the MAI had dropped to 44 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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