Placer County Real Estate Statistics

The following charts are updated monthly using data from Metrolist MLS. To view the details and photos for recent home sales in Placer County, visit Placer County recent home sales.

Number of New, For Sale, Pending, and Sold Listings in April 2023

The number of new listings added to the market in Placer County this April was down 40.5% compared to April of last year. The total number of homes for sale at the end of the month was up 29.7% compared to last year.
The number of homes pending sale was down 5.5% compared to last year.
The number of homes that closed in April was down 42% compared to last year.

Average Price Per Square Foot

The average price per sqft was $315/sqft in April, which was 4% higher than in March, but 7.6% lower than the average of $341/sqft last April, which was also the peak of the market.

Days on Market and Sale Price to List Price %

The average number of days on market for active unsold listings is 61 days, the median is 25 days.
The average number of days on market for homes that sold in April was 42 days, compared to 16 days in April of last year.
- 36% of the homes sold within the first 7 days of being listed.
  - These homes sold for 1.5% over their asking price on average and as much as 11% over asking.
- 28% of the homes sold within 8 and 30 days of being listed.
  - These homes sold for 1% below their asking price on average with as much as 8% over asking.
- 36% sold after being listed 31 days or longer.
  - These homes sold for 2% less than their asking price on average.
93% of homes sold for at least 95% of their asking price. Only 5 of the 353 homes sold were sold for less than 90% of their asking price.
The average % of the asking price received was 100% for April.
66% of the home sold, sold for at or below their asking price at the time of the offer.
68% of the homes sold, sold for at or below their original asking price.
34% of homes sold above their original asking price.

Seller Credits Towards the Buyers Closing Costs

38% of the sales in April included some type of credit from the seller towards the buyers' closing costs.

Multiple Offers

50% of the homes sold with 1 offer or an undisclosed number of offers.
- Those homes sold for 1.2% below their asking price on average.
- Those homes sold in an average of 48 days.
50% of the homes sold with multiple offers.
- 20% had 2 offers.
  - Those homes sold for 1.2% below their asking price on average with as much as 3.8% over their asking price.
  - Those homes sold in an average of 46 days.
- 22% had 3 to 5 offers.
  - Those homes sold for 1% over their asking price on average with as much as 7% over asking.
  - Those homes sold in an average of 38 days.
- 8% had 6 offers or more.
  - Those homes sold for 4% over their asking price on average with as much as 11% over asking.
  - Those homes sold in an average of 13 days.
The home that received the most offers in April was a 1,067 sqft home in West Roseville that was listed for $440,000, received 21 offers, and sold for $490,000, or 11% over asking. Here are the details for that property.

Average Sale and Asking Price

The average sales price was up 3.1% in April compared to March but was down 5.5% compared to April of last year.
The average sales price has fallen 9% since its peak in May of 2022.

Median Sale and Asking Price

The median sale price was up 1.6% in April compared to March but was down 9.1% compared to April of last year.
The median sale price has fallen 12% since its peak in May of 2022.

Housing Inventory Level

Inventory levels in April are at their lowest levels since April of 2022, after rising during much of the second half of 2022.

Highest Priced Home Sale

The most expensive home sold in April was a 6,100 square-foot home in Terracina Estates in Loomis which sold for $4,350,000 after receiving 2 offers at an asking price of $4,299,000.
The 2nd most expensive home sold in April was a 8.990 square-foot home in Chelshire Estates in Granite Bay, which sold for $3,950,000 after being listed for $4,488,000.
The 3rd most expensive home sold in April was a 5,262 square-foot home on Quartzite Circle in Granite Bay, which sold for $2,392,910 after being listed for $2,550,000.