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 February 2024

  • The number of new listings added to the market in Placer County this February was up 9.6% compared to February of last year. The total number of homes for sale at the end of the month was down 4.3% compared to last year.
  • The number of homes pending sale was down 1.1% compared to last year.
  • The number of homes that sold in February was down 11.4% compared to last year.

Average Price Per Square Foot

  • The average price per sqft was $330/sqft in February, which was up 4.8% from last February, and was the same as the month before.
  • That price per square foot is 11.5% lower than the average of $373/sqft in April 2022, which was the most recent 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 62 days, the median is 29 days.
  • The average number of days on market for homes that sold in February was 47 days, compared to 63 days in February of last year.
    • 30.6% of the homes sold within the first 7 days of being listed.
      • These homes sold for 2.3% over their asking price on average and as much as 33% over asking.
    • 25.8% of the homes sold within 8 and 30 days of being listed.
      • These homes sold for 0.7% below their asking price on average with as much as 8.5% over asking.
    • 43.6% sold after being listed 31 days or longer.
      • These homes sold for 1.4% less than their asking price on average.
  • 93% of homes sold for at least 95% of their asking price. Only 4 of the 314 homes sold were sold for less than 90% of their asking price.
  • The average % of the asking price received was 100% for February. 
  • 58% of the homes sold, sold for at or above their asking price at the time of the offer.
  • 30.5% of the homes sold, sold above their original asking price.

Seller Credits Towards the Buyers Closing Costs

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

Multiple Offers

  • 51% 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 57 days.
  • 49% of the homes sold with multiple offers. 
    • 22% had 2 offers.
      • Those homes sold for 0.6% below their asking price on average with as much as 12% over their asking price.
      • Those homes sold in an average of 46 days.
    • 22% had 3 to 5 offers.
      • Those homes sold for 0.7% above their asking price on average with as much as 10.5% over asking.
      • Those homes sold in an average of 34 days. 
    • 5% had 6 offers or more.
      • Those homes sold for 9.4% over their asking price on average with as much as 33% over asking.
      • Those homes sold in an average of 5 days.
  • The home that received the most offers in February was a 3,300 sqft home on Eaglemont Lane in Lincoln that was listed for $1,050,000, received 19 offers, and sold to a cash buyer for $1,400,000, or about 33% over asking. 

Average Sale and Asking Price

  • The average sales price was up 1.5% in February compared to February of last year, and was up 3.4% compared to the month before.
  • The average sales price of $737,000 has fallen 8.7% since its peak of $807,000 in May of 2022.

Median Sale and Asking Price

  • The median sale price was up 3% in February compared to February of last year.  And was up 4.8% compared to last month. 
  • The median sale price of $650,000 has fallen 12% since its peak of $738,000 in May of 2022.

Housing Inventory Level

  • Inventory levels rose to 1.5 months in February compared to 1.3 in January, but were the same as the 1.5 Months of inventory we had in February of last year. 

Highest Priced Home Sales

  • The most expensive home sold in February was a 4,209 square-foot home on Mystery Creek Lane in Granite Bay, which sold for $2,300,000 after being listed for $2,350,000.
  • The 2nd most expensive home sold in February was a 3,556 square-foot new home on Brennans Road in Loomis, which sold for $2,275,000 after being listed for $2,375,000. 
  • The 3rd most expensive home sold in February was a 6,505 square-foot home in Cambridge Estates in Loomis, which sold for $2,100,000 after being listed for $2,200,000.

Most Expensive Homes Sold in Placer County in February 2024

To view all the recent sales in Placer County visit Recent Placer County Home Sales.

For a breakdown of the statistics for specific communities, please visit the links below.