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 JULY 2024

The number of new listings added to the market in Placer County this July was up 17% compared to July of last year.
The total number of homes for sale at the end of the month was up 33.7% compared to last year.
The number of homes pending sale was up 12.8% compared to last year.
The number of homes sold in July was up 4.1% compared to last year.

Average Price Per Square Foot

The average price per sqft was $347/sqft in July, which was 3.3% higher than last July and 0.3% lower than the month before.
That price per square foot is 7% 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 50 days, the median is 36 days.
The average number of days on market for homes that sold in July was 34 days, compared to 29 days last July.
93.8% of homes sold for at least 95% of their asking price. Only 9 of the 474 homes sold were sold for less than 90% of their asking price.
Homes that sold in July received 100% of their asking price on average.
57% of the homes sold, sold for at or above their asking price at the time of the offer.
33% of the homes sold, sold above their original asking price.

Seller Credits Towards the Buyers Closing Costs

38% of the sales in July included some type of credit of $1000 or more from the seller towards the buyers' closing costs.

Multiple Offers

57% of the homes sold with 1 offer or an undisclosed number of offers.
43% of the homes sold with multiple offers.
- 21% had 2 offers.
- 20% had 3-5 offers
- 2% had 6 offers or more

Average Sale and Asking Price

The average sales price was up 4.6% in July compared to July of last year, and was up 0.6% compared to the month before.
The average sales price of $794,000 has fallen 1.7% since its peak of $808,000 in May of 2022.

Median Sale and Asking Price

The median sale price was up 1.5% in July compared to July of last year, but was down 2.2% compared to last month.
The median sale price of $670,000 has fallen 9.2% since its peak of $738,000 in May of 2022.

Housing Inventory Level

The inventory level of 2 months in July was 1.5% higher than the 1.7 months of inventory in July of last year, but the same as the previous month.

Highest Priced Home Sales

The most expensive home sold in July was a 6,000 square-foot home in Los Lagos in Granite Bay, which sold for $3,872,905 after being listed for $3,895,000.
The 2nd most expensive home sold in July was a 7,287 square-foot home on 5 acres in Loomis, which sold for its asking price of $2,897,000 after receiving 2 offers.
The 3rd most expensive home sold in July was a 3,809 sqft home on 2.2 acres in Loomis, which sold for its asking price of $2,750,000.