Roseville & Elk Grove California Market Update

[Ben Howard]

I'm sharing the email content that I have provided to Roseville & Elk Grove, California investors which I work with. BP's team has let me know that I may not attach full third party market reports due to my business phone number which appears on the market reports, so I have parsed some of the market data from them to include in this post along with data from the MLS which was pulled on 4/18/2024. Should you have questions, I am happy to help and will reply below. If you would prefer data from elsewhere in the Sacramento, California market please let me know.

Single Family Active, Pending, and Sold

Past 30 Days East Roseville 95661

18 New Listings

20 Homes Accepted an Offer

13 Homes Received Multiple Offers

29 Homes Sold

Past 30 Days Elk Grove Laguna 95758

27 New Listings

24 Homes Accepted an Offer

15 Homes Received Multiple Offers

39 Homes Sold

[Ben Howard]

Quote from @Lynn Wong:

Thanks Ben! Median price is high while median rent is so low in these markets, zip code 95757 is even worse in term of high home price but low rent. I was lucky to break even with 25% down for $590K.

You're welcome Lynn. As you mention 95757, Elk Grove I ran an example of a home for sale at 9850 Tarzo Way Elk Grove 95757 which recently had a price reduction and is now listed at $559,950. Rentometer estimates that it will rent for $2,620 a month with a +/- 2% range. I also ran an analysis for Elk Grove 95757 like I did in my original post. The results are below:

Past 30 Days Elk Grove Laguna 95757

40 New Listings

50 Homes Accepted an Offer

20 Homes Received Multiple Offers

36 Homes Sold