Elk Grove, CA Foreclosures
How much do homes sell for in Elk Grove, CA?
The average home price is currently $671,199.
In Elk Grove, CA, how many homes are available?
There are currently 308 active home listings available in Elk Grove.
What’s the average rental cost in Elk Grove, CA?
The average rental price in Elk Grove is $2,418.
What is the most expensive home in Elk Grove?
The most expensive home sold in Elk Grove had a price of $88,485,900.
What is currently the cheapest priced home in Elk Grove, CA?
The cheapest home for sale in Elk Grove is priced at $16,329.
Living in Elk Grove, CA
Elk Grove, CA, is a thriving suburban community located just south of Sacramento. The city is known for its family-friendly atmosphere, excellent schools, and numerous parks. With a rich cultural scene and easy access to urban amenities, Elk Grove is an ideal location for residents seeking a balanced lifestyle.
Current Market Conditions in Elk Grove, CA
Elk Grove's real estate market remains steady, with a growing interest from homebuyers looking for affordable single-family homes and condominiums. The demand is driven by the area's strong schools, community amenities, and proximity to Sacramento. Recent trends indicate a competitive market, particularly for homes priced below the median, reflecting a broader trend seen in suburban areas as more people seek housing away from bustling city centers.
As of recent months, homes in Elk Grove are seeing quicker sales, with many listings attracting multiple offers. This has led to an upward pressure on home prices, making it a sellers' market. The influx of new residents, driven by opportunities in nearby Sacramento, continues to push the demand higher than available inventory, indicating a healthy yet competitive real estate climate.
Home Value Estimator For Elk Grove, CA
There are currently 58,718 real estate properties
in Elk Grove, CA,
with a median automated valuation model (AVM) price
of $626,346.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Elk Grove, CA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Elk Grove, CA,
is $671,199.00, with the most expensive house
in Elk Grove, CA, topping out
at $88,485,900.00 and the cheapest home
in Elk Grove, CA,
clocking in at $16,329.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Elk Grove, CA!
Rent Prices
In Elk Grove, CA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Elk Grove, CA, is on
a rollercoaster ride. The
average rent price in Elk Grove, CA,
is $2,418.00. Indeed, when looking to rent in
Elk Grove, CA, you can expect to pay as little
as $1,030.00 or as much
as $6,680.00,
with the average rent median estimated to
be $2,300.00. The good news is that finding
an affordable and desirable property to rent in Elk Grove, CA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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