Sacramento Real Estate Market Update – April 2025

The National headlines say the market is tanking. What really happened to the Sacramento Real Estate Market last month?

Let’s get into the details.

Average Home Price

Based on data from Trendgraphix, the average price for a Sold home in April for the 4-County Region dropped 2.6% to $676,000. But the For Sale Price increased 2.2% to $835,000. This is typical for this time of year as many homeowners think they are smarter than the market and their home is the prettiest on the block. They over ask in price. This spread is beginning to increase again after a year of closing this spread.

Average Price Per Square Foot

The average price per square foot in the region was up slightly this month, to $347, compared to March and down 0.3% from this same period last year.

Number of Homes Sold

In April, a total of 1,623 homes were sold, an increase of 9.2% from March but down 3.0% from this time last year. Pending sales also increased slightly by 5.8% from March.

Months of Inventory

Inventory increased to 2.4 months. This is a reflection of the large jump in listings on the market increasing higher than the number of homes sold. Nothing to panic about here as most people list their home in the Spring.

Mortgage Rate Stats

Rates fluctuated between the mid to high 6’s throughout the month due to market volatility.  We did some stabilization towards the end of the month.

New home builders continue to bridge the affordability gap with buydowns and closing cost help on quick move-in homes. There’s a lot of buy-down incentive promo’s going on. There are also some new programs that are going to make getting into a new home easier than ever. Stay tuned for more details on that program.

Opinion

News headlines are negative on real estate nationally, but the facts about Sacramento and many local markets don’t support that narrative. While sales are a little slower than anticipated, sales are still happening at a strong level and prices are slowly increasing, yes increasing.

If you’re ready, willing and able to purchase now is a great time to get into the market and start building wealth in Real Estate.

Closing

Our job is to help you move up in life. Let NEXT help you get from where you are to where you want to be.

Please make sure to like this video, subscribe, and hit the notification bell so you never miss a market update. I’m Christopher Brown with NEXT Real Estate Group and Next New Homes Group. See you next month!