We’re seeing some great incentives across nearly every new home builder who has inventory. Most are not being published. Curious? Message us and let us help find you the best deal in the market right now.
What should buyers and sellers do?
Sellers: day-one pricing now carries the cost that negotiation used to. 40% of October’s pending sales required a reduction averaging almost 7%. You do not get a second chance at your first two weeks on market, and the fall calendar is shorter than the spring one.
Buyers: this is the most negotiating room in three years — more inventory, fewer competing buyers, and sellers under time pressure. Mortgage rates also eased from their early-October peak of 7.40% to 7.18% as of Freddie Mac’s November 5 survey, though they remain well above last year’s 6.22%.
Nobody can reliably say whether a 0.8% annual decline becomes a trend. What October shows is a market where the price you choose on the first day matters more than the one you negotiate on the thirtieth.
Frequently asked questions
Are Sacramento home prices going down? Modestly. The median sold price in the 4-County Region was $590,000 in October 2026, down 0.8% from October 2025 — roughly $5,000 — and the first annual decline of the year. The average sold price is still up 1.3% year over year.
Is now a good time to sell a house in Sacramento? It depends on pricing discipline more than timing. About 40% of homes going pending in October reduced their price first, averaging a 6.7% cut. Homes priced at market value on day one continued to sell near their asking price.
Is the Sacramento housing market a buyer’s or seller’s market? At 3.2 months of inventory it still leans toward sellers on paper — a balanced market is 5 to 6 months — but buyers have more choice and more leverage than at any point in the past three years.
How long are homes taking to sell in Sacramento? Homes averaged 51 cumulative days on market in October 2026, 6 days longer than September and 1 day faster than October 2025.
Talk strategy with NEXT
Every neighborhood moves differently than the regional average, and a 0.8% regional change tells you very little about your street. If you are weighing a move, request a market analysis and we will show you what these numbers mean for your home, or the one you want to buy.
NEXT Real Estate Group, ERA Powered | CA DRE #01900920 | Equal Housing Opportunity. Data is deemed reliable but not guaranteed. Market statistics reflect the 4-County Region (Sacramento, Placer, El Dorado and Yolo counties), single-family homes, as reported by TrendGraphix on November 9, 2026.
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The share of sellers forced to come down rose, and so did the size of the cut. Homes priced at the market on day one are still selling. Homes priced to test it are paying for the test.
New construction
According to the North State Building Industry Association, 315 new homes sold across the eight-county region in October, up about 7.1% from 294 in September.
That is the one measure in this report that rose. It is worth noting carefully: the BIA figure covers eight counties while the resale data above covers four, so the two are not a like-for-like share comparison and new construction should not be described as taking share from resale. What can be said is that new-home sales grew in a month when resale closings in the regional core fell 13.9%.
We’re seeing some great incentives across nearly every new home builder who has inventory. Most are not being published. Curious? Message us and let us help find you the best deal in the market right now.
What should buyers and sellers do?
Sellers: day-one pricing now carries the cost that negotiation used to. 40% of October’s pending sales required a reduction averaging almost 7%. You do not get a second chance at your first two weeks on market, and the fall calendar is shorter than the spring one.
Buyers: this is the most negotiating room in three years — more inventory, fewer competing buyers, and sellers under time pressure. Mortgage rates also eased from their early-October peak of 7.40% to 7.18% as of Freddie Mac’s November 5 survey, though they remain well above last year’s 6.22%.
Nobody can reliably say whether a 0.8% annual decline becomes a trend. What October shows is a market where the price you choose on the first day matters more than the one you negotiate on the thirtieth.
Frequently asked questions
Are Sacramento home prices going down? Modestly. The median sold price in the 4-County Region was $590,000 in October 2026, down 0.8% from October 2025 — roughly $5,000 — and the first annual decline of the year. The average sold price is still up 1.3% year over year.
Is now a good time to sell a house in Sacramento? It depends on pricing discipline more than timing. About 40% of homes going pending in October reduced their price first, averaging a 6.7% cut. Homes priced at market value on day one continued to sell near their asking price.
Is the Sacramento housing market a buyer’s or seller’s market? At 3.2 months of inventory it still leans toward sellers on paper — a balanced market is 5 to 6 months — but buyers have more choice and more leverage than at any point in the past three years.
How long are homes taking to sell in Sacramento? Homes averaged 51 cumulative days on market in October 2026, 6 days longer than September and 1 day faster than October 2025.
Talk strategy with NEXT
Every neighborhood moves differently than the regional average, and a 0.8% regional change tells you very little about your street. If you are weighing a move, request a market analysis and we will show you what these numbers mean for your home, or the one you want to buy.
NEXT Real Estate Group, ERA Powered | CA DRE #01900920 | Equal Housing Opportunity. Data is deemed reliable but not guaranteed. Market statistics reflect the 4-County Region (Sacramento, Placer, El Dorado and Yolo counties), single-family homes, as reported by TrendGraphix on November 9, 2026.
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October 2026 by the numbers
| Metric | October 2026 | vs. September | vs. Oct 2025 |
|---|---|---|---|
| Median sold price | $590,000 | ▼ 1.7% | ▼ 0.8% |
| Average sold price | $677,000 | ▼ 0.7% | ▲ 1.3% |
| Average asking price | $795,000 | ▼ 0.6% | ▼ 0.7% |
| Price per sq ft | $338 | ▼ 0.6% | ▲ 1.2% |
| Homes sold | 1,407 | ▼ 13.9% | ▼ 17.7% |
| Pending sales | 1,401 | ▼ 4.1% | ▼ 13.7% |
| Active listings | 4,548 | ▲ 0.3% | ▲ 9.5% |
| Days on market (cumulative) | 51 | +6 days | −1 day |
| Sold-to-original list price | 96% | −1 pt | Flat |
| Months of inventory | 3.2 | ▲ 14.4% | ▲ 32.9% |
| New home sales (8-county) | 315 | ▲ 7.1% | — |
| 30-yr fixed rate (Nov 5) | 7.18% | Down from 7.40% peak | Up from 6.22% |
The median went negative — and the size matters
For two years the answer to “what is my home worth” was “a little more than last year.” In October it became “about the same.” The median sold price of $590,000 compares with $595,000 in October 2025, a decline of 0.8%.
That is approximately $5,000 on a typical home. It is a real turn and it deserves to be named, but it is not a correction, and a homeowner who reads the percentage without the dollar figure will reach the wrong conclusion. The average sold price is still up 1.3% year over year, and price per square foot is up 1.2% — which tells you the mix of homes selling shifted as much as values did.
The real decline is in volume
1,407 homes sold in October, against 1,709 in October 2025 — down 17.7%. Pending sales, which show contracts written during the month, fell 13.7% year over year.
Roughly one in six transactions that happened last October did not happen this October. That is the signature of a market repricing rather than one losing value: sellers who do not need to move are staying put, buyers who do not need to buy are waiting, and the people still transacting have a reason to.
Inventory reached its highest level in more than a year
Months of inventory rose to 3.2, up 32.9% from 2.4 last October and the highest reading in this trend. A balanced market is generally 5 to 6 months, so the region is still tighter than balanced — but absorption fell from 41% of available homes selling each month to 31%.
Sellers are feeling it where it shows first. The sold-to-original-list-price ratio slipped from 97% to 96%. On a $600,000 list price, one point is $6,000 — and it is $6,000 given up after the home was already on the market.
What the pricing data says about sellers
Local appraiser Ryan Lundquist found that about 40% of homes going into contract in October had to reduce their price first, and the average reduction among those was 6.7% (source: Sacramento Appraisal Blog, October 15). A month earlier, 53% were going pending with no reduction at all.
The share of sellers forced to come down rose, and so did the size of the cut. Homes priced at the market on day one are still selling. Homes priced to test it are paying for the test.
New construction
According to the North State Building Industry Association, 315 new homes sold across the eight-county region in October, up about 7.1% from 294 in September.
That is the one measure in this report that rose. It is worth noting carefully: the BIA figure covers eight counties while the resale data above covers four, so the two are not a like-for-like share comparison and new construction should not be described as taking share from resale. What can be said is that new-home sales grew in a month when resale closings in the regional core fell 13.9%.
We’re seeing some great incentives across nearly every new home builder who has inventory. Most are not being published. Curious? Message us and let us help find you the best deal in the market right now.
What should buyers and sellers do?
Sellers: day-one pricing now carries the cost that negotiation used to. 40% of October’s pending sales required a reduction averaging almost 7%. You do not get a second chance at your first two weeks on market, and the fall calendar is shorter than the spring one.
Buyers: this is the most negotiating room in three years — more inventory, fewer competing buyers, and sellers under time pressure. Mortgage rates also eased from their early-October peak of 7.40% to 7.18% as of Freddie Mac’s November 5 survey, though they remain well above last year’s 6.22%.
Nobody can reliably say whether a 0.8% annual decline becomes a trend. What October shows is a market where the price you choose on the first day matters more than the one you negotiate on the thirtieth.
Frequently asked questions
Are Sacramento home prices going down? Modestly. The median sold price in the 4-County Region was $590,000 in October 2026, down 0.8% from October 2025 — roughly $5,000 — and the first annual decline of the year. The average sold price is still up 1.3% year over year.
Is now a good time to sell a house in Sacramento? It depends on pricing discipline more than timing. About 40% of homes going pending in October reduced their price first, averaging a 6.7% cut. Homes priced at market value on day one continued to sell near their asking price.
Is the Sacramento housing market a buyer’s or seller’s market? At 3.2 months of inventory it still leans toward sellers on paper — a balanced market is 5 to 6 months — but buyers have more choice and more leverage than at any point in the past three years.
How long are homes taking to sell in Sacramento? Homes averaged 51 cumulative days on market in October 2026, 6 days longer than September and 1 day faster than October 2025.
Talk strategy with NEXT
Every neighborhood moves differently than the regional average, and a 0.8% regional change tells you very little about your street. If you are weighing a move, request a market analysis and we will show you what these numbers mean for your home, or the one you want to buy.
NEXT Real Estate Group, ERA Powered | CA DRE #01900920 | Equal Housing Opportunity. Data is deemed reliable but not guaranteed. Market statistics reflect the 4-County Region (Sacramento, Placer, El Dorado and Yolo counties), single-family homes, as reported by TrendGraphix on November 9, 2026.
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Sacramento Home Prices Slipped in October 2026 — By About $5,000
Short answer: In October 2026 the median sold price in the 4-County Region (Sacramento, Placer, El Dorado and Yolo counties) was $590,000 — down 1.7% from September and 0.8% below October 2025, the first year-over-year decline of the year. The drop is worth roughly $5,000 on a typical home. The larger shift was in volume: closed sales fell 17.7% year over year and inventory rose to 3.2 months, the highest level in more than a year.
October 2026 by the numbers
| Metric | October 2026 | vs. September | vs. Oct 2025 |
|---|---|---|---|
| Median sold price | $590,000 | ▼ 1.7% | ▼ 0.8% |
| Average sold price | $677,000 | ▼ 0.7% | ▲ 1.3% |
| Average asking price | $795,000 | ▼ 0.6% | ▼ 0.7% |
| Price per sq ft | $338 | ▼ 0.6% | ▲ 1.2% |
| Homes sold | 1,407 | ▼ 13.9% | ▼ 17.7% |
| Pending sales | 1,401 | ▼ 4.1% | ▼ 13.7% |
| Active listings | 4,548 | ▲ 0.3% | ▲ 9.5% |
| Days on market (cumulative) | 51 | +6 days | −1 day |
| Sold-to-original list price | 96% | −1 pt | Flat |
| Months of inventory | 3.2 | ▲ 14.4% | ▲ 32.9% |
| New home sales (8-county) | 315 | ▲ 7.1% | — |
| 30-yr fixed rate (Nov 5) | 7.18% | Down from 7.40% peak | Up from 6.22% |
The median went negative — and the size matters
For two years the answer to “what is my home worth” was “a little more than last year.” In October it became “about the same.” The median sold price of $590,000 compares with $595,000 in October 2025, a decline of 0.8%.
That is approximately $5,000 on a typical home. It is a real turn and it deserves to be named, but it is not a correction, and a homeowner who reads the percentage without the dollar figure will reach the wrong conclusion. The average sold price is still up 1.3% year over year, and price per square foot is up 1.2% — which tells you the mix of homes selling shifted as much as values did.
The real decline is in volume
1,407 homes sold in October, against 1,709 in October 2025 — down 17.7%. Pending sales, which show contracts written during the month, fell 13.7% year over year.
Roughly one in six transactions that happened last October did not happen this October. That is the signature of a market repricing rather than one losing value: sellers who do not need to move are staying put, buyers who do not need to buy are waiting, and the people still transacting have a reason to.
Inventory reached its highest level in more than a year
Months of inventory rose to 3.2, up 32.9% from 2.4 last October and the highest reading in this trend. A balanced market is generally 5 to 6 months, so the region is still tighter than balanced — but absorption fell from 41% of available homes selling each month to 31%.
Sellers are feeling it where it shows first. The sold-to-original-list-price ratio slipped from 97% to 96%. On a $600,000 list price, one point is $6,000 — and it is $6,000 given up after the home was already on the market.
What the pricing data says about sellers
Local appraiser Ryan Lundquist found that about 40% of homes going into contract in October had to reduce their price first, and the average reduction among those was 6.7% (source: Sacramento Appraisal Blog, October 15). A month earlier, 53% were going pending with no reduction at all.
The share of sellers forced to come down rose, and so did the size of the cut. Homes priced at the market on day one are still selling. Homes priced to test it are paying for the test.
New construction
According to the North State Building Industry Association, 315 new homes sold across the eight-county region in October, up about 7.1% from 294 in September.
That is the one measure in this report that rose. It is worth noting carefully: the BIA figure covers eight counties while the resale data above covers four, so the two are not a like-for-like share comparison and new construction should not be described as taking share from resale. What can be said is that new-home sales grew in a month when resale closings in the regional core fell 13.9%.
We’re seeing some great incentives across nearly every new home builder who has inventory. Most are not being published. Curious? Message us and let us help find you the best deal in the market right now.
What should buyers and sellers do?
Sellers: day-one pricing now carries the cost that negotiation used to. 40% of October’s pending sales required a reduction averaging almost 7%. You do not get a second chance at your first two weeks on market, and the fall calendar is shorter than the spring one.
Buyers: this is the most negotiating room in three years — more inventory, fewer competing buyers, and sellers under time pressure. Mortgage rates also eased from their early-October peak of 7.40% to 7.18% as of Freddie Mac’s November 5 survey, though they remain well above last year’s 6.22%.
Nobody can reliably say whether a 0.8% annual decline becomes a trend. What October shows is a market where the price you choose on the first day matters more than the one you negotiate on the thirtieth.
Frequently asked questions
Are Sacramento home prices going down? Modestly. The median sold price in the 4-County Region was $590,000 in October 2026, down 0.8% from October 2025 — roughly $5,000 — and the first annual decline of the year. The average sold price is still up 1.3% year over year.
Is now a good time to sell a house in Sacramento? It depends on pricing discipline more than timing. About 40% of homes going pending in October reduced their price first, averaging a 6.7% cut. Homes priced at market value on day one continued to sell near their asking price.
Is the Sacramento housing market a buyer’s or seller’s market? At 3.2 months of inventory it still leans toward sellers on paper — a balanced market is 5 to 6 months — but buyers have more choice and more leverage than at any point in the past three years.
How long are homes taking to sell in Sacramento? Homes averaged 51 cumulative days on market in October 2026, 6 days longer than September and 1 day faster than October 2025.
Talk strategy with NEXT
Every neighborhood moves differently than the regional average, and a 0.8% regional change tells you very little about your street. If you are weighing a move, request a market analysis and we will show you what these numbers mean for your home, or the one you want to buy.
NEXT Real Estate Group, ERA Powered | CA DRE #01900920 | Equal Housing Opportunity. Data is deemed reliable but not guaranteed. Market statistics reflect the 4-County Region (Sacramento, Placer, El Dorado and Yolo counties), single-family homes, as reported by TrendGraphix on November 9, 2026.
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