Real Estate Market Update for Elk Grove, CA

Video: Real Estate Community Tour for Elk Grove, CA

See Real estate community tour for Elk Grove, CA
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 24% from one year earlier, and down 16% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 390-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 3%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 330-thousand dollars. The number of units sold increased 8% year-over-year, and increased 13% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Elk Grove, CA
Area Information for Elk Grove, CA
  • Population: 156,958
  • Median Age: 33.56 yr
  • Median Commute Time: 27.49 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 3,720/sq mi
  • Population Change Since 2000: 92.83%
  • Closest Airport: Sacramento International
  • Closest College: Bethany University
  • Closest Jr. College: Cosumnes River College
  • Median Household Income: $81,618
  • Annual Residential Turnover: 26.68%
  • Median Years in Residence: 2.94 yr
  • Median Home Sales Price: $225,000
  • Closest Major Sports Team: Sacramento River Cats
  • Change Avg. Household Income Since 2000: 21%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Elk Grove, CA
Median Age: 33.56 Married: 36% Number of Households: 48,282 Households with Children: 24,858
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Elk Grove, CA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Markofer (florence) Elementary 0.4 mi Public K-6 2-5 4
      Elk Grove High School 0.5 mi Public 9-12 3-5 4
      Jessie Baker School 0.9 mi Public UNGRADE-UNGRADE 0 5
      Kerr (joseph) Middle School 1.0 mi Public 7-8 4 4
      Montessori Country Academy 1.1 mi Private PRESCHOOL-K 0 0
      Elk Grove Montessori School 1.2 mi Private PRESCHOOL-K 0 0
      Cosumnes Oaks High School 1.3 mi Public 9-12 3-5 5
      Elizabeth Pinkerton Middle School 1.4 mi Public 7-8 4-5 4
      Elk Grove Elementary 1.7 mi Public K-6 3-5 4
      Mckee (james A.) Elementary 1.8 mi Public PRESCHOOL-6 3 4
      Feickert (ellen) Elementary 1.9 mi Public K-6 3-5 4
      Edna Batey Elementary School 2.1 mi Public K-6 4 4
      California Montessori Project-elk Grove Campus 2.1 mi Public K-8 3 5
      Alan Rowe College Prep 2.4 mi Public - 0 0
      Pleasant Grove High School 2.5 mi Public 9-12 4-5 4
      Donner (elitha) Elementary 2.7 mi Public PRESCHOOL-6 2-5 4
      Katherine L Albiani Middle School 2.9 mi Public 7-8 4 4
      Arlene Hein Elementary 2.9 mi Public K-6 4 4
      First Baptist Church Kindergarten 3.0 mi Private K-K 0 5
      Eddy (harriet G.) Middle School 3.1 mi Public 7-8 2-5 3
      Lutheran High School 3.1 mi Private 9-12 0 4
      Franklin High School 3.2 mi Public 9-12 4 4
      St. Peter's Lutheran 3.2 mi Private PRESCHOOL-8 0 4
      St Elizabeth Ann Seton Catholic 3.3 mi Catholic PRESCHOOL-8 0 5
      Carroll Elementary 3.4 mi Public K-6 3-5 4
      Toby Johnson Middle School 3.4 mi Public 7-8 3-5 3
      Case (raymond) Elementary 3.5 mi Public K-6 3-5 4
      Roy Herburger Elementary 3.5 mi Public K-6 3 4
      Elk Grove Charter 3.6 mi Public 7-12 0 4
      Foulks Ranch Elementary 3.7 mi Public K-6 3-5 4
      Butler (arthur C.) Elementary 3.8 mi Public K-6 3-5 4
      Edward Harris, Jr Middle School 3.8 mi Public 7-8 3 3
      Laguna Creek High School 3.9 mi Public 9-12 3 3
      Helen Carr Castello Elementary 3.9 mi Public K-6 3-5 4
      Monterey Trail High School 4.0 mi Public 9-12 3 4
      Pleasant Grove Elementary 4.0 mi Public K-6 4 5
      Irene B West Elementary 4.1 mi Public K-6 3-5 4
      Ehrhardt (john) Elementary 4.3 mi Public K-6 3-5 4
      Stone Lake Elementary 4.8 mi Public K-6 4 4
      Franklin Elementary 4.9 mi Public PRESCHOOL-6 3-5 4
      Elliott Ranch Elementary School 5.6 mi Public K-6 4-5 5
      Sims (joseph) Elementary 5.7 mi Public K-6 3-5 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Elk Grove, CA
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.