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 April's Market Update. Let’s take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 39% from one year earlier, and down 19% 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 430-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 32%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 350-thousand dollars. The number of units sold decreased 2% year-over-year, and increased 7% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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: 162,092
  • Median Age: 35.24 yr
  • Median Commute Time: 29 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 3,842/sq mi
  • Population Change Since 2000: 97.57%
  • Closest Airport: Sacramento International
  • Closest College: California State University-sacramento
  • Closest Jr. College: Cosumnes River College
  • Median Household Income: $79,315
  • Annual Residential Turnover: 16%
  • Median Home Sales Price: $305,000
  • Closest Major Sports Team: Sacramento River Cats (aaa)
  • Change Avg. Household Income Since 2000: 24.45%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Elk Grove, CA
Median Age: 35.24 Married: 43% Number of Households: 50,799 Households with Children: 22,453
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 School Rating Parent Rating
      Florence Markofer Elementary School 0.4 mi Public K-6 3 0
      Elk Grove High School 0.5 mi Public 9-12 4 3
      Cosumnes Oaks High School 0.8 mi Public 9-12 4 4
      Jessie Baker School 0.9 mi Public UNGRADE-UNGRADE 0 0
      Joseph Kerr Middle School 1.0 mi Public 7-8 3 0
      Montessori Country Academy 1.1 mi Private PRESCHOOL-K 0 0
      Elk Grove Montessori School 1.1 mi Private PRESCHOOL-K 0 0
      Elizabeth Pinkerton Middle School 1.4 mi Public 7-8 4 0
      Elk Grove Elementary School 1.7 mi Public K-6 4 0
      James A. Mckee Elementary School 1.8 mi Public PRESCHOOL-6 4 0
      Ellen Feickert Elementary School 1.8 mi Public K-6 3 0
      Edna Batey Elementary School 2.1 mi Public K-6 4 0
      California Montessori Project - Elk Grove Campus School 2.1 mi Public K-8 3 0
      Alan Rowe College Prep 2.4 mi Public PRESCHOOL-4 0 0
      Pleasant Grove High School 2.6 mi Public 9-12 5 4
      Elitha Donner Elementary School 2.7 mi Public PRESCHOOL-6 3 0
      Katherine L. Albiani Middle School 2.9 mi Public 7-8 5 0
      Arlene Hein Elementary School 2.9 mi Public K-6 5 0
      Harriet G. Eddy Middle School 3.0 mi Public 7-8 3 0
      First Baptist Church Kindergarten 3.0 mi Private K-K 0 0
      Lutheran High School 3.1 mi Private 9-12 0 0
      Franklin High School 3.2 mi Public 9-12 5 4
      St. Peter's Lutheran 3.2 mi Private PRESCHOOL-8 0 0
      St Elizabeth Ann Seton Catholic School 3.3 mi Catholic PRESCHOOL-8 0 0
      Carroll Elementary School 3.4 mi Public K-6 4 0
      Toby Johnson Middle School 3.4 mi Public 7-8 4 0
      Raymond Case Elementary School 3.5 mi Public K-6 4 0
      Roy Herburger Elementary School 3.5 mi Public K-6 4 0
      Elk Grove Charter School 3.6 mi Public 7-12 2 0
      Foulks Ranch Elementary School 3.7 mi Public K-6 4 0
      Arthur C. Butler Elementary School 3.8 mi Public K-6 4 0
      Edward Harris, Jr. Middle School 3.8 mi Public 7-8 3 0
      Helen Carr Castello Elementary School 3.8 mi Public K-6 4 0
      Laguna Creek High School 3.9 mi Public 9-12 4 3
      Monterey Trail High School 4.0 mi Public 9-12 4 3
      Pleasant Grove Elementary School 4.0 mi Public K-6 4 0
      Irene B. West Elementary School 4.1 mi Public K-6 3 0
      John Ehrhardt Elementary School 4.3 mi Public K-6 3 0
      Marion Mix Elementary 4.9 mi Public PRESCHOOL-6 0 0
      Franklin Elementary School 4.9 mi Public PRESCHOOL-6 4 0
      Stone Lake Elementary School 5.2 mi Public K-6 4 0
      Elliott Ranch Elementary School 5.5 mi Public K-6 4 0
      Joseph Sims Elementary School 5.7 mi Public K-6 4 0
      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: Onboard Informatics © 2015. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      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.