Market Stats

Placer County’s Real Estate Overview: A Year in Review The real estate landscape in Placer County has experienced significant shifts from October 2023 to October 2024. With changes in listings, sales, and prices, understanding these trends is crucial for anyone involved in the local real estate market.

Key Statistics:

• New Listings: Increased by 24.1%, indicating a more competitive market.
• Active Listings: Saw a raise of 30.2%, suggesting more options for buyers.
• Pending Homes: Increased by 39.6%, showing consistent market activity.
• Sold Homes: Increased by 18.7%, reflecting broad market adjustments.
• Median Sales Price: Decreased by 3% to $637,000, highlighting the area’s enduring value.

Detailed Area Breakdown

Roseville

• New Listings: Increased by 36.2%.
• Active Listings: Increased by 21.1%, indicating high demand.
• Pending Homes: Increased significantly by 26%.
• Sold Homes: Increased by 21.4%, aligning with broad market trends.
• Median Sales Price: Slightly decreased by 3.5% to $629,000, a not so positive sign for sellers.

Rocklin

• New Listings: Increased by 32.8%.
• Active Listings: Increased by 28.7%.
• Pending Homes: Significantly increased by 83.3%
• Sold Homes: Decreased by 11.1%.
• Median Sales Price: Decreased slightly by 5.1% to $667,000.

Granite Bay

• New Listings: Increased by 9.1%.
• Active Listings: Raised significantly by 52.1%.
• Pending Homes: Substantially increased by 133.3%.
• Sold Homes: Increased significantly by 64.3%.
• Median Sales Price: Increased by 4.2% to 1,250,000.

Lincoln

• New Listings: Increased by 39.5%.
• Active Listings: Increased by 41.5%.
• Pending Homes: Rose by 47.1%, showing active buyer interest.
• Sold Homes: Increased by 59%.
• Median Sales Price: Slightly up by 1.5% to $619,000.

Conclusion and Implications
The varied trends across Placer County and its areas reflect a dynamic real estate market. While some areas show increased median sales prices, others have seen significant changes in listings and sales. These trends offer both challenges and opportunities for buyers and sellers.

For personalized advice and guidance through the complexities of the local market, the Patrick Woods Group stands ready to assist. Our expertise and deep understanding of these trends can help you make informed decisions, whether you’re buying or selling in Placer County.