Sacramento, California started 2024 with a total of 371 single-family homes on the market, with a median home price of $499,900 and an average price per square foot of $362.84. By the end of the year, inventory had increased to 574 homes on the market (+55%), with a median home price of $515,000 (+3%), and an average price per square foot of $366 (+1%).
At the start of 2024, the median days on market (DOM) was 56 days – by the end of the year, median DOM had decreased to 56 days.
Sacramento, California started the year with 35.31% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 40.42% of homes for sale had taken a price cut.
