Home Values

Sacramento Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$255,700

  • 8.4% 1-year change
  • 5.4% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Very Hot

Buyers' Market
Sellers' Market

The median home value in Sacramento is $255,700. Sacramento home values have gone up 8.4% over the past year and Zillow predicts they will rise 5.4% within the next year. The median list price per square foot in Sacramento is $155, which is lower than the Sacramento Metro average of $182. The median price of homes currently listed in Sacramento is $225,900 while the median price of homes that sold is $232,800. The median rent price in Sacramento is $1,190, which is lower than the Sacramento Metro median of $1,350.

Foreclosures will be a factor impacting home values in the next several years. In Sacramento 4.9 homes are foreclosed (per 10,000). This is greater than the Sacramento Metro value of 3.3 and also greater than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Sacramento is 5.2%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Sacramento homeowners underwater on their mortgage is 20.3%, which is higher than Sacramento Metro at 15.7%.

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Relative ZHVI
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Sacramento Market Overview

Data through Nov 30, 2014
  • $255,700 ZHVI
  • 5.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $225,900 Median listing price
  • $232,800 Median sale price
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Sacramento Market Health

Data through Nov 30, 2014
  • 4.9/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 20.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

4.9 homes Sacramento
3.3 homes Sacramento Metro
4.2 homes United States
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Neighborhoods in Sacramento

Name Median ZHVI
East Sacramento $439,600
Curtis Park $434,200
Midtown - Winn Park Capital Avenue $389,800
Name Median ZHVI
Elmhurst $351,400
New Era Park $340,300
West Tahoe Park $247,400
Name Median ZHVI
North Oak Park $213,000
 
 

Listings & Sales

Data through Nov 30, 2014
  • $155 Median list price / sq ft
  • $157 Median sale price / sq ft
  • No data Listings with price cut
15.6%
Sold below listing
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Sacramento Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,367 Sacramento
    $1,615 Sacramento Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,190 Rent list price
  • $1.01 Rent list price / sq ft
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