Where Can You Buy Below Sacramento’s Median Housing Price?

Do not get discouraged that choices are limited below Sacramento’s median housing price.

When you see Sacramento’s median housing price rose to $317,000 for April, you might wonder what you can buy for that and where can you buy it? Some of you might question whether we’re headed for a bubble, but that’s unlikely. Our median housing price was $374,000 at the height of the market in the summer of 2005. We’re a ways from that. Plus, lending is too restrictive now and many buyers are paying cash. If you’re thinking “bubble” forget those thoughts. Can’t blame the bubble.

If you feel the need to point the fickle finger of fate at somebody, point it at the White House. Interest rates are going up, but that was inevitable. Blame yourself, perhaps, for not buying at the bottom of the market in 2011, or just suck it up and get over it. What are ya gonna do anyway? Move to Texas? Because Sacramento is one of the most affordable places to live in California.

I took a peek into the MLS to see if I could show you what’s for sale in Sacramento. I wanted to answer the question: where can you buy below Sacramento’s median housing price. Below are the numbers I found. Bear in mind these numbers constitute ALL of Sacramento County, from Antelope out into the hitherlands of Isleton.

In all of Sacramento, we have 531 homes for sale below Sacramento’s Median Housing Price. Here is the breakdown, including photos of recent pending and closed sales that were listed by Elizabeth Weintraub at Lyon Real Estate:

Under $200,000 for sale (below Sacramento’s Median Housing Price):

5901 Meghan Way in Foothill Farms sold under $200K, listed by Elizabeth Weintraub, Lyon.

63 homes under $200K

Most of these are in North Sacramento, North Highlands or Tallac Village.

$201,000 to $250,000 for sale (below Sacramento’s Median Housing price):

8375 Holly Jill in 95823 sold at $245K, listed by Elizabeth Weintraub, Lyon.

144 homes, $201K to $250K

Most of these are in North Sacramento, Oak Park, South Sacramento

$251,000 to $300,000 for sale (below Sacramento’s Median Housing price):

2808 American Av in Gardenland sold at $270K, listed by Elizabeth Weintraub, Lyon.

215 homes, $251K to $300K

These are more scattered, in Carmichael, Citrus Heights, Rio Linda, Rancho Cordova, South Sacramento and South Natomas.

$300,000 to $325,000 for sale (right at Sacramento’s Median Housing price):

8233 Crystal Walk in Elk Grove sold at $306,000, listed by Elizabeth Weintraub, Lyon.

109 homes, $300K to $325K

Scattered more still, among Citrus Heights, Elk Grove and Elk Grove school districts of 95828 and 95829, South Sacramento, Rosemont, Natomas, Foothill Farms and Antelope.

What Can You Buy in the Capitol Corridor of Sacramento under $400,000?

2709 2nd Avenue in Curtis Park sold at $390,000, listed by Elizabeth Weintraub, Lyon

In the inner core corridor of Sacramento, which is Downtown, Midtown, East Sac, Land Park and Curtis Park, we have 8 single-family homes for sale under $400,000. They are mostly around 1,000 square feet, and priced between $329,000 and $400,000. (This report does not include condos.) 

What does this mean for Sacramento home buyers? It means tough competition in the median housing price market, multiple offers and you better have hired a top-notch buyer’s agent or you’ll buy nothing. You might have to write more than one offer in this market, and only the strong will persevere. If you get discouraged easily, maybe this is not the market for you.

Will you be one of the lucky 500 homebuyers in Sacramento County to buy a single-family home below $325,000?

Hey, if you’re a fighter, and you believe in yourself, in your family and in your agent’s ability to find and negotiate the winning offer, you will buy a home. You can count on it. Just don’t expect it to be easy.

Need help? I can connect you with an exclusive buyer’s agent from the Elizabeth Weintraub Team ready to assist. Call Elizabeth at 916.233.6759.