Elk Grove, CA Housing Market
Median List Price
$629,999
Updated August 2026
Today, Elk Grove has 19 homes for sale at a median list price of $629,999, typically selling in about 63 days.
Elk Grove Market Analysis
Elk Grove, CA currently shows a median list price of $629,999. There are 19 homes currently listed for sale in Elk Grove, CA. 5 new listings came on the market in the last 30 days.
Three bedroom homes are the most affordable tier at a median of $622,500, while four bedroom homes top the range at $650,000. The housing stock skews toward single family homes, at about 89.5% of active listings. Over the last six months, the median price has risen about 4.2%, from $600,000 in February to $624,900 in July. Median pricing works out to $321 per square foot.
Median time from listing to accepted offer is about 11 days. Homes move quickly at that pace, which favors sellers and rewards buyers who come prepared. Elk Grove, CA covers the 95758, 95624, and 95757 ZIP codes.
Elk Grove Market Pulse
Topfind Market Read
Buyers hold the edge right now. Sale prices have eased 9% over the last six months and are 5% below a year ago, and 6.3 months of supply is more than current demand absorbs. Buyers are firmly in control and can negotiate hard, while sellers need sharp pricing to draw attention.
Median Home Price
$630K
↓ 5% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
6.3 months of supply
Ample Supply19 active listings, plenty of options to choose from.
What this means for buyers
There is more inventory than recent sales absorb, so buyers have plenty of options and stronger footing to negotiate price and terms. Listings typically sell in ~63 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 53% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Elk Grove
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
74%
Homeowners
26%
Renters
Homeownership is 18.5 points higher than the California average (55.5%)
54,707 households (2023)
Affordability Snapshot
Typical home cost
$4,314/mo
Actual housing expense
Affordable budget (28%)
$2,852/mo
Based on median income
Median household income
$10,186/mo
Elk Grove
A typical home costs about 42% of the median household's income.
For reference, lenders typically recommend spending ≤28%.
Income needed to afford a typical home comfortably
$185K/year
Assumes housing costs ≤28% of income
View cost breakdown
20% down, 7% rate, 30-yr fixed. CA averages for tax/insurance.
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $154K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$237K)
Price Reductions
7 listings have reduced their price
37% of active listings
Average reduction: 4.9% (~$31K)
Browse Elk Grove Listings
Frequently Asked Questions about the Elk Grove, CA Housing Market
What is the median home price in Elk Grove, CA?
The median list price in Elk Grove is $629,999 as of August 2026, based on 19 active listings.
Is Elk Grove a buyer's market or a seller's market?
Elk Grove currently reads as a strong buyer's market. Active inventory works out to about 6.3 months of supply at the recent sales pace.
How fast do homes sell in Elk Grove?
Homes that closed in the last 90 days typically went under contract in about 11 days. The average home currently for sale has been on the market for 63 days.
Are home prices in Elk Grove going up or down?
The median sale price in Elk Grove is down about 5.1% compared with a year ago.
How many homes are for sale in Elk Grove, CA?
There are 19 homes for sale in Elk Grove right now, including 3 listed within the last week.