14 homes in Elk Grove
Homes for Sale in Elk Grove, TN
About Elk Grove, TN Real Estate
Elk Grove is a city in Sacramento County, California, United States. Located just south of the state capital of Sacramento, it is part of the Sacramento metropolitan area. As of the 2020 Census, the population of the city was 176,124. A 2025 Census estimate puts the population of the city at 185,007. Elk Grove has many wineries, wine cellars, and vineyards. Elk Grove was the fastest-growing city in the U.S. between July 1, 2004, and July 1, 2005, and is also presently the second-largest city in Sacramento County by population.
Elk Grove is a community in California offering diverse housing options and local amenities. The city provides residents with access to quality schools, parks, shopping, and dining, making it an attractive option for homebuyers seeking comfortable living in California.
Today, Elk Grove has 14 homes for sale at a median price of $615,000, typically selling in about 75 days. Families here choose from 23 schools rated 8 or higher on the Topfind School Score.
Top Rated Schools in Elk Grove
Powered by the Topfind School Score
- 10Elliott Ranch Elementaryelementary
- 10Zehnder Ranch Elementaryelementary
- 9Arlene Hein Elementaryelementary
- 9Carroll Elementaryelementary
- 9Edna Batey Elementaryelementary
- 9Elizabeth Pinkerton Middleintermediate/middle/junior high
Why Live in Elk Grove?
- Local schools and educational opportunities
- Parks and recreational facilities
- Shopping and dining options
- Access to major freeways and transportation
Elk Grove Market Pulse
Median Home Price
$550K
↓ 9.1% over the past yearMonths of Supply
Estimated time to sell all listings at the current sales pace
4.7 months of supply
Balanced Market14 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step—a steady flow of options without a glut. Listings typically sell in ~75 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market—buyers often have strong leverage to negotiate price, terms, and repairs. Sales 79% faster than 6 months ago.
Inventory Distribution
Homes are selling at a healthy pace—more listings move within 30 days than sit longer on the market.
Most homes are selling within a month, but a meaningful share is starting to linger longer.
Housing Tenure in Elk Grove
Homeownership is significantly higher than average—this is a homeowner-dominated market with more long-term residents.
74%
Homeowners
26%
Renters
Homeownership is 18.5% higher than the California average (55.5%)
54,707 households (2023)
Affordability Snapshot
Typical home cost
$4,216/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 41% of the median household's income.
For reference, lenders typically recommend spending ≤28%.
Income needed to afford a typical home comfortably
$181K/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
Home prices rise significantly with each additional bedroom.
Each additional bedroom adds about $127K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 2 → 3 bedrooms (+$238K)
Price Reductions
6 listings have reduced their price
43% of active listings
Average reduction: 5.0% (~$31K)
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