Rocklin Homes For Sale in October

Posted by Phil Boren on Wednesday, October 30th, 2013 at 2:24pm.

Rocklin, CA homes have seen a modest shift in the market over the past few months, with an average decrease in the median price of a sold listing of 6%, based on data from MetroList® today.  Specifically, the median price of a sold listing in Rocklin has decreased from about $367K to $345K, while the median price of a new listing in Rocklin has increased by about 2.1% over the same time period - from $373K to $381K.  These are signs of a shifting real estate market, which has been influenced by the increase in the number of homes for sale in the Rocklin market by over 4%.

As of today, there are 132 active (excludes pending sales), Rocklin homes on the market, with a range in price from $142K to $899K and an average list price of about $433K.  The average home on the market is about 2,305 sf and the average days on market for these active listings right now is 43.  Rocklin offers good schools and a location that's convenient to shopping and to I-80, and offers a wide variety of home styles and prices in neighborhoods like Whitney Oaks and Sanford Ranch.  It's also popular because of its proximity to Roseville, Loomis, and Lincoln.

The following charts summarize the median price of a sold listing in Rocklin as well as the number of residential units listed and sold, over the past six months:

 rocklin real estate statistics, rocklin homes

 rocklin homes for sale, placer county real estate

One thing that becomes clearer when you look at these charts, is that the volume of home sales in Rocklin has declined in the last 3 months from an average of 22 to 19, which could be a reaction to the recent upward tick in mortgage interest rates, but is more likely influenced by the modest increase in the number of homes for sale, i.e. competition, by 4.6%.  With the combination of a decrease in the median price of a sold listing and the decrease in the number of units sold over the same time period, the Rocklin real estate market may be in a state of transition.  There are a number of lower-priced homes on the market right now, which influences these numbers.  The problem is that the decline in the number of homes sold came at a time of the year (June through September), when sales volume is generally more robust.  If the trend of declining sales volume and increased supply of homes on the market continues, the Rocklin market could start to see the median price decline further in response.

If you're interested in buying or selling a Rocklin home, please call us at 916-960-8895 for a free consultation.

(C) Copyright 2014 - 2018, Phil Boren. All Rights Reserved. 

Phil Boren
Call/Text: 1-916-960-8895
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