Elk Grove, CA Housing Market Report

The Elk Grove real estate market as of December 2025 is characterized by a notable shift toward a more balanced environment, trending slightly in favor of buyers. With a median home value of $627,175, the market has seen a year-over-year decline of 3.67%. This cooling is further evidenced by the increase in active inventory, which has risen nearly 4% to 4,537 units, and a significant extension in the time homes spend on the market. Properties are now averaging 65 days to sell, which is 13 days longer than the previous year, suggesting that the frantic pace of previous cycles has stabilized.

Price trends over the last six months indicate a period of price discovery and stabilization. After a steady decline from July through October, values began a modest recovery in the final two months of the year, rising from a low of $625,872 in October to the current $627,175. This suggests that while the annual trend is down, the market may be finding a floor. The sale-to-list ratio remains strong at 0.99, indicating that while buyers have more leverage and time to negotiate, homes are still selling very close to their asking prices when priced correctly for the current climate.

Looking ahead, the Elk Grove market offers a unique window for prospective homeowners who were previously priced out. The combination of rising inventory and longer market times provides buyers with the luxury of choice and negotiation power that was absent in recent years. For sellers, the strategy must shift toward realistic pricing and patience, as the days of immediate bidding wars have largely subsided. The rental market remains resilient with a 1.11% year-over-year increase, suggesting that housing demand in the Sacramento-Roseville-Folsom metro area remains fundamentally sound despite the correction in purchase prices.