What Can I Buy For $387,000 – The Median Sales Price in the Sacramento Region

Nationwide in January, median existing home prices rose by 2.8 percent compared to the same month in 2018, this was the smallest increase since February of 2012.  Locally in the four county Sacramento region, the median price increased by just 1.8 percent.  While this may seem like an alarming trend, these seasonal slowdowns are normal for the real estate market, illustrated by the last 5 years of median price in the four county region.
This softening in price, along with a recent decrease in mortgage rates have encouraged many to make the jump and start searching for a new home. But just how far will your money go in today’s real estate market? The median sales price for single family homes is currently $387,000, but Sacramento is very diverse across the four-county region.  We’ve put together a sampling of homes below that have sold recently in the area to give you an idea of how far $387k will go in different neighborhoods.

Visit our Always Up To Date Market Statistics page for a deep dive into all of the latest real estate market trends.

presented by
Brian Kellogg, Realtor
Kellogg Family Real Estate Team
of Lyon Real Estate
Call, Text or Email
(916) 587-1823 | BK@GoLyon.com


Arden-Arcade


Sales Price: $406,100
List Price: $399,000
Days on Market: 7
Price per Sq Ft: $259
3 Bedrooms | 2 Bathrooms | 1,562 Square Feet | 0.14 Acre Lot | Built in 1955
“Beautifully remodeled home, in Garden of the Gods. Lovely 3 bedroom, 2 bathroom 1562 sq. ft. Great Floor-plan, gorgeous upgraded kitchen with beautiful modern counter tops and all white kitchen cabinets and top of the line appliances. Location, location, location!!!”
Courtesy of Lyon Real Estate

Search Homes For Sale in Arden-Arcade

Auburn


Sales Price: $400,000
List Price: $409,000
Days on Market: 54
Price per Sq Ft: $280

3 Bedrooms | 2½ Bathrooms | 1,426 Square Feet | 0.64 Acre Lot | Built in 1977
“Cute Christian Valley Rancher with 3 bedrooms 2 baths on .64 acres. Beautiful circular cement driveway. Fresh interior paint and carpet. Easy location, approximately 8 minutes from I-80. Come make this one your own!”
Courtesy of Lyon Real Estate

Search Homes For Sale in Auburn

Carmichael

Sales Price: $372,000
List Price: $399,000
Days on Market: 81
Price per Sq Ft: $245

3 Bedrooms | 2 Bathrooms | 1,516 Square Feet | 0.25 Acre Lot | Built in 1960
“A place for the whole family, turn-key. Welcomes you home, well kept with large bonus room, updated bathrooms & kitchen. Home features newer pergo flooring & carpet. This low maintenance landscaped yard includes .25 of an acre with cabana pergola, fenced vegetable garden & fruit bearing trees. 2 orange trees, grapefruit, apple, lemon, plum, peach, walnut, & pomegranate. Clear Pest-Section 1 & 2. Close to schools, transportation, shopping and dining with lots of storage”
Courtesy of Lyon Real Estate

Search Homes For Sale in Carmichael

Citrus Heights


Sales Price: $382,500
List Price: $365,000
Days on Market: 1
Price per Sq Ft: $257

3 Bedrooms | 2 Bathrooms | 1,490 Square Feet | 0.23 Acre Lot | Built in 1986
“From the moment you drive up, you’ll see the beauty in this meticulously maintained home! Updated Kitchen with Stainless Appliances * Granite Counters * Tile Floors * Cute Nook with Full Length Windows and Wood Blinds * Garden Window Overlooking your Spacious Backyard * Large Great Room with Newer Laminate Floors * Pellet Stove * Freshly Painted * Big Screen TV with Surround Sound System negotiable * Vaulted Ceilings * Upgraded Light Fixtures and Ceiling Fans * Spacious Master Suite with Walk-in Closet * Updated Bathrooms * Fabulous Shower * Shutters * Solar Tube Lighting * Whole House Fan * Large Garage with Cabinets * Gated RV with Extra Driveway Space * Sheds * Covered Patio – Great for Entertaining in a Private Backyard”
Courtesy of Lyon Real Estate

Search Homes For Sale in Citrus Heights

College Greens

Sales Price: $400,000
List Price: $398,500
Days on Market: 71
Price per Sq Ft: $264

4 Bedrooms | 2 Bathrooms | 1,514 Square Feet | 0.14 Acre Lot | Built in 1979
“Outstanding College Greens location on a quiet, tree lined street. This 1 story, 4 bedroom home is truly turn-key! New stucco & siding exterior – completely new kitchen & both bathrooms – New commercial laminate flooring & new carpet – New windows + door & trim package – new paint inside & out – new gutters & downspouts – new yard fencing – new lighting & plumbing fixtures… All this on a level lot with plenty of yard for entertaining or gardening or letting the kids play!”
Courtesy of Lyon Real Estate

Search Homes For Sale in College Greens

Davis


Sales Price: $399,000
List Price: $399,000
Days on Market: 8
Price per Sq Ft: $356

2 Bedrooms | 1½ Bathrooms | 1,120 Square Feet | Built in 1985 | HOA Dues: $170/mo
“Delightful Stonegate Woods 2 bdrm condo available for immediate move in. This well-maintained condo is an end unit, which means a large yard for gardening, entertaining, and privacy since there are no back neighbors. Stonegate Country Club privileges include a swimming pool, tennis courts, gym, and lakefront clubhouse. Convenient to UCD, shopping, bus lines, and freeway access. Newer hot water heater, carpeting, flooring, low-flow toilets, and more.”
Courtesy of Lyon Real Estate

Search Homes For Sale in Davis

Elk Grove

Sales Price: $395,000
List Price: $398,000
Days on Market: 28
Price per Sq Ft: $184

3 Bedrooms | 2½ Bathrooms | 2,140 Square Feet | 0.16 Acre Lot | Built in 1990
“All ready to go with fresh floors, paint inside & out, and a newer roof plus additional recent upgrades. Vaulted ceilings w/plenty of windows create a bright, airy feeling. Separate formal dining room has a wet bar for enhanced entertaining. The master bedroom is spacious. The master bathroom offers double vanity, separate shower & tub. Extra-large yard for outdoor entertaining plus side patio & dog run. Great location! close to excellent Elk Grove schools, nearby parks and shopping.”
Courtesy of Lyon Real Estate

Search Homes For Sale in Elk Grove

Fair Oaks

Sales Price: $389,000
List Price: $399,000
Days on Market: 19
Price per Sq Ft: $223

4 Bedrooms | 2½ Bathrooms | 1,744 Square Feet | 0.15 Acre Lot | Built in 1970
“Home located in a very established Fair Oaks neighborhood. Stunning fully remodeled kitchen with stainless appliances, impressive granite counter tops and full back splash. Features include dual pane windows, functional floor plan, newer HVAC(2013). The professionally landscaped park like back yard, gazebo, low maintenance ample, room for entertaining. This home is close to schools and shopping center.”
Courtesy of Lyon Real Estate

Search Homes For Sale in Fair Oaks

Greenhaven/Pocket Area

Sales Price: $385,000
List Price: $389,000
Days on Market: 9
Price per Sq Ft: $268

2 Bedrooms | 2 Bathrooms | 1,432 Square Feet | 0.15 Acre Lot | Built in 1964
“Convenient & close to greenbelt. Family & friends will love to gather in the light, open & spacious living areas w/brick fireplace & built-ins looking out to yard. Kitchen has fun accent tiles, an abundance of counters & cabinets & cozy eating area. Lg rear master suite & roomy second bedroom both have lots of closet space. Two white tiled bathrooms. Hardwood under carpet per prior owner. Excellent storage throughout. Mature landscaping, covered patio. Oversized garage w/work bench & storage.”
Courtesy of Lyon Real Estate

Search Homes For Sale in Greenhaven/Pocket Area

Midtown / Downtown

Sales Price: $388,500
List Price: $399,000
Days on Market: 194
Price per Sq Ft: $375

2 Bedrooms | 2 Bathrooms | 1,037 Square Feet | Built in 1980 | HOA Dues: $464/mo
“You just can’t beat this Midtown location! This spacious, remodeled condo is located in the heart of Sacramento’s trendy gourmet restaurant district – walking distance to Waterboy, LowBrau, Zocalo’s, The Porch and Tank House. Nightlife also abounds with nearby upscale clubs and a bevy of art galleries, retail stores and coffee shops. This home is light and airy and just over 1,000 square feet. Both the kitchen and 2 full bathrooms have been completely updated. All you have to do is – move in!”
Courtesy of Lyon Real Estate

Search Homes For Sale in Midtown / Downtown

Orangevale

Sales Price: $410,000
List Price: $409,900
Days on Market: 42
Price per Sq Ft: $201

3 Bedrooms | 3 Bathrooms | 2,032 Square Feet | 0.16 Acre Lot | Built in 2015
“Beautiful move in ready Orangevale home built by L&H Construction. Numerous builder upgrades & in excellent condition. Granite countertops, beautiful crown molding and baseboards, window & door casings, hardwood flooring, tile shower surrounds w/glass tile accents, wrought iron staircase. Bedroom & full bath downstairs. Large master with walk-in closet & tub, laundry w/storage, & large secondary family room upstairs. Open backyard for entertaining. Gated community, HOA maintains front yards.”
Courtesy of Lyon Real Estate

Search Homes For Sale in Orangevale

Rancho Cordova

Sales Price: $389,000
List Price: $389,000
Days on Market: 43
Price per Sq Ft: $275

3 Bedrooms | 2 Bathrooms | 1,417 Square Feet | 0.11 Acre Lot | Built in 2006
“Located on a corner lot in a quiet community where pride of ownership is evident! Open, light and bright! Sellers have meticulously cared for this home and have added many upgrades: Faux wood beams in kitchen/living room, crown molding in bedrooms/master bath, wood floor, NEW carpet, surround sound in living area, travertine backsplash in kitchen and finished walls and epoxy floor in garage. Front and back yards have been professionally landscaped and side yard has raised planter beds! NO HOA’s!”
Courtesy of Lyon Real Estate

Search Homes For Sale in Rancho Cordova

Roseville

Sales Price: $375,000
List Price: $379,000
Days on Market: 49
Price per Sq Ft: $282

3 Bedrooms | 2 Bathrooms | 1,331 Square Feet | 0.14 Acre Lot | Built in 1992
“Immaculate single story with open flowing floor plan*Family room w/fireplace flows off the kitchen*Separate formal dining & living areas*Master has direct access to private backyard w/patio*Features fresh interior & exterior paint, new carpet & pad & more*Wonderful Roseville location close to parks, schools, shopping, golf & more”
Courtesy of Lyon Real Estate

Search Homes For Sale in Roseville

Shingle Springs

Sales Price: $385,000
List Price: $405,000
Days on Market: 115
Price per Sq Ft: $262

3 Bedrooms | 2 Bathrooms | 1,472 Square Feet | 1.19 Acre Lot | Built in 1989
“Welcome to the Country, yet close to Hwy 50 Access! This Lovely One Story 3 Bedroom, 2 Bathroom home on a Fenced and Gated Acre with end of Road Privacy is now ready for you! You will enjoy the expansive covered and uncovered decking for extra living space and entertaining. Updated Kitchen with Corian Countertops, Dining Bar and Tile Floors. Spacious Living Room with Pellet Stove. Large Master Bedroom with outside access. Covered Dog Run. Large Storage Shed.”
Courtesy of Lyon Real Estate

Search Homes For Sale in Shingle Springs

Can I Afford a Median-Priced Home?

Sales Price: $387,000
Down Payment: 3%
Loan Type: Conventional
Monthly PITI payment: $2,552
Rate: 4.375%
Total Cash to close: $19,800

Sales Price: $387,000
Down Payment: 10%
Loan Type: Conventional
Monthly PITI payment: $2,356
Rate: 4.5%
Total Cash to close: $47,900

Sales Price:  $387,000
Down Payment: 20%
Loan Type: Conventional
Monthly PITI payment:  $2,054
Rate: 4.5%
Total Cash to close: $86,200


Sales Price: $387,000
Down Payment: 3.5%
Loan Type: FHA
Monthly PITI payment: $2,581
Rate: 4%
Total Cash to close: $22,700

Sales Price: $387,000
Down Payment: 0%
Loan Type: VA
Monthly PITI payment: $2,393
Rate: 4%
Total Cash to close: $9,320

For more information about pre-qualification, contact:

Chris Stahl, Silver Oak Funding
(916) 880-2300 | CStahl@sofunding.net

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