August home sales remain hot, median price hits $400,000 in Elk Grove

Home sales in the Elk Grove area continued to stay hot and the median price of homes sold climbed to $400,000 in the month of August.

Total homes sold in August 2017 saw a 10% drop compared to 2016. In 2016 254 homes were sold in August and 229 sold in 2o17.  The median home sales price rose considerably the past year, from $361,000 in August 2o16 to $400,000 in 2017.  That amounts to a 10% increase.  Average days on the market for homes sold was 18 in August. September is not showing any signs of slowing up. There are currently 273 homes that are pending sale.