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Featured local agent — Elk Grove, CA
Sarah Mitchell
Compass Real Estate · Elk Grove, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elk Grove, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$621,360median sale price
How is the Elk Grove, CA housing market right now?
The median home sale price in Elk Grove, CA is $621,360, down 2.1% year-over-year. Homes sell in an average of 19 days with 262 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Elk Grove a buyer's or seller's market?
Elk Grove, CA is currently a seller's market, based on 2.5 months of supply and homes selling in about 19 days. How we determine this →
Homes sold
106
Last 12 weeks
Days on market
19
Fast-moving
Active listings
262
2.5 months supply
Sale-to-list
99.8%
Below asking
What does the Elk Grove housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $621,360 |
| Median list price | $645,000 |
| Year-over-year price change | -2.1% |
| Average days on market | 19 days |
| Active inventory | 262 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 99.8% |
| Median price per sq ft | $323/sq ft |
| Homes sold (latest month) | 106 |
| New listings (latest month) | 153 |
| Listings with a price cut | 37.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Elk Grove by property type?
How the Elk Grove, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $621,360 | $323/sq ft | 104 | 17 days |
| Condo / Co-op | $342,000 | $329/sq ft | 1 | 42 days |
| Townhouse | $326,500 | $329/sq ft | 1 | 19 days |
Source: Redfin · Updated monthly
The Elk Grove housing market is currently classified as a seller's market with a median sale price of $621,360. Prices have fallen 2.1% compared to last year, with homes spending an average of 19 days on market, indicating 2.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.2x provides context for how home values compare to local earning capacity.
Homes for sale in Elk Grove
There are currently 262 homes listed for sale in Elk Grove, California. The median listing price is $645K.
Active listings
262
Homes on market
Median list price
$645K
Avg. days on market
19
Days until sale
New this week
153
Newly listed
Who lives in Elk Grove?
Population
177,221
Median income
$122,229/yr
Median age
39 years
Owner-occupied
73.9%
College grads
38.0%
Avg commute
32.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Elk Grove?
Zillow home value
$637,106
Zillow rent index
$2,688/mo
Price-to-rent ratio
19.8x
Price-to-income
5.2x
Source: Zillow Research
What is it like to live in Elk Grove?
Elk Grove is a community of approximately 177K residents with a median age of 39 years.The median household income is $122,229, which reflects a relatively affluent area with strong earning potential. 38.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 73.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Elk Grove offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elk Grove?
39 schools tracked · 39,276 students
The largest public schools serving Elk Grove, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Franklin High
Grades 9-12 · 2,659 students
Pleasant Grove High
Grades 9-12 · 2,512 students
Monterey Trail High
Grades 9-12 · 2,298 students
Cosumnes Oaks High
Grades 9-12 · 2,151 students
Laguna Creek High
Grades 9-12 · 2,119 students
Elk Grove High
Grades 9-12 · 1,692 students
Katherine L. Albiani Middle
Grades 7-8 · 1,391 students
Toby Johnson Middle
Grades 7-8 · 1,335 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Elk Grove, CA?
Want a head-to-head view? Compare Elk Grove side-by-side with any other U.S. city using our market-comparison tool.
Is Elk Grove a good real estate investment market?
For investors evaluating Elk Grove, the price-to-rent ratio of 19.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 2.1% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Elk Grove's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Elk Grove's median home price.
Frequently asked questions
What is the average home price in Elk Grove?
The median home sale price in Elk Grove is $621,360, down 2.1% from last year.
How long do homes stay on market in Elk Grove?
Homes typically spend 19 days on market before going under contract.
What is the median income in Elk Grove?
The median household income is $122,229 per year.
Is Elk Grove a buyer's or seller's market?
With 2.5 months of supply, Elk Grove is currently a seller's market.
What is the Zillow home value estimate for Elk Grove?
The Zillow Home Value Index (ZHVI) for Elk Grove is $637,106, representing the typical home value in the area.
What is the median condo price in Elk Grove?
The median condo/co-op sale price in Elk Grove, CA is $342,000, compared to $621,360 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Elk Grove?
The median single-family home price in Elk Grove, CA is $621,360 (about $323 per square foot).
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