Elk Grove Housing Market Report – March 2026
Here's a look at how the Elk Grove, CA real estate market performed in March 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 125
- Median Sale Price: $675,000
- Average Sale Price: $1,393,033
- Average Price Per Sq Ft: $316
- Average Days on Market: 71
- Sale-to-List Price Ratio: 98.9%
Month-Over-Month Trends
Compared to February, the median sale price in Elk Grove moved 3.8% up (from $650,000 to $675,000). The number of homes sold was 9.6% up compared to the prior month (114 vs. 125). Average days on market shifted 6.0% up (67 days to 71 days).
Year-Over-Year Comparison
Compared to March 2025, the median sale price is 2.2% down (from $690,000 to $675,000). Sales volume is 16.1% down year-over-year.
What This Means
Elk Grove's housing market is showing mixed signals this March, with some encouraging momentum offset by longer-term softness. Sales volume jumped nearly 10 percent month-over-month to 125 homes, a healthy rebound that likely reflects spring seasonality kicking in as buyers shake off winter doldrums. The median sale price climbed 3.8 percent to $675,000, suggesting renewed buyer interest. However, the year-over-year picture tells a different story: we're down 16 percent in sales and 2.2 percent in median price compared to March 2025, indicating the market hasn't fully recovered from the pressure of elevated mortgage rates that persisted through much of 2025.
What's particularly telling is that homes are sitting on the market about a week longer now compared to just last month, creeping up to 71 days. Though the sale-to-list ratio of 98.9 percent shows sellers still have modest negotiating power, that growing inventory of 428 active listings suggests supply is gradually loosening. Buyers aren't in a rush, and neither are homes moving quickly. For now, Elk Grove remains a balanced market with slight buyer advantage, making it worth monitoring how April shapes up as spring fully takes hold.
Elk Grove Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95757 | 64 | $865,500 | $297 | 91 |
| 95624 | 34 | $566,000 | $306 | 70 |
| 95758 | 27 | $560,000 | $350 | 49 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 79 | $639,000 | $321 |
| LAND | 40 | $1,755,500 | N/A |
| CONDOS | 3 | $356,000 | $363 |
| MOBILE | 3 | $75,000 | $68 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 2 |
| $100K - $199K | 1 |
| $200K - $299K | 2 |
| $300K - $399K | 3 |
| $400K - $499K | 11 |
| $500K - $749K | 62 |
| $750K+ | 44 |
Current Active Listings
As of this report, there are 428 active listings in Elk Grove with a median asking price of $676,950 and an average of 43 days on market.
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