Elk Grove Housing Market Report – May 2026
Here's a look at how the Elk Grove, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 190
- Median Sale Price: $658,004
- Average Sale Price: $886,963
- Average Price Per Sq Ft: $330
- Average Days on Market: 52
- Sale-to-List Price Ratio: 99.7%
Month-Over-Month Trends
Compared to April, the median sale price in Elk Grove moved 0.3% down (from $660,000 to $658,004). The number of homes sold was 12.4% up compared to the prior month (169 vs. 190). Average days on market shifted 17.5% down (63 days to 52 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 1.0% down (from $664,750 to $658,004). Sales volume is 9.5% down year-over-year.
What This Means
Elk Grove's May housing market shows signs of modest momentum despite slight price softening. The median sale price dipped just 0.3% from April, suggesting prices have largely stabilized after declining 1.0% year-over-year. What's more encouraging is the significant improvement in days on market, which fell to 52 days from 63 a month earlier. This acceleration in selling speed indicates stronger buyer interest heading into summer, likely driven by seasonal demand and possible shifts in buyer confidence as market conditions stabilize.
The 99.7% sale-to-list ratio reveals a well-balanced market where sellers maintain reasonable pricing expectations and buyers aren't feeling pressured into bidding wars. With 533 active listings available, shoppers have genuine choices, which supports the faster sales pace. However, the year-over-year sales volume decline of 9.5% suggests softer underlying demand compared to May 2025, possibly reflecting lingering affordability constraints despite modest price declines.
Single-family homes dominate the mix at 123 sales, reinforcing Elk Grove's appeal to families seeking suburban living. The gap between median and average prices indicates a handful of premium sales pulling the average higher. Overall, this looks like a normalizing market where prices are finding equilibrium and homes move steadily without dramatic swings in either direction.
Elk Grove Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95757 | 97 | $730,000 | $308 | 62 |
| 95624 | 47 | $605,000 | $336 | 47 |
| 95758 | 46 | $559,944 | $342 | 46 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 123 | $615,000 | $330 |
| LAND | 64 | $795,250 | N/A |
| CONDOS | 1 | $342,000 | $329 |
| MOBILE | 1 | $100,000 | N/A |
| MULTI_FAMILY | 1 | $628,000 | $299 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 1 |
| $300K - $399K | 5 |
| $400K - $499K | 11 |
| $500K - $749K | 115 |
| $750K+ | 58 |
Current Active Listings
As of this report, there are 533 active listings in Elk Grove with a median asking price of $695,000 and an average of 50 days on market.
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