Auburn Real Estate Market
I don’t mean to discourage you if you live in Auburn, because let’s face it, the same principles apply there as anywhere else: if you price your home correctly and in line with other comparable sold properties, it will sell. So you can always beat the averages.
Having said that, Auburn’s September averages are some of the worst for the greater Sacramento market that we’ve examined. The figure that jumps out first of all is 6.9 months of inventory — this is the largest figure we’ve seen for residential inventory, though as we noted earlier, multi-unit residential income inventory is higher still. Average days on market for sold homes in Auburn in September were 48 days.
The average home sold in Auburn last month listed for $508,225 and sold for 97.2% of list at $494,131. The median sale price was $453,500. The average price was 18.4% higher than last September’s average sale price of $417,436, but on a cost per square foot basis the appreciation was a more modest12.6%.
Note that the numbers above are for all of Auburn including areas Southwest and West of town that are outside city limits, so if you live in the town itself and are thinking about making a move, we can provide you with a full CMA that will give you all the facts you need to price your home correctly.
