Sacramento area neighborhood home prices continued to see big increases as the number of sales dropped in July due to tight supply and high buyer demand.
The 95616 ZIP code, which covers the central and western portions of Davis, and the community of Elverta in Sacramento County had the largest year-over-year increases in median sales price for ZIP codes that had more than 10 home sales.
The median sales price in Davis rose to $652,500 in 2017, an increase of 36 percent from $480,000 in 2016.
In 2016, the median-priced home in Elverta cost $233,500. One year later, the 95626 ZIP code’s median price was up 29 percent to $300,000.
Roseville’s 95747 ZIP code led the region in home sales with 143 in July. The median home price there was up 6.7 percent over the previous year. Other active ZIP codes included Lincoln, with 124 home sales, and Folsom, with 108.
The median sales price can change according to monthly increases and decreases in home prices and the types of homes sold. It can vary wildly in areas with relatively few homes sold.
The most expensive home sold in Sacramento County was in 95816, a ZIP code that includes Midtown and East Sacramento. It sold for $1.695 million.