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6 reasons why it’s rough to be a first-time homebuyer in Sacramento

It's not easy to be a first-time homebuyer in Sacramento County and West Sacramento. Here are six reasons that buying a house remains a challenge for many.
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It's not easy to be a first-time homebuyer in Sacramento County and West Sacramento. Here are six reasons that buying a house remains a challenge for many.

Home prices rose again in February for most of the Sacramento region's neighborhoods.

Of the neighborhoods that had 10 or more home sales, 49 areas saw increases in the median sales price compared to the same month in 2017. Only eight saw declines — generally modest ones — according to new data from CoreLogic.

The median home sales price in Sacramento County increased 6 percent compared to February 2017.

Sacramento’s 95815 ZIP code had the largest year-over-year increase in median sales price for ZIP codes in the region that had more than 10 home sales. The median sales price in that area — which includes the neighborhoods of North Sacramento and Woodlake — rose to $212,500 in 2018, an increase of 48 percent from $144,000 in February 2017.

The second highest gain was in Auburn. In February 2018 the median home price of that ZIP code was $489,000, a 32 percent increase from $370,000 in 2017.

ZIP codes in Yolo and El Dorado counties also had large increases. Davis’ 95616 and Pollock Pines’ 95726 rose 26 percent year over year. Davis rose from $518,000 in February 2017 to $652,000 in February 2018. Pollock Pines rose from $221,000 to $277,500.

Roseville’s 95747 ZIP code led the region in home sales with 79 in February (it also had 79 in January). The median home price there was up 4 percent over the previous year. Other active ZIP codes in February included Sacramento’s 95823, with 67 home sales, and Lincoln’s 95648, with 66.

Source: CoreLogic

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