The real estate market in El Dorado Hills and the greater El Dorado County area continues to showcase exciting growth and opportunities. Whether you're a seasoned investor or embarking on your first homebuying journey, exploring the key metrics from 2023 and 2024 can help inform your next steps.
Let's dive into the year-end review of the housing market in these vibrant regions, presented by Renee and Maic Friedrich of The Friedrich Team, your dedicated local real estate experts.
Year-Over-Year Comparison: December 2023 vs. December 2024
El Dorado County Highlights
- Median Price: The median price in El Dorado County grew from $663,000 in December 2023 to $742,000 in December 2024, marking an 11.9% increase. This reflects robust demand for homes in the area.
- Average Price: A similar positive trend was observed in the average price, which rose by 17.6%, moving from $779,000 to $916,000. This could seem like a dramatic change, and it is likely because of the makeup of the listings and sales that took place during this time. The overall market for El Dorado County did not increase that significantly.
- Average Price Per Square Foot: This metric saw a gentle rise of 1.8%, increasing from $334 to $340. This increase is much more representative of the market conditions, in our opinion.
El Dorado Hills Highlights
- Median Price: In El Dorado Hills, the median price experienced a steady increase of 3.8%, growing from $866,000 in December 2023 to $899,000 in December 2024.
- Average Price: The average price also saw growth, rising by 4.1%, from $1,187,000 to $1,236,000.
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Average Price Per Square Foot: The average price per square foot in El Dorado Hills adjusted slightly by 4.1%, moving from $389 to $373, potentially signaling value opportunities in larger homes or unique properties.
Annual Comparison: 2023 vs. 2024
El Dorado County Annual Metrics
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Average Price: Increased by 2.3%, from $750,000 in 2023 to $767,000 in 2024.
- Median Price: Rose by 5.3%, from $644,250 to $678,583.
- Total Number of Sales: Saw an encouraging rise of 2.9%, with transactions growing from 1,784 in 2023 to 1,835 in 2024.
- Total Sales Volume: The total sales volume reached $1,407,445,000, up by 5.2% from $1,338,000,000 in 2023.
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Average Days on Market: Homes in El Dorado County took slightly longer to sell, with the average days on market rising from 37 days in 2023 to 44 days in 2024, reflecting a balanced pace of activity.
El Dorado Hills Annual Metrics
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Average Price: Increased by 2.0%, from $1,076,517 in 2023 to $1,097,867 in 2024.
- Median Price: Saw a modest rise of 0.9%, growing from $905,000 to $913,000.
- Total Number of Sales: Rose by 2.1%, from 567 in 2023 to 579 in 2024.
- Total Sales Volume: Climbed by 4.1%, reaching $635,665,262, compared to $610,385,300 in 2023.
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Average Days on Market: Homes in El Dorado Hills were listed slightly longer, with the average days on market increasing from 33 to 39 days, an 18.2% rise, while maintaining steady buyer interest.
Key Takeaways
Steady Growth Across Both Regions
Both El Dorado County and El Dorado Hills demonstrated encouraging trends in median and average prices, highlighting the strength of the local housing market. The notable increase in El Dorado County's median price (11.9%) and average price (17.6%) underscores its appeal to homebuyers and investors alike. Meanwhile, El Dorado Hills continues to shine as a premier destination, with steady price growth and attractive opportunities.
Promising Opportunities in El Dorado Hills
The adjustment in the average price per square foot in El Dorado Hills (–4.1%) offers exciting possibilities for buyers seeking larger homes or unique properties at competitive values. Combined with its stable median price, this signals growing options in this sought-after area.
Why Choose The Friedrich Team?
Renee and Maic Friedrich are your trusted real estate professionals in El Dorado Hills and the surrounding areas. With their comprehensive knowledge of the local market and dedication to exceptional service, The Friedrich Team ensures your real estate experience is both seamless and rewarding. As one of the best real estate teams in El Dorado County, whether you're buying, selling, or investing, they’re here to guide you every step of the way.
Ready to Make Your Move?
The housing markets in El Dorado Hills and El Dorado County are brimming with possibilities. Whether you’re eager to find your dream home or make the most of rising property values, there’s no better time to act.
Book a FREE Strategy Session with The Friedrich Team today to take the first step toward achieving your real estate goals. Let Renee and Maic Friedrich empower you to navigate the market with clarity and confidence.
Visit TheFriedrichTeam to schedule your session and discover our resources. Your dream home journey begins here!
Conclusion
The 2024 housing market in El Dorado Hills and El Dorado County reflects growth, stability, and vibrant opportunities. Whether you’re captivated by El Dorado Hills’ premium homes or intrigued by El Dorado County’s dynamic growth, this year-end review highlights the value of partnering with experts like The Friedrich Team. Let’s create a future filled with homeownership success reach out today!
