In the friendly area of Elk Grove you’ll be in good company with around 177,115 residents with around 71% of those homeowners. With an average age of 35, Elk Grove has a fairly young population filled with young professionals, new parents, and new homeowners. Over the recent months roughly 855 homes have been sold with an average sold price of $677,073. That is an increase of $37,759 from the previous period.
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Ever since interest rates decreased at the beginning of the pandemic, the real estate market throughout most of the country has heavily favored sellers. When interest rates decrease, more buyers enter the market to secure mortgage loans with low interest ...