El Dorado County has beautiful scenery, convenient access to the city and the outdoors, and influential history as a key region during the California Gold Rush. Almost two centuries later, El Dorado County remains a treasured home to thousands of residents.
Placerville, Cameron Park, and El Dorado Hills are the major towns and cities that make up El Dorado County. The El Dorado County real estate market has been especially promising in recent years, offering warm weather, access to public lands, and proximity to Lake Tahoe. An impressive 75.5% of residents own their homes instead of renting—a much higher rate than the United States average of 65.8%. Most of the properties in these three towns are single-family homes ranging in style from ranches/farms and vineyards to Craftsmen near town. El Dorado County offers an elevated lifestyle in the foothills.
If you’re interested in buying or selling El Dorado County real estate, staying up-to-date on current market trends is essential. As a part of your research, consider the following breakdown of the latest real estate trends in El Dorado County.
Trends in El Dorado County real estate
El Dorado County’s hot real estate market
On average, El Dorado County homes sell in less than 40 days. It’s safe to say that the market here is pretty hot, with houses moving quickly from seller to buyer.
The market will likely begin to cool heading into the fall, eventually leading us back into a more pre-pandemic market.
Median prices in El Dorado County
El Dorado County’s home value continues to rise—with a $7,100 increase from 2019 to 2020. This promising number suggests that homes for sale in Placerville, Camino, Somerset, and El Dorado Hills are a wise investment for the future.
It should also be noted that on average, El Dorado Hills real estate and Placerville homes sell 1-2% above their list price. Somerset homes have an average listing price of $600,190 but stay on the market longer—around 90 days. This slightly extended stay has much to do with insurance rates and the Caldor Fire last summer.
Future El Dorado County market predictions
After reviewing the recent history of Placerville, Camino, Somerset, and El Dorado Hills real estate, it’s safe to say that El Dorado County real estate is a wise investment. These trends are extremely promising for both buyers and sellers. The area has stayed profitable even when faced with unprecedented challenges. The county’s value has increased and will almost certainly continue to do so.
The median price of El Dorado Hills real estate has steadily increased since 2014, and it’s predicted that sales prices will reach even higher over the next decade. Currently, the average home costs $999,500—barely under a million!
Camino home prices have risen steadfastly from 2015 to the present, and it’s projected that homes will see a roughly 16% increase in value within ten years. Somerset homes for sale tend to follow a similar trend to Camino.
Hiring an experienced El Dorado County realtor
Regardless of which town in El Dorado County you’re buying or selling a home, you need an experienced agent to ensure you’re getting the best deal possible.
Kristen Haus of Haus Homes Realty Group shares her detailed local knowledge with her clients and has experience buying and selling homes throughout El Dorado County. Kristen has access to all of the latest luxury listings and knows that a single day can make a huge difference when dealing with a market as hot as El Dorado County’s. She’s always ready to answer questions and has a long list of recommendations to accompany her dedication to her clients. Once she understands your desires and requirements for a dream home or a successful sale, Kristen will create a list of quality options that’ll tick all of your boxes.
Kristen also understands the importance of timing and what makes a property valuable and desirable to clients. If you’re ready to buy or list El Dorado County real estate, contact Kristen today!
