Published October 13, 2026 in Market Update

Palo Cedro sales picked up even with mortgage rates at 7.40%

By Katie Luther

Real estate, Palo Cedro

Buyers are still showing up in Palo Cedro. That is the short version of what the numbers say as of October 13, 2026.

Freddie Mac put the average 30-year fixed rate at 7.40% on October 8, 2026. That is above 7% for the first time since January 2025, according to Realtor.com. Higher rates mean bigger monthly payments. And yet, sales in Palo Cedro went up, not down.

Sales jumped 37.5% from a year ago

The Real Estate Data Aggregator counted 22 homes sold in ZIP 96073 in the three months ending August 31, 2026. That is up 37.5% from the same three months a year earlier. More people decided to buy in Palo Cedro, even with rates where they are.

Pending sales tell the same story. The Real Estate Data Aggregator counted 22 pending sales in that same period, up 69.2% from a year before. That pipeline points to more closings ahead.

Prices held steady

The Real Estate Data Aggregator put the median sale price in ZIP 96073 at $597,000 for the three months ending August 31, 2026. That is up 1% from the same period a year earlier. Prices did not spike, but they did not fall either. For context, the Federal Housing Finance Agency reported U.S. house prices rose 2.6% from July 2025 to July 2026. Palo Cedro moved a little slower than the national pace.

Homes are taking a bit longer to sell

Not every number points straight up. The Real Estate Data Aggregator shows the median days on market in ZIP 96073 was 19 days for the three months ending August 31, 2026. That is 9 days longer than the same period a year earlier. Homes are still selling, just not quite as fast.

The share of homes that went under contract within two weeks of listing was 40.9%, according to the Real Estate Data Aggregator. That is down 13 points from a year before. So fewer homes are flying off the shelf in the first two weeks. But 40.9% going that fast is still a real number.

Sellers are getting close to their asking price

The Real Estate Data Aggregator put the average sale price as a share of list price at 98.2% in ZIP 96073 for the three months ending August 31, 2026. That is up 0.3 points from a year earlier. In plain terms, sellers are getting very close to what they ask. About 18.2% of homes sold above list price, which is down just 0.6 points from a year ago.

What this means for you

If you own a home in Palo Cedro, buyers are still active. Supply sits at 2.9 months, per the Real Estate Data Aggregator, which is down 0.7 months from a year ago. Less supply with more sales is a reasonable place to be as a seller.

If you are buying, homes are taking a little longer to sell than they did a year ago. That gives you slightly more room than buyers had last year. Realtor.com reported that 20.8% of listings nationally took a price cut in September 2026, the highest share since October 2022. Palo Cedro's own numbers tell a more specific story than any national figure can.

One more thing worth knowing: ZIP 96073 covers a wide area. One street can read very differently from the ZIP as a whole. If you want to know what the numbers look like right around your home, just reach out.