Published November 1, 2026 in Market Update

Tracy sales rose even with mortgage rates above 7%

By Donny Piwowarski, Broker

Real estate, Tracy California

CNBC reported the average 30-year mortgage rate at 7.37%. That is a real headwind. Yet the Real Estate Data Aggregator counted 223 homes sold across Tracy in the three months ending August 31, 2026. That is up 18% from the same months a year earlier.

If you own here, that number matters. Buyers are still active even at these rates. If you are buying, well-priced homes are still finding offers.

Nationally, Realtor.com reported price cuts hit 20.8% of listings in September 2026, the highest share since October 2022. Tracy did not follow that script. Homes here are moving, and most are closing near or above asking.

Tracy by the numbers

More listings came to market and more went under contract. That is a healthy balance. It is not a runaway market, but it is not stalling either.

How the three ZIP codes compare

Tracy splits into three ZIP codes, and they tell different stories. The Real Estate Data Aggregator tracks each one separately.

95376: the most active ZIP

The Real Estate Data Aggregator counted 110 homes sold in ZIP 95376 in the three months ending August 31, 2026. That is up 10% from a year earlier. The median sale price was $570,500, down a modest 2% from last year. Prices dipped a little, but buyers did not walk away.

Homes here sold in a median of 28 days, seven days faster than the same period last year. Nearly 1 in 3 homes, 32.7%, sold above the asking price. That share jumped 13.7 points year over year. Sellers who priced well got rewarded.

95377: buyers are moving fast

The Real Estate Data Aggregator counted 77 homes sold in ZIP 95377 in the three months ending August 31, 2026, up 2.7% from a year earlier. The median sale price was $750,000, up 4.2%. Prices here moved in the right direction for sellers.

Days on market fell to 28, which is 15 days shorter than a year ago. That is a big shift. The average home sold at 100.7% of its list price. Nearly 4 in 10 homes, 38.7%, went under contract within two weeks of listing. That share jumped 15.9 points year over year.

95304: the biggest price jump

ZIP 95304 is the smallest of the three by volume. The Real Estate Data Aggregator counted 36 homes sold in the three months ending August 31, 2026. But the jump from a year earlier was striking: up 157.1%. Small numbers can move fast in percentage terms, so read that with some care.

The median sale price was $967,500, up 17.3% from a year earlier. Homes sold in a median of 24 days, 13 days faster than the same period last year. Pending sales rose 70% year over year, per the Real Estate Data Aggregator. Supply fell sharply too, down 2.8 months.

What the rate picture means

CNBC reported that mortgage applications to purchase a home were 18% lower than the same week a year ago, nationally. That is a real drag on buyers across the country. Tracy's 18% sales increase runs against that grain.

CNBC also noted that adjustable-rate mortgages hit 11.3% of all applications, the highest share in more than a year. Some buyers are finding ways around the fixed rate. The Federal Housing Finance Agency reported U.S. house prices rose 2.4% from August 2025 to August 2026. Tracy's own numbers, from the Real Estate Data Aggregator, show a mixed picture: prices dipped in 95376, held steady in 95377, and rose sharply in 95304.