Sheryl Smith's "How's the Market?" Report

Folsom, CA

Single-Family Homes

Smith Real Estate Services I Broker, Realtor #01381095 I 916-472-0103



Folsom, CA

Thu Jun 20 2024
This week the median list price for Folsom, CA is $819,000 with the market action index hovering around 60. This is an increase over last month's market action index of 59. Inventory has increased to 107. Click here to stay informed with the Folsom market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Folsom, CA

Thu Jun 20 2024
This week the median list price for Folsom, CA is $819,000 with the market action index hovering around 60. This is an increase over last month's market action index of 59. Inventory has increased to 107. Click here to stay informed with the Folsom market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Folsom market.
Median List Price $819,000
Median Price of New Listings $779,995
Per Square Foot $403
Average Days on Market 49
Median Days on Market 21
Price Decreased 33%
Price Increased 7%
Relisted 8%
Inventory 107
Median Rent
Market Action 60
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,378,500 3,268 0.25 - 0.5 acre 4 3.5 17 1 4 49
$869,000 2,271 6,500 - 8,000 sqft 4 2.5 24 6 8 21
$752,841 1,905 4,500 - 6,500 sqft 3 2.5 11 9 8 14
$615,000 1,420 4,500 - 6,500 sqft 3 2 39 5 4 14