Folsom Real Estate Market
Folsom’s real estate market is relatively strong compared to other areas in Sacramento, but is still undergoing some price decline along with high inventory. Bucking the usual trend, November was a good month in Folsom in terms of unit sales. Sixty-four units sold in November, 16.4% more than last year’s 55 units.
The average home sold in Folsom this November for $474,148, down 8.6% from last November’s average of $518,627. Sold price per square foot fell 9.9%, from $239.00 last November to $215.33 this November. Meanwhile the median sale price fell from $482,500 last November to $436,500 this November.
Compared to Sacramento County as a whole, Folsom has a relatively low number of short sales and foreclosures in inventory, with the two categories accounting for just over one fifth of active inventory (20.4%). The expired to sold ratio and the average days on market both fell from November to November.
