Your Weekly Market Update Folsom Ca

Written by John Hayes

Wed Feb 19 2025
This week the median list price for Folsom, CA 95630 is $822,450 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has increased to 60 Market Narrative In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

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January 2025 was a Seller's market! The number of for sale listings was up 9.3% from one year earlier and down 6.3% from the previous month. The number of sold listings increased 72.4% year over year and decreased 13.8% month over month. The number of under contract listings was up 66.7% compared to previous month and down 3.5% compared to previous year. The Months of Inventory based on Closed Sales was 1.2, down 37.6% from the previous year. The Average Sold Price per Square Footage was down 3.3% compared to previous month and down 4.1% compared to last year. The Median Sold Price increased by 0.1% from last month. The Average Sold Price also decreased by 0.1% from last month. Based on the 6 month trend, the Average Sold Price trend was "Depreciating" and the Median Sold Price trend was "Neutral". The Average Days on Market showed a upward trend, an increase of 20% compared to previous year. The ratio of Sold Price vs. Original List Price was 97%, a decrease of 1% compared to previous year. ZIP 95630