Folsom Home Price Report August 2021
The price per square foot for Folsom homes in July 2021 was 24.7% higher than July 2020. Median home prices here in Folsom during July was $723,000 up 25.7% from the same time last year ($575,000).
Folsom homes continue to be sold at 105% of list price (on average). That is now five months in a row homes have sold on average of 104% or higher of list price. As I have written in the past, as far back as I can go (2003) I don’t show an average as high.
In July, the highest percentage of list price vs sold price as 137.05% That home had 38 offers. The home listed at $400,000 and sold at $550,000. It was 1350 square feet. There were 95 homes that closed escrow in July. Ten sold for less than list price, 10 sold for exactly list price (2 of those had multile offers). The remaining homes all sold over list price. The home above was also the home that had the most offers, at 38 offers, listing at $400,000, closing at $550,000.
If your a Folsom home owner I bet every month you ask “How much is my home worth in Folsom, California?”.
If you are interested in knowing what your home might be worth in today’s market, contact me. I am more than happy to give you an estimate on your Folsom’s home’s market value.