Folsom Home Prices Report for February 2021
The price per square foot for Folsom homes in January 2021 was 13.1% higher than January 2020. Median home prices here in Folsom during January was $605,000 up 10% from the same time last year ($550,000).
Folsom continues to have a strong real estate market. Homes sold at 101% of list price in January 2021 (September and October 2020 also sold at 101% of list price). Homes stayed on the market on the average of 19 days. Last year this time homes were on the market an average of 39 days.
If you are considering selling your home in the next 12 months, it is worth a conversation to discuss whether you should take advantage of this real estate market now.
If you are a buyer, you need to understand how competitively the Folsom real estate market is. Prepare for it, there are strategies to be more attractive to sellers.