Folsom Home Prices Report for March 2021
The price per square foot for Folsom homes in February 2021 was 13.1% higher than February 2020. Median home prices here in Folsom during February was $655,000 up 12.5% from the same time last year ($582,000).
Folsom continues to have a strong real estate market. Homes sold at 102% of list price in February 2021. The last time Folsom saw homes selling at 102% of list price was in May 2013. Homes stayed on the market on the average of 13 days. Last year this time homes were on the market an average of 28 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.
If you are considering selling or buying a home this year, please contact me as soon as possible to plan a strategy for you!