Folsom Median Home Price for May 2011

The median home price in Folsom for the month of May was $300,000.  This is down 6.2% from last month ($320,000) and down 17.1% from the same time last year.

Folsom Median Home Price

Folsom Median Home Price for May 2011

What kind of home did $300,000 buy in Folsom during the month of May?  There were 10 homes that sold in May priced between $290,000 and $310,000.  The average size of the home was 1,765 square feet, with the largest one being 2,008 square feet and the smallest at 1,607.  All but three of the homes sold in less than 60 days, 4 of them under 20 days.  The oldest home was built in 1976, three were built in the 1980’s, three in the 1990’s and three in the 2000’s with the newest being 2004.  The average price per square foot was $169.67 and the homes on average sold for 99.96% of list price.

A year ago the same price range would have bought you 1,527 square feet and you were paying on average $198.39/square foot.