Buyers and sellers both showed up in larger numbers in Folsom this spring, according to newly released Redfin data for the three months ending April 2026. Closed sales rose 22.1% from the same period a year earlier, with 221 homes changing hands compared with 181 in early 2025 — a clear sign of activity returning to a market that has been navigating higher borrowing costs for two years.

Prices hold steady as buyers absorb more listings

The median sale price in Folsom reached $759,608, essentially flat against the $755,995 recorded a year earlier — a 0.5% gain that suggests pricing power has neither slipped nor accelerated. Median price per square foot edged up 1.1% to $376, consistent with the headline figure and indicating that buyers paid modestly more for similar-sized homes rather than simply trading up or down in size.

Compared with the three months ending March 2026, the median sale price dipped 2.0% from $775,000. That month-to-month softening sits alongside a notably busier market — sales rose 32.3% over the same span — which is typical seasonal behavior as the spring buying window opens.

Stepping further back, prices in Folsom remain only marginally above the $750,000 median recorded two years ago, and they sit roughly 15.1% above the $660,000 median from the three months ending April 2021. The five-year gain reflects the pandemic-era run-up that has since plateaued.

Inventory expands, but supply remains tight

Active listings reached 409 in the latest period, up 13.6% from 360 a year earlier and 7.9% above the prior three-month window. New listings also climbed, with 311 homes hitting the market compared with 294 a year ago.

Even with more choices, the market still tilts toward sellers. Folsom has 1.9 months of supply at the current sales pace — well below the four-to-six-month range typically associated with a balanced market. Homes spent a median of 14 days on the market, just one day longer than a year ago but sharply faster than the 22 days recorded in the prior three-month period, again reflecting the seasonal shift into spring.

Sellers continued to find competitive bidding: 33.8% of homes sold above their list price, up from 27.1% a year ago. The sale-to-list ratio of 99.5% indicates the typical home closed just shy of asking.

Affordability and the rate backdrop

The 30-year fixed mortgage rate averaged 6.33% in April 2026, down from 6.72% a year earlier and up slightly from 6.18% in March, according to Freddie Mac. That rate decline, combined with Folsom’s nearly flat prices, translates into a meaningfully lower monthly cost: the principal-and-interest payment on a median-priced Folsom home with 20% down works out to about $3,773 per month, or roughly $137 less than the same purchase would have cost a year ago.

At Folsom’s median household income of $139,804, as reported by the U.S. Census Bureau, that payment consumes about 32.4% of monthly income — stretched, but within the range the National Association of Realtors considers manageable. The city’s price-to-income ratio of 5.4 remains above the 5.0 threshold often cited as a marker of strained affordability.

Nationally, the S&P/Case-Shiller Home Price Index was roughly flat year-over-year, suggesting Folsom’s modest price gain is broadly in line with the national picture. Folsom’s population reached 95,680 as of January 2026, up 2.1% year-over-year, according to the California Department of Finance — growth that helps explain continued demand pressure even as inventory expands.

What the numbers add up to

The combined picture for Folsom is a market that is busier but not hotter. More homes are listed, more are selling, and a larger share are closing above asking, yet headline prices have barely moved from a year ago. With supply still under two months and homes typically going under contract within about two weeks, sellers retain the advantage — but the rising inventory gives buyers more options than they had last spring.