The typical home in Loomis sold for nearly $140,000 less this spring than it did a year ago, a sharp reset in a small market where a handful of transactions can swing the headline number. According to newly released Redfin data covering the three months ending in April, the median sale price in this Placer County town of roughly 6,800 residents came in at $679,649, down 16.8% from $817,000 in the same period of 2025.

Prices reset, but buyers paid more per square foot

The drop in the headline median masks a more nuanced picture. The median price per square foot actually rose 8.6% year-over-year, climbing from $394 to $428. That divergence suggests buyers were paying up on a per-foot basis even as smaller or lower-priced homes made up a larger share of sales — pulling the overall median down without reflecting a broad decline in property values.

Compared with March, the median sale price slipped another 4.8%, from $713,750. Looking further back, today’s median sits below the $742,000 recorded two years ago and 12.3% below the $775,000 median from the spring of 2021, making Loomis one of the relatively few markets where prices have not kept pace with the early-pandemic run-up.

More homes changed hands, but they took longer to sell

Sales activity picked up notably. Twenty-three homes sold during the three-month period, up 35.3% from 17 a year earlier and up 27.8% from 18 in the prior three-month window. New listings, at 30, were roughly in line with last spring’s 32, while active inventory held steady at 44 homes — identical to a year ago but 29.4% higher than March’s 34.

That balance translates to about 1.9 months of supply, which still qualifies as a tight sellers’ market by conventional measures, though less tight than the leaner conditions of recent years. The share of homes selling above list price rose to 40.9%, up from 29.4% a year ago, and the sale-to-list ratio of 99.6% indicates that most successful sales closed very close to asking.

Even so, homes took longer to find buyers. The median days on market stretched to 34, up from 25 a year earlier — meaning a typical listing sat for more than a week longer than it did last spring. That figure did improve from 39 days in the prior month, consistent with normal spring acceleration.

Affordability and the rate backdrop

Mortgage rates have eased modestly. The 30-year fixed averaged 6.33% in April, down from 6.72% a year earlier, according to Freddie Mac, though up slightly from 6.18% in March. Combined with the lower median price, the principal-and-interest payment on a median-priced Loomis home with 20% down works out to about $3,376 per month — roughly $850 less than a year ago, when the same calculation produced $4,226.

Even with that relief, affordability remains stretched. The median sale price is about 8.3 times the local median household income of $81,487, according to the U.S. Census Bureau’s American Community Survey, and the monthly payment on a median-priced home consumes close to half of median household income — well above the 43% threshold the National Association of Realtors considers affordable.

Nationally, the S&P/Case-Shiller U.S. National Home Price Index was essentially flat year-over-year, a contrast to the steeper decline registered in Loomis’s headline median.

Reading a thin market

With only 23 closings over a three-month window in a town of about 2,641 housing units, Loomis is a small enough market that monthly swings should be interpreted with caution. The 16.8% drop in the median sale price is real, but the simultaneous 8.6% gain in price per square foot is a reminder that shifts in the mix of homes sold — a few more modest properties, a few fewer luxury sales — can move the headline number more than underlying values do.

The clearest signals from this spring’s data are the steady inventory, the meaningful pickup in sales volume, and the higher share of homes selling above list. Together, those point to a market where demand is firm and competition for individual listings remains real, even as the days-on-market figure suggests buyers had a bit more time and leverage than they did a year ago.