Carmichael’s median home sale price reached $577,186 in the three months ending June 2026, up 7.8% from $535,500 a year earlier, according to newly released data from Redfin. That increase stands out against much of the surrounding region, where price growth has been more muted, and it came alongside a notable jump in sales activity — a combination that points to a market where demand kept pace with a modest rise in supply.

Prices lead the region

The 7.8% annual gain is the headline figure for Carmichael this spring. It far outpaces the city’s price growth measured on a per-square-foot basis, which rose just 0.6% year-over-year, from $341 to $343. That gap suggests the increase in the median sale price reflects buyers purchasing larger homes rather than a broad rise in the underlying value of each square foot.

Over a longer horizon, prices have risen 12.1% over the past five years, from a median of $515,000 in the three months ending June 2021. Two years ago, in mid-2024, the median stood at $550,000, so the recent gains represent continued upward movement rather than a rebound from a dip.

Month-over-month, prices were essentially flat, edging up 0.4% from $575,000 in the three months ending May 2026 — a sign that the steepest part of the spring climb had already occurred.

Sales and supply

Sales activity rose sharply. Buyers closed on 217 homes in the three months ending June 2026, up 18.6% from 183 a year earlier and up 6.9% from 203 in the prior period. New listings rose more modestly, to 309 from 300 a year ago, while active inventory increased 7.8%, to 431 from 400.

With 431 active listings and 217 sales, Carmichael had about 2.0 months of supply — a level that indicates a tight sellers’ market with limited choice for buyers. Homes sold at a median of 13 days on the market, unchanged from a year ago, though slightly slower than the 11 days recorded in the prior period, a shift within the range of normal seasonal variation.

Competition remained firm. The median home sold at 100.7% of its list price, meaning the typical property fetched slightly above asking, and 42.5% of homes sold above their list price, up from 38.8% a year earlier. In a city of roughly 77,000 residents, that combination of rising sales and above-asking offers underscores steady buyer demand.

Affordability and borrowing costs

Rising prices, however, continue to stretch local budgets. At the current median price, a home costs about 6.7 times the median household income of $85,914, according to the U.S. Census Bureau — well above the 5x threshold generally considered affordable.

A buyer purchasing a median-priced Carmichael home with 20% down now faces an estimated monthly principal-and-interest payment of about $2,916, or roughly 40.7% of median household monthly income. That is $117 more per month than a year ago, when the same calculation produced a payment near $2,799. The increase comes despite lower borrowing costs: the 30-year fixed mortgage rate averaged 6.49% in June 2026, down from 6.82% a year earlier, according to Freddie Mac. The higher price more than offset the rate relief.

Nationally, home prices continued to rise modestly, with the S&P/Case-Shiller National Home Price Index up slightly year-over-year.

The bottom line

Carmichael entered the summer as a seller-favorable market. Prices rose faster than in much of the surrounding region, sales volume climbed nearly 19% from a year ago, and the majority of homes still sold at or above asking within about two weeks of listing. The steady per-square-foot figure suggests the headline price gain was driven in part by the mix of homes changing hands, but even setting that aside, the pace of sales and the persistence of above-asking offers point to a market where buyers continued to compete for a limited pool of listings.