Folsom’s housing market drew a notably larger pool of buyers this spring, with 266 homes changing hands in the three months ending June, up 24.9% from the 213 sold in the same period a year earlier, according to newly released data from Redfin. That increase in sales volume stands out in a region where activity has been uneven, and it came even as the city’s median sale price eased over the same period.

Sales pace leads the story

The jump in closed sales is the most distinctive feature of Folsom’s market this spring. The 266 homes sold represent an 11.3% increase over the 239 recorded in the three months ending May, a gain that partly reflects normal spring buying activity but still exceeds the pace of recent years. For comparison, 227 homes sold in the same period of 2024 and 213 in 2025.

Buyers had modestly more to choose from, with active inventory of 469 homes running 4.2% above last year and 5.4% above the prior month. New listings totaled 329, roughly flat with the 332 seen a year ago. Even so, supply remains tight: at the current sales pace, Folsom has just 1.8 months of inventory, well below the five to six months typically associated with a balanced market. That leaves the city firmly in seller’s-market territory.

Prices ease as buyers gain a little room

The median sale price in the three months ending June was $749,592, down 4.5% from $785,000 a year earlier. On a per-square-foot basis, the decline was far smaller, with prices slipping just 0.7% to $381 from $383, suggesting the drop in the headline median reflects a shift in the mix of homes sold rather than a broad decline in home values. Month to month, the median edged up 0.6% from $745,000.

The current median sits almost exactly where it stood two years ago, when homes sold for a median of $750,000 in the three months ending June 2024. Over a longer horizon, prices have risen 8.6% over the past five years, up from a median of $690,000 in the same period of 2021.

Homes are still selling quickly, though slightly less quickly than last year. The median time on the market was 14 days, up from 12 days a year ago and 13 days the prior month, meaning listings are sitting roughly two days longer than they did last spring. Nearly 38% of homes sold above their asking price, up from 33.3% a year earlier, and the typical home sold at 99.8% of its list price.

Affordability and the rate picture

Lower prices and lower borrowing costs have combined to ease monthly payments for buyers entering the market. The 30-year fixed mortgage rate averaged 6.49% in June, down from 6.82% a year earlier, according to Freddie Mac data. On a median-priced home with 20% down, that works out to a monthly principal-and-interest payment of about $3,786 — roughly $316 less per month than the $4,102 a comparable buyer would have faced a year ago, when both prices and rates were higher.

Affordability remains stretched nonetheless. That payment consumes about 32.5% of the median Folsom household’s monthly income, and at current prices the median home costs about 5.4 times the median household income of $139,804, according to the U.S. Census Bureau. A price-to-income ratio above five times is generally considered unaffordable.

Folsom’s population reached 95,680 as of January, up 2.1% over the year, adding demand pressure to an already tight housing supply. Nationally, home prices continued to rise modestly, with the S&P/Case-Shiller U.S. National Home Price Index up slightly year-over-year — a contrast to the price easing seen locally.

The combination of stronger sales, modestly higher inventory, and slightly slower selling times paints a picture of a market that remains competitive for buyers but has loosened marginally from its tightest point. With less than two months of supply and a rising share of homes selling above asking, sellers continue to hold the advantage in Folsom, even as buyers turned out in greater numbers this spring than they have in years.