Home prices in Loomis rose more than 20% over the past year, according to newly released Redfin data for the three months ending in June — a gain that stands out sharply against the flatter or falling prices seen in many neighboring communities. The median sale price reached $727,104, up from $605,000 during the same period in 2025, a $122,000 increase that marks one of the largest year-over-year jumps in the region.

A large price gain, with a caveat

The 20.2% increase is substantial, but it comes from a small market. Just 25 homes sold in Loomis during the three months ending in June, a town of roughly 6,800 residents. In markets this thin, a handful of higher-value transactions can move the median considerably, so the headline figure likely overstates the pace of underlying price growth. A more measured signal comes from the median price per square foot, which normalizes for home size: it rose 3.4% year over year, from $424 to $439. That gap between the median price gain and the per-square-foot gain suggests buyers were purchasing larger or higher-end homes this spring rather than the market broadly appreciating by a fifth.

Prices were essentially flat month over month, edging down 0.4% from $730,000 in the three months ending in May. For longer-term context, the current median remains below the $786,000 recorded two years ago, in the three months ending June 2024, and prices have risen 14.8% over the past five years.

A tight market favoring sellers

By most measures, Loomis remains a sellers’ market. Active inventory stood at 43 listings, down 6.5% from 46 a year earlier, which works out to about 1.7 months of supply — well within the range that typically favors sellers and leaves buyers with limited choice. Homes sold in a median of 12 days, two days faster than the 14 days recorded a year ago, and half of all homes (50.1%) sold above their asking price, up from 33.3% a year earlier. The typical home sold for 101% of its list price, meaning buyers on the whole paid slightly above asking.

Sales activity held roughly steady, with 25 homes changing hands compared with 24 a year ago, a 4.2% increase. Month over month, sales slipped 7.4% from 27, a modest pullback within normal spring variation.

Affordability under pressure

The rising prices continue to strain affordability. At the current median price, a buyer putting 20% down and financing the rest with a 30-year fixed mortgage would face a monthly principal-and-interest payment of about $3,673 — roughly $511 more per month than a year ago. That increase reflects both the higher price and the mortgage rate environment: 30-year fixed rates averaged 6.49% in June, actually down from 6.82% a year earlier, according to Freddie Mac data, which partly offset the price gain.

Even so, the math remains challenging for local households. The median home now costs about 8.9 times the median household income of $81,487, according to U.S. Census Bureau data — far above the 5x threshold generally considered the outer edge of affordability. The estimated monthly payment consumes about 54% of median household income, exceeding standard affordability benchmarks.

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

The bottom line

Loomis entered the summer as a tight, fast-moving market where sellers held the advantage: inventory was down, homes sold in under two weeks, and half went for more than asking. But the eye-catching 20% jump in the median sale price should be read with caution given how few homes traded hands. The more stable per-square-foot measure, up just over 3%, points to a market that is firm and competitive rather than one appreciating at a double-digit clip.