Fewer homes changed hands in Granite Bay this summer than a year earlier, but the ones that sold moved quickly and largely on sellers’ terms. Newly released Redfin data for the three months ending July 2026 shows 83 homes sold in the affluent Placer County community, down 3.5% from 86 during the same stretch in 2025 — a modest decline that stands out in a region where sales activity has shifted more sharply. The slowdown was measured, not steep, and it came alongside signs of underlying momentum.

Sales pace tells the real story

While the year-over-year sales figure edged lower, activity picked up notably heading into summer. The 83 homes sold represent a 12.2% increase over the 74 sold in the three months ending June 2026 — a typical seasonal lift as the spring and summer buying window peaks. Homes also sold faster in the most recent period, with a median of 21 days on the market compared with 24 in the prior three-month window, a 12.5% improvement for sellers.

Against last year, the pace held steady: the median 21 days on market in mid-2025 matched exactly this year’s figure. For context, homes in Granite Bay sold in a median of just 7 days during the frenzied summer of 2021, so the current market, while brisk, is far calmer than the pandemic-era peak.

Prices hold near record levels

The median sale price in Granite Bay was $1,359,319, down 0.8% from $1,370,000 a year earlier — essentially flat. On a month-to-month basis, the median slipped 4% from $1,416,750 in the three months ending June, though such swings are common in a market this small, where a handful of high-end transactions can move the median considerably.

Price per square foot, which adjusts for home size, was $429, down 1.7% year over year from $436. The near-flat median alongside a slightly softer per-square-foot figure suggests buyers saw little broad price relief. Over a longer horizon, prices remain elevated: the median has risen 13.3% over the past five years and sits well above the $1,265,000 recorded in the summer of 2024.

Sellers continued to hold leverage. The median home sold at 99% of its list price, and 27.2% of homes sold above asking — down from 30.2% a year ago, a small sign that competition has eased at the margins.

A tight market for buyers

Inventory remains limited. Active listings totaled 171, down 3.4% from 177 a year earlier, while new listings came in at 104 versus 108 in the same period last year. At the current sales pace, that translates to about 2.1 months of supply — well within sellers’-market territory, where buyers face limited choice. A balanced market is generally considered to have four to six months of supply.

Affordability remains a significant hurdle. At current prices, a median-priced Granite Bay home costs roughly 7.4 times the area’s median household income of $184,606, according to U.S. Census Bureau data — far above the 5x threshold economists typically associate with unaffordability. A buyer putting 20% down at July’s mortgage rate would face a monthly principal-and-interest payment of about $6,902, equal to nearly 45% of median monthly household income.

There was, however, a modest tailwind from financing costs. The 30-year fixed mortgage rate averaged 6.54% in July 2026, down from 6.72% a year earlier, according to Freddie Mac figures. Combined with the small dip in price, that rate move trimmed the monthly payment on a median-priced home by about $185 compared with a year ago. Rates ticked up slightly from June’s 6.49% average. Nationally, home prices continued to rise modestly, with the S&P/Case-Shiller National Home Price Index up year over year.

The bigger picture

Granite Bay, a community of about 21,673 residents, remains one of the region’s most expensive markets, and the latest data shows a market that has cooled only marginally from last year. Sales are slightly thinner, prices are roughly flat, and homes are still selling in about three weeks. With just over two months of supply and nearly three in ten homes selling above asking, sellers continue to hold the advantage — even as fewer transactions closed than a year ago.