Home prices in El Dorado Hills fell 5.2% year-over-year in the three months ending October 2026, according to Redfin data. The median sale price was $928,354, down from $979,000 in the same period of 2025. That decline brought the median back to roughly where it stood five years ago: it is 0.1% below the $929,000 median recorded in the three months ending October 2021. The drop came even as more homes changed hands than a year earlier, suggesting that buyers in this community of about 51,000 residents were active but negotiating from a stronger position.

Price trends

The price decline in El Dorado Hills was driven more by the mix of homes that sold than by a broad drop in value. The median price per square foot was $345, down only 0.8% from $348 a year earlier. That small change, compared with the larger 5.2% drop in the overall median, suggests that buyers this fall purchased somewhat smaller or less expensive homes than they did a year ago, while what they paid per square foot stayed close to last year’s level.

Sellers also set higher expectations than the market supported. The median list price was $984,103, up from $949,500 a year earlier, while the median sale price moved in the opposite direction. Homes sold for 98.4% of their list price on average, meaning the typical buyer paid slightly below asking. Only 15.7% of homes sold above list price, compared with 16.2% in the three months ending October 2025.

Recent momentum also pointed lower. The median sale price fell 2.3% from the three months ending September 2026, when it stood at $950,000. Prices remain above their level from two years ago: the median in the three months ending October 2024 was $860,000.

Nationally, home prices continued to rise year-over-year, according to the S&P/Case-Shiller U.S. National Home Price Index. That trend sets El Dorado Hills apart from the broader national picture this fall.

Sales and inventory

Sales activity increased from a year ago. Buyers purchased 196 homes in the three months ending October 2026, up 9.5% from 179 in the same period of 2025. Supply also grew. Active inventory reached 451 listings, up 10.5% from 408 a year earlier. New listings were essentially flat at 204, compared with 202 a year ago.

Homes are taking longer to sell. The median home spent 48 days on the market, up 14.3% from 42 days a year earlier. In practical terms, listings are sitting nearly a week longer than they did last fall. The longer-term shift is larger. Two years ago, the median was 30 days. Five years ago, during the fast-moving pandemic-era market, homes typically sold in just 9 days.

Compared with the three months ending September 2026, activity slowed in ways that are typical as the market moves from summer into fall:

  • Homes sold fell 9.3%, from 216 to 196.
  • New listings dropped from 237 to 204.
  • Active inventory declined 3.4%, from 467 to 451.
  • Median days on market rose 17.1%, from 41 to 48.

Even with more listings than a year ago, El Dorado Hills had 2.3 months of supply, based on 451 active listings and 196 homes sold during the period. By that measure, the market remains tight and generally favors sellers, since buyers have a limited selection to choose from. However, the other signals point to softening seller leverage compared with last year. Prices are lower, homes are taking longer to sell, and the typical sale closed below asking.

Affordability and mortgage rates

Lower prices did not make homes cheaper to finance. According to Freddie Mac data via the Federal Reserve, the 30-year fixed mortgage rate averaged 7.33% in October 2026. That was up from 6.86% in September and 6.25% in October 2025. Based on Redfin’s median sale price, a buyer putting 20% down at that rate would pay about $5,107 per month in principal and interest. That is $285 more per month than a year ago, when the same calculation came to $4,822. The higher rate more than offset the savings from the lower purchase price.

The monthly payment represents 37.1% of the city’s median household monthly income, a level considered stretched but not unaffordable by common lending standards. According to the U.S. Census Bureau, the median household income in El Dorado Hills is $165,349. A median-priced home costs about 5.6 times that amount, above the 5x threshold generally considered unaffordable.

Taken together, the fall data shows a market where buyers secured lower prices and more selection than a year ago. Those gains came alongside higher borrowing costs, and the city’s median sale price ended the period essentially unchanged from where it stood five years earlier.