Homes in Granite Bay took noticeably longer to find buyers this fall. The median home sold in 47 days during the three months ending October 2026, up 14.6% from 41 days a year earlier, according to newly released data from Redfin. That means listings in the Placer County community of about 21,673 residents sat on the market nearly a week longer than they did last fall. Prices did not soften in response: the median sale price rose 5.2% year-over-year to $1,289,103.

A slower pace of sales

The slowdown is part of a longer pattern. Two years ago, during the three months ending October 2024, the median Granite Bay home sold in 25 days. In the same period of 2021, it sold in just 10 days. The current 47-day median is the slowest of those comparison periods.

The pace also slowed compared with the prior reporting period. Median days on market rose 9.3% from 43 days in the three months ending September 2026. Some of that may be seasonal, because activity typically cools as the market moves from late summer into fall.

Sales volume fell as well. Buyers closed on 65 homes in the three months ending October, down 8.4% from 71 a year earlier and down 15.6% from 77 in the three months ending September. The total remains above the 59 sales recorded in the same period of 2024 but well below the 87 sales of fall 2021.

Prices hold firm

The slower pace has not pushed prices down. The median sale price of $1,289,103 was up 5.2% from $1,225,000 a year earlier and essentially flat, down 0.1%, from $1,290,000 in the three months ending September. Over a longer stretch, the median now sits above the $1,250,000 recorded two years ago and is 22.8% higher than the $1,050,000 median of fall 2021.

Price per square foot points the same way. The median rose 5.9% year-over-year to $440, from $416. Because that gain slightly outpaced the median sale price, the price increase does not appear to come from buyers shifting toward larger homes.

Asking prices and sale prices have also moved closer together. The median list price was $1,309,500, compared with $1,337,500 a year ago, while the median sale price climbed. Homes sold for 98.1% of their asking price on average, just under list. The share of homes that sold above asking rose to 20.6% from 18.3% a year earlier, so roughly one in five buyers still paid more than the list price.

Nationally, home prices also continued to rise year-over-year, according to the S&P/Case-Shiller U.S. National Home Price Index.

Supply and market balance

Inventory in Granite Bay declined slightly. There were 151 active listings, down 3.2% from 156 a year earlier and down 7.9% from 164 in the three months ending September. Sellers also brought fewer homes to market, with 71 new listings compared with 82 a year earlier.

Based on current sales and listings, Granite Bay has 2.3 months of supply. That level is generally consistent with a sellers’ market and gives buyers relatively limited choice.

The combination is unusual. Supply is tight and prices are rising, yet homes are taking longer to sell. One explanation is that buyers in this price range are being more deliberate. Steady prices alongside longer marketing times suggest sellers are generally getting their price but must wait longer to find the right buyer.

Affordability under pressure

Higher borrowing costs have raised the cost of buying here. The 30-year fixed mortgage rate averaged 7.33% in October 2026, according to Freddie Mac data via the Federal Reserve. That compares with 6.86% in September and 6.25% in October 2025. The 15-year fixed rate averaged 6.66% in October, up from 5.49% a year earlier.

Together, higher prices and higher rates have raised monthly payments considerably:

  • A buyer putting 20% down on a median-priced Granite Bay home with a 30-year fixed loan would pay about $7,091 a month in principal and interest.
  • That compares with $6,034 a year ago, an increase of $1,057 per month.
  • The current payment equals 46.1% of the city’s median monthly household income, above the 43% threshold the National Association of Realtors considers unaffordable.

Granite Bay’s median household income of $184,606, according to the U.S. Census Bureau, is high by regional standards. Even so, the median home costs about 7.0 times that income, well above the 5x level generally considered unaffordable. The sharp rise in monthly payments may help explain why buyers in this market are taking more time before committing, even as the limited number of listings keeps prices firm.