Uncategorized March 12, 2024

Folsom Real Estate Market Update March 2024

In this video, I analyze the current trends in the Folsom housing market. Here’s a breakdown of the key takeaways:

Market Overview

  • Interest rates are higher than expected in 2024, which is keeping some buyers out of the market.
  • This has resulted in a similar number of homes on the market compared to last year, which were historically low numbers.
  • There are a few more sellers in the market this year compared to last.

What it Means for Sellers

  • With few resale options and many homeowners enjoying historically low interest rates, there are more buyers than sellers in the market.
  • This simple supply and demand principle is pushing home values up, making it a great time to sell your Folsom home.
  • The average sales price of single family homes in Folsom is currently $915,000, up from $837,000 over the last quarter.

What it Means for Buyers

  • Single-family homes are staying on the market a bit longer than last year, averaging 58 days on the market compared to 46 days last year.
  • This gives buyers more options to choose from.

Tips for Folsom Home Buyers and Sellers

  • If you are considering buying a new construction home, it’s important to have a realtor present with you at your first visit to the community. This will ensure you have an agent representing you to negotiate the best deals and incentives.
  • For a list of all the building developments in the Folsom area, including the entire Sacramento Metro. Click this link.
  • Our services are free and can be a valuable resource throughout your home buying process.


The Folsom real estate market in March 2024 presents opportunities for both buyers and sellers. If you’re looking for expert guidance from a team that cares, Irik Edens and Full of Heart Homes is here to help.

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