9/20/24
There are 132 active listings of single family homes in Folsom. Inventory is improving for the area. Home prices range from $459,500 for a 3/1 bath 1039 SF to $2,790,000 for a 5060 SF home on .36 acres.
There are 77 pending sales (including 4 contingencies). Average days on the market for the pending sales is 33. There are 202 sold listings in the last 3 months. Average days on the market for sold listings is an amazing 25 days! Average list price to sale price is an excellent 99.4% indicating many multiple offer situations.
There are two major areas in Folsom. One is Broadstone which is a 1,600 acre development near Highway 50. Broadstone is unique in that it was completely developed by Elliott Homes, Inc. Broadstone consists of single family homes, apartments, office, and retail centers. It is also home to the Broadstone Racquet Club which is a private, membership facility with court sports, swimming, exercise rooms and children and infants play area. The Broadstone villages were built to appeal to first time homebuyers as well as move-up buyers with a wide range of sales prices.
The other is American River Canyon which is located off Oak Avenue Parkway on the other side of the American River from Old Town Folsom. Homes in American River Canyon were built by numerous builders from the early 1980’s to custom homes built currently on custom lots. Nearly all of the homes in this area are good to very good quality custom homes on well-landscaped lots.
