Is Folsom, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Folsom has remained a Seller's Market.
Key Takeaway
Folsom is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Folsom, NJ
How much do homes in Folsom, NJ cost?
Median Sold Price
$271,250
$193/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Folsom have sold for 18.5% less than they did a month ago.
Summary: The median home sold price in Folsom was $271,250 in April 2024, down 18.5% from last month, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $195K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $310K | - | N/A |
| 4 Bedrooms | $333K | $347.5K | +4.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Folsom housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Folsom | $333K | $271.2K | -18.5% |
| Newtonville | $378K | $308.2K | -18.5% |
Housing Supply in Folsom, NJ
How many homes are available in Folsom, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Folsom real estate market had 8 homes for sale in April 2024, a 11.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Folsom housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Folsom, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Folsom in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Folsom, NJ
How long does it take to sell a home in Folsom, NJ?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 104 Days | 66 Days | -36.9% |
Summary: Homes in Folsom had an average of 66 days on market in Apr 2024, down by 36.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Folsom are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Folsom; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.