Is Folsom, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Folsom is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Folsom was a Seller's Market.

Key Takeaway

Folsom is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Folsom, NJ

How much do homes in Folsom, NJ cost?

Median Sold Price

$170,000

$138/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$125,000(-42.4%)

Key Takeaway

Homes in Folsom have sold for 42.4% less than they did a month ago.

Summary: The median home sold price in Folsom was $170,000 in November 2024, down 42.4% from last month, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $295K$170K
-42.4%
4 --
N/A
5+ --
N/A

Summary: Folsom housing prices by bedroom type for November 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 decreased by 42.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Folsom, NJ

How many homes are available in Folsom, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10100.0%

Summary: The Folsom real estate market had 10 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 77
0.0%
4 00
0.0%
5+ 11
0.0%

Summary: The Folsom housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Folsom, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Folsom in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Oct 2024Nov 2024CHANGE
24 Days101 Days+320.8%

Summary: Homes in Folsom had an average of 101 days on market in Nov 2024, up by 320.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Folsom are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Folsom; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

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