Is Folsom, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Folsom was a Buyer'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, PA
How much do homes in Folsom, PA cost?
Median Sold Price
$338,250
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Folsom have sold for 20.8% more than they did a year ago.
Summary: The median home sold price in Folsom was $338,250 in March 2024, up 20.8% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $310K | +26.5% |
| 3 Bedrooms | $275K | $323.7K | +17.7% |
| 4 Bedrooms | $341.2K | $371K | +8.7% |
| 5+ Bedrooms | $362K | $451.7K | +24.8% |
Summary: Folsom housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.5%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 24.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Folsom | $280K | $338.2K | +20.8% |
| Woodlyn | $287.8K | $285K | -1.0% |
Housing Supply in Folsom, PA
How many homes are available in Folsom, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Summary: The Folsom real estate market had 21 homes for sale in March 2024, a 23.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Folsom housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Folsom, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Folsom in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Folsom, PA
How long does it take to sell a home in Folsom, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 126 Days | 35 Days | -71.7% |
Summary: Homes in Folsom had an average of 35 days on market in Mar 2024, down by 71.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were 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 March 2024, 6 homes were sold in Folsom; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
