The median home in El Dorado Hills sold for more than $1 million in March, a threshold the suburb cleared with room to spare as buyers competed for a roughly steady pool of listings. Newly released Redfin data shows the median sale price hit $1,050,000, up 16% from $905,000 a year earlier and up 20% from February — a sharp jump even by the standards of a typical spring market.

Prices push past the million-dollar mark

The year-over-year price gain stands out against a largely flat California market, where the statewide median sale price rose just 0.7% to $855,300. El Dorado Hills, population roughly 51,000, continues to trade at a substantial premium to the state, and that gap widened in March. Nationally, the S&P/Case-Shiller index was essentially flat year-over-year, underscoring how much the local price move outpaced the broader trend.

One nuance complicates the headline number: while the median sale price rose 16%, the median price per square foot actually slipped 1.5%, from $379 to $373. That suggests March’s higher median was driven in part by a shift in the mix of homes sold — toward larger properties — rather than uniform appreciation across the market. In a city where only 63 homes changed hands during the month, the composition of sales can move the median meaningfully.

Compared with two years ago, when the March 2024 median was $975,000, prices are up about 8%. Stretching the lens further, the median has risen roughly 33% from the $790,000 recorded in March 2021.

A faster, tighter market

Homes moved more quickly than they did a year ago. The median days on market fell to 18, down from 20 in March 2025 and a steep drop from 42 in February — a shift that reflects the usual seasonal pickup as the spring buying window opens. Nearly half of all listings, 49.4%, went off the market within two weeks.

Active inventory totaled 175 homes, almost unchanged from 176 a year ago but up nearly 21% from February as sellers brought new listings to market. New listings totaled 114, up from 103 in March 2025. With 63 homes sold during the month, El Dorado Hills had about 2.8 months of supply — still firmly in seller’s-market territory, where anything under roughly four months tilts toward sellers.

Even so, there are signs buyers are pushing back on pricing. Just 19% of homes sold above the list price in March, down from 27.3% a year earlier, and 28% of active listings had a price cut, roughly in line with last year. The sale-to-list ratio came in at 98.4%, meaning the typical home sold for slightly less than its asking price.

Affordability and the rate backdrop

The 30-year fixed mortgage rate averaged 6.18% in March, according to Freddie Mac, down from 6.65% a year earlier but up from 6.05% in February. The 15-year fixed averaged 5.55%.

Even with rates lower than last March, the price increase has more than offset rate relief for buyers in El Dorado Hills. The principal-and-interest payment on a median-priced home with 20% down works out to about $5,134 a month, roughly $486 more than a year ago, when the same exercise produced a $4,648 payment.

That payment represents about 37% of the area’s median household monthly income. According to U.S. Census Bureau data, the median household income in El Dorado Hills is $165,349, putting the price-to-income ratio at 6.4 — well above the 5x threshold generally considered unaffordable, though the city’s incomes are high enough to keep mortgage payments within reach for many buyers.

How March compared

A quick recap of the key year-over-year changes:

  • Median sale price: $1,050,000, up 16.0%
  • Median price per square foot: $373, down 1.5%
  • Homes sold: 63, down from 66
  • Active inventory: 175, essentially flat
  • Median days on market: 18, down from 20
  • Share sold above list: 19.0%, down from 27.3%

The picture that emerges is of a market still tilted toward sellers — homes are moving quickly and supply is tight — but one where buyers are increasingly unwilling to bid above asking. With the median crossing seven figures and monthly payments climbing nearly $500 from a year ago, the cost of entry in El Dorado Hills is meaningfully higher than it was last spring.