Is Ramona, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ramona has remained a Seller's Market.
Housing Prices in Ramona, CA
How much do homes in Ramona, CA cost?
Median Sold Price
$795,000
$403/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ramona was $795,000 in May 2024, up 9.7% from last year, and the median price per square foot was $403.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $370K | $697.5K | +88.5% |
2 Bedrooms | $480K | $505K | +5.2% |
3 Bedrooms | $700K | $769K | +9.9% |
4 Bedrooms | $815K | $840K | +3.1% |
5+ Bedrooms | $860K | $977.4K | +13.7% |
Summary: Ramona housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 88.5%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Cities
Poway | $1.0M | $1.2M | +20.1% |
Ramona | $725K | $795K | +9.7% |
Palomar-Julian | $549.5K | $594K | +8.1% |
Oceanside-Escondido | $831K | $897K | +7.9% |
Housing Supply in Ramona, CA
How many homes are available in Ramona, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
113 | 131 | +15.9% |
Summary: The Ramona real estate market had 131 homes for sale in May 2024, a 15.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 47 | 55 | +17.0% |
4 Bedrooms | 34 | 44 | +29.4% |
5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Ramona housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 35 | +20.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Ramona in May 2024, up by 20.7% month-over-month. Of the 35 sold homes, 26% were sold under asking, 17% were sold at asking, and 57% were sold over asking.
Days on Market for Ramona, CA
How long does it take to sell a home in Ramona, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 14 Days | -43.3% |
Summary: Homes in Ramona had an average of 14 days on market in May 2024, down by 43.3% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 35 homes were sold in Ramona; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.