Is Foothill Ranch, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Foothill Ranch has remained a Seller's Market.
Key Takeaway
Foothill Ranch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Foothill Ranch, CA
How much do homes in Foothill Ranch, CA cost?
Median Sold Price
$841,500
$619/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Foothill Ranch have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Foothill Ranch was $841,500 in April 2024, up 0.6% from last year, and the median price per square foot was $619.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $430K | $440K | +2.3% |
| 2 Bedrooms | $570K | $647.5K | +13.6% |
| 3 Bedrooms | $950K | $1.1M | +16.8% |
| 4 Bedrooms | $1.2M | $1.3M | +8.2% |
| 5+ Bedrooms | $1.5M | $1.5M | +2.8% |
Summary: Foothill Ranch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Portola Hills | $850K | $1.1M | +31.8% |
| Baker Ranch | $1.4M | $1.6M | +14.2% |
| Orange County Great Park | $1.5M | $1.5M | +4.6% |
| Foothill Ranch | $836.5K | $841.5K | +0.6% |
Housing Supply in Foothill Ranch, CA
How many homes are available in Foothill Ranch, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 27 | -18.2% |
Summary: The Foothill Ranch real estate market had 27 homes for sale in April 2024, a 18.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 13 | 7 | -46.2% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Foothill Ranch housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 46.2%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 9 | -43.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Foothill Ranch, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Foothill Ranch in April 2024, down by 43.8% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Foothill Ranch, CA
How long does it take to sell a home in Foothill Ranch, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 13 Days | -8.3% |
Summary: Homes in Foothill Ranch had an average of 13 days on market in Apr 2024, down by 8.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Foothill Ranch are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Foothill Ranch; 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.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.