Is Forest Ranch, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Forest Ranch is a seller's market

Buyer's
Market

Difference Since January 2023

Since last year, Forest Ranch has remained a Seller's Market.

Key Takeaway

Forest Ranch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Forest Ranch, CA

How much do homes in Forest Ranch, CA cost?

Median Sold Price

$350,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$40,000(-10.3%)

Key Takeaway

Homes in Forest Ranch have sold for 10.3% less than they did a year ago.

Summary: The median home sold price in Forest Ranch was $350,000 in January 2024, down 10.3% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $202K-
N/A
2 $315K$332.5K
+5.6%
3 $405K$339K
-16.3%
4 $655K$585K
-10.7%
5+ $950K-
N/A

Summary: Forest Ranch housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 16.3%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Magalia
-2.5%
Forest Ranch
-10.3%

Housing Supply in Forest Ranch, CA

How many homes are available in Forest Ranch, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
87-12.5%

Summary: The Forest Ranch real estate market had 7 homes for sale in January 2024, a 12.5% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 22
0.0%
3 54
-20.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Forest Ranch housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forest Ranch, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Forest Ranch in January 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Forest Ranch, CA

How long does it take to sell a home in Forest Ranch, CA?

Average Sale Time

Jan 2023Jan 2024CHANGE
66 Days88 Days+33.3%

Summary: Homes in Forest Ranch had an average of 88 days on market in Jan 2024, up by 33.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Forest Ranch has remained consistent over time.

Summary: During January 2024, 4 homes were sold in Forest Ranch; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 20 Days Ago

Newest Listings in Forest Ranch, CA

Nearby Markets to Forest Ranch, CA

What housing markets are near Forest Ranch, CA?