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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hope Ranch is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Hope Ranch was a Seller's Market.

Key Takeaway

Hope Ranch is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Hope Ranch, CA

How much do homes in Hope Ranch, CA cost?

Median Sold Price

$6,468,750

$1,690/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$3,968,750(+158.8%)

Key Takeaway

Homes in Hope Ranch have sold for 158.8% more than they did a month ago.

Summary: The median home sold price in Hope Ranch was $6,468,750 in April 2024, up 158.8% from last month, and the median price per square foot was $1,690.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $2.1M-
N/A
4 -$4.9M
N/A
5+ $4.5M$8.0M
+75.5%

Summary: Hope Ranch housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 75.5%.

Housing Supply in Hope Ranch, CA

How many homes are available in Hope Ranch, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
14140.0%

Summary: The Hope Ranch real estate market had 14 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 42
-50.0%
4 46
+50.0%
5+ 66
0.0%

Summary: The Hope Ranch housing inventory by bedroom type for April 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 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 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 Hope Ranch, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Hope Ranch in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Hope Ranch, CA

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

Average Sale Time

Mar 2024Apr 2024CHANGE
42 Days1 Day-97.6%

Summary: Homes in Hope Ranch had an average of 1 days on market in Apr 2024, down by 97.6% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hope Ranch are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in Hope Ranch; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 18 Days Ago

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