Is Moreno Valley, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Moreno Valley is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Moreno Valley has remained a Seller's Market.

Key Takeaway

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

How much do homes in Moreno Valley, CA cost?

Median Sold Price

$520,066

$300/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$65,066(+14.3%)

Key Takeaway

Homes in Moreno Valley have sold for 14.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $291K$360K
+23.7%
2 $340K$412.5K
+21.3%
3 $430K$500K
+16.3%
4 $487K$550K
+12.9%
5+ $535K$619K
+15.7%

Median Sold Price Compared To Nearby Cities

Perris
+16.1%
Perris Valley
+15.0%
San Gorgonio Pass
+14.4%
Moreno Valley
+14.3%
Riverside
+13.5%

How many homes are available in Moreno Valley, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
445411-7.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 10
-100.0%
2 3026
-13.3%
3 186168
-9.7%
4 168156
-7.1%
5+ 6061
+1.7%

Number of Homes Sold

Oct 2022Nov 2022%
10393-9.7%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

39 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Moreno Valley, you could pay more than the asking price. 42.4% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
14 Days32 Days+118.5%

Breakdown of Home Sale Times

59 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Moreno Valley, CA

Number of homes for sale in Moreno Valley, CA real estate market have reached 411. The number of homes for sale in Moreno Valley, CA decreased by 7.6% between October 2022 and November 2022. In November 2022 median list price was $520,066 and the average listing age was 32 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 23.7%, the cost of 2 bedrooms properties went up by 21.3%, the cost of 3 bedrooms properties went up by 16.3%, the cost of 4 bedrooms properties went up by 12.9%, 5 bedrooms properties became 15.7% more expensive. This housing market inventory have changed: the quantity of 1 bedroom homes went down by 100%, 2 bedrooms homes became 13.3% less available, the quantity of 3 bedrooms homes went down by 9.7%, 4 bedrooms homes inventory decreased by 7.1%, number of 5 bedrooms homes increased by 1.7%. While more than 39 listings in Moreno Valley, CA in November 2022 were sold above asking price, there were more than 17 listings sold at asking price, and more than 36 were sold below.

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