Is Moreno Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Moreno Valley has remained a Seller's Market.
Housing Prices in Moreno Valley, CA
How much do homes in Moreno Valley, CA cost?
Median Sold Price
$540,000
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Moreno Valley was $540,000 in June 2024, up 5.9% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | - | N/A |
2 Bedrooms | $405K | $435K | +7.4% |
3 Bedrooms | $491.5K | $515K | +4.8% |
4 Bedrooms | $540K | $580K | +7.4% |
5+ Bedrooms | $616.8K | $635K | +2.9% |
Summary: Moreno Valley housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
Riverside | $595.6K | $647.1K | +8.7% |
Perris | $503K | $535K | +6.4% |
Moreno Valley | $510.1K | $540K | +5.9% |
Perris Valley | $536.4K | $557.2K | +3.9% |
San Gorgonio Pass | $462K | $480K | +3.9% |
Housing Supply in Moreno Valley, CA
How many homes are available in Moreno Valley, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
392 | 375 | -4.3% |
Summary: The Moreno Valley real estate market had 375 homes for sale in June 2024, a 4.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 26 | 25 | -3.8% |
3 Bedrooms | 148 | 140 | -5.4% |
4 Bedrooms | 166 | 151 | -9.0% |
5+ Bedrooms | 52 | 59 | +13.5% |
Summary: The Moreno Valley housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 13.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
93 | 91 | -2.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Summary: A total of 91 homes were sold or pending in Moreno Valley in June 2024, down by 2.2% month-over-month. Of the 91 sold homes, 22% were sold under asking, 18% were sold at asking, and 60% were sold over asking.
Days on Market for Moreno Valley, CA
How long does it take to sell a home in Moreno Valley, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
29 Days | 22 Days | -21.6% |
Summary: Homes in Moreno Valley had an average of 22 days on market in Jun 2024, down by 21.6% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 91 homes were sold in Moreno Valley; 76% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.