Is Moreno Valley 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, Moreno Valley Ranch has remained a Seller's Market.
Key Takeaway
Moreno Valley Ranch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Moreno Valley Ranch, CA
How much do homes in Moreno Valley Ranch, CA cost?
Median Sold Price
$522,500
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Moreno Valley Ranch have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Moreno Valley Ranch was $522,500 in April 2024, up 4.5% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $375K | $375K | 0.0% |
| 3 Bedrooms | $482.5K | $510K | +5.7% |
| 4 Bedrooms | $535K | $557K | +4.1% |
| 5+ Bedrooms | $581K | $625K | +7.6% |
Summary: Moreno Valley Ranch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Moreno Valley Ranch | $500K | $522.5K | +4.5% |
| Rancho Belago | $550K | $565K | +2.7% |
Housing Supply in Moreno Valley Ranch, CA
How many homes are available in Moreno Valley Ranch, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 28 | -20.0% |
Summary: The Moreno Valley Ranch real estate market had 28 homes for sale in April 2024, a 20.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Moreno Valley 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 decreased by 50%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Moreno Valley Ranch, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Moreno Valley Ranch in April 2024, down by 38.5% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.
Days on Market for Moreno Valley Ranch, CA
How long does it take to sell a home in Moreno Valley Ranch, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 26 Days | -50.6% |
Summary: Homes in Moreno Valley Ranch had an average of 26 days on market in Apr 2024, down by 50.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Moreno Valley Ranch are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Moreno Valley Ranch; 50% of homes were sold within 30 days, 50% 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.