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 June 2023
Since last year, Moreno Valley Ranch has remained a Seller's Market.
Housing Prices in Moreno Valley Ranch, CA
How much do homes in Moreno Valley Ranch, CA cost?
Median Sold Price
$530,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Moreno Valley Ranch was $530,000 in June 2024, up 6% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $372K | $375K | +0.8% |
3 Bedrooms | $475K | $514K | +8.2% |
4 Bedrooms | $527.5K | $562.5K | +6.6% |
5+ Bedrooms | $599K | $618K | +3.2% |
Summary: Moreno Valley Ranch 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 0.8%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Neighborhoods
Moreno Valley Ranch | $500K | $530K | +6.0% |
Rancho Belago | $550K | $578.4K | +5.2% |
Housing Supply in Moreno Valley Ranch, CA
How many homes are available in Moreno Valley Ranch, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
28 | 36 | +28.6% |
Summary: The Moreno Valley Ranch real estate market had 36 homes for sale in June 2024, a 28.6% increase 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 | 2 | 5 | +150.0% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Moreno Valley Ranch 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 increased by 150%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Moreno Valley Ranch in June 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
58 Days | 32 Days | -45.0% |
Summary: Homes in Moreno Valley Ranch had an average of 32 days on market in Jun 2024, down by 45% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 7 homes were sold in Moreno Valley Ranch; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.