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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Moreno Valley Ranch is a seller's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Moreno Valley Ranch was a Buyer'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

$515,000

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$5,000(+1.0%)

Key Takeaway

Homes in Moreno Valley Ranch have sold for 1% more than they did a year ago.

Summary: The median home sold price in Moreno Valley Ranch was $515,000 in January 2024, up 1% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 --
N/A
2 $380K$370K
-2.6%
3 $485K$510K
+5.2%
4 $540.5K$528.5K
-2.2%
5+ $609.5K$595K
-2.4%

Summary: Moreno Valley Ranch housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 2.4%.

Median Sold Price Compared To Nearby Neighborhoods

Moreno Valley Ranch
+1.0%
Rancho Belago
-1.6%

Housing Supply in Moreno Valley Ranch, CA

How many homes are available in Moreno Valley Ranch, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
2933+13.8%

Summary: The Moreno Valley Ranch real estate market had 33 homes for sale in January 2024, a 13.8% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1412
-14.3%
4 510
+100.0%
5+ 77
0.0%

Summary: The Moreno Valley Ranch housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Moreno Valley Ranch, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Moreno Valley Ranch in January 2024, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% 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

Jan 2023Jan 2024CHANGE
69 Days20 Days-70.6%

Summary: Homes in Moreno Valley Ranch had an average of 20 days on market in Jan 2024, down by 70.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 8 homes were sold in Moreno Valley Ranch; 75% of homes were sold within 30 days, 25% 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 26 Days Ago

Newest Listings in Moreno Valley Ranch, CA

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