Is Moreno Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$530,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Moreno Valley was $530,000 in March 2024, up 1.9% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | - | N/A |
2 Bedrooms | $412K | $420K | +1.9% |
3 Bedrooms | $499K | $506.3K | +1.5% |
4 Bedrooms | $550K | $565K | +2.7% |
5+ Bedrooms | $622.5K | $629.6K | +1.1% |
Summary: Moreno Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
Riverside | $590.5K | $631K | +6.9% |
Perris | $505.1K | $520K | +2.9% |
Moreno Valley | $520K | $530K | +1.9% |
Perris Valley | $540.1K | $550K | +1.8% |
San Gorgonio Pass | $474.6K | $469.3K | -1.1% |
Housing Supply in Moreno Valley, CA
How many homes are available in Moreno Valley, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
349 | 363 | +4.0% |
Summary: The Moreno Valley real estate market had 363 homes for sale in March 2024, a 4.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 22 | 20 | -9.1% |
3 Bedrooms | 128 | 131 | +2.3% |
4 Bedrooms | 150 | 165 | +10.0% |
5+ Bedrooms | 49 | 47 | -4.1% |
Summary: The Moreno Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 4.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 110 | +50.7% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
61 Homes Were Sold
Over Asking
Summary: A total of 110 homes were sold or pending in Moreno Valley in March 2024, up by 50.7% month-over-month. Of the 110 sold homes, 30% were sold under asking, 15% were sold at asking, and 55% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 23 Days | -50.5% |
Summary: Homes in Moreno Valley had an average of 23 days on market in Mar 2024, down by 50.5% compared to last year.
Breakdown of Home Sale Times
82 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 110 homes were sold in Moreno Valley; 75% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.