Is Ramona, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ramona is a seller's market

Buyer's
Market

Difference Since January 2023

Since last year, Ramona has remained a Seller's Market.

Key Takeaway

Ramona is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ramona, CA

How much do homes in Ramona, CA cost?

Median Sold Price

$775,000

$388/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$33,333(+4.5%)

Key Takeaway

Homes in Ramona have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Ramona was $775,000 in January 2024, up 4.5% from last year, and the median price per square foot was $388.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $370K$697.5K
+88.5%
2 $480K$542.5K
+13.0%
3 $709.6K$743K
+4.7%
4 $811K$839.5K
+3.5%
5+ $960K$891K
-7.2%

Summary: Ramona housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 88.5%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 7.2%.

Median Sold Price Compared To Nearby Cities

Palomar-Julian
+7.5%
Ramona
+4.5%
Poway
+4.0%
Oceanside-Escondido
+1.7%

Housing Supply in Ramona, CA

How many homes are available in Ramona, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
8283+1.2%

Summary: The Ramona real estate market had 83 homes for sale in January 2024, a 1.2% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 810
+25.0%
3 3734
-8.1%
4 2526
+4.0%
5+ 1213
+8.3%

Summary: The Ramona 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 25%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
2627+3.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ramona, you could pay more than the asking price. 51.9% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in Ramona in January 2024, up by 3.8% month-over-month. Of the 27 sold homes, 19% were sold under asking, 30% were sold at asking, and 52% were sold over asking.

Days on Market for Ramona, CA

How long does it take to sell a home in Ramona, CA?

Average Sale Time

Jan 2023Jan 2024CHANGE
39 Days30 Days-22.7%

Summary: Homes in Ramona had an average of 30 days on market in Jan 2024, down by 22.7% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 27 homes were sold in Ramona; 59% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

Newest Listings in Ramona, CA

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