Is Rancho Belago, 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, Rancho Belago has remained a Seller's Market.
Key Takeaway
Rancho Belago is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rancho Belago, CA
How much do homes in Rancho Belago, CA cost?
Median Sold Price
$565,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rancho Belago have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Rancho Belago was $565,000 in April 2024, up 2.7% from last year, and the median price per square foot was $274.
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 | $510K | $511.5K | 0.3% |
| 4 Bedrooms | $585K | $599K | +2.4% |
| 5+ Bedrooms | $630K | $645K | +2.4% |
Summary: Rancho Belago 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 0.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Moreno Valley Ranch | $500K | $522.5K | +4.5% |
| Rancho Belago | $550K | $565K | +2.7% |
Housing Supply in Rancho Belago, CA
How many homes are available in Rancho Belago, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 126 | 110 | -12.7% |
Summary: The Rancho Belago real estate market had 110 homes for sale in April 2024, a 12.7% 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 | 8 | 5 | -37.5% |
| 3 Bedrooms | 37 | 32 | -13.5% |
| 4 Bedrooms | 57 | 53 | -7.0% |
| 5+ Bedrooms | 24 | 20 | -16.7% |
Summary: The Rancho Belago 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 37.5%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 29 | -19.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rancho Belago, you could pay more than the asking price. 44.8% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Rancho Belago in April 2024, down by 19.4% month-over-month. Of the 29 sold homes, 28% were sold under asking, 28% were sold at asking, and 45% were sold over asking.
Days on Market for Rancho Belago, CA
How long does it take to sell a home in Rancho Belago, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 22 Days | -54.0% |
Summary: Homes in Rancho Belago had an average of 22 days on market in Apr 2024, down by 54% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rancho Belago are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 29 homes were sold in Rancho Belago; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% 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.