Is Rancho Cucamonga, 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, Rancho Cucamonga has remained a Seller's Market.
Housing Prices in Rancho Cucamonga, CA
How much do homes in Rancho Cucamonga, CA cost?
Median Sold Price
$740,311
$422/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rancho Cucamonga was $740,311 in March 2024, up 2.1% from last year, and the median price per square foot was $422.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $322.5K | $349.9K | +8.5% |
2 Bedrooms | $490K | $507K | +3.5% |
3 Bedrooms | $666.8K | $670K | 0.5% |
4 Bedrooms | $849.3K | $840K | -1.1% |
5+ Bedrooms | $1.1M | $1.1M | +1.0% |
Summary: Rancho Cucamonga housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
Upland | $753.4K | $780.6K | +3.6% |
Rancho Cucamonga | $725K | $740.3K | +2.1% |
Fontana | $610.2K | $606.2K | -0.7% |
Mount Baldy-Wrightwood | $457.4K | $438K | -4.3% |
Housing Supply in Rancho Cucamonga, CA
How many homes are available in Rancho Cucamonga, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
234 | 258 | +10.3% |
Summary: The Rancho Cucamonga real estate market had 258 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 42 | 39 | -7.1% |
3 Bedrooms | 75 | 89 | +18.7% |
4 Bedrooms | 79 | 84 | +6.3% |
5+ Bedrooms | 35 | 43 | +22.9% |
Summary: The Rancho Cucamonga 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 7.1%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 22.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 78 | +47.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 78 homes were sold or pending in Rancho Cucamonga in March 2024, up by 47.2% month-over-month. Of the 78 sold homes, 26% were sold under asking, 12% were sold at asking, and 63% were sold over asking.
Days on Market for Rancho Cucamonga, CA
How long does it take to sell a home in Rancho Cucamonga, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 20 Days | -60.3% |
Summary: Homes in Rancho Cucamonga had an average of 20 days on market in Mar 2024, down by 60.3% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 78 homes were sold in Rancho Cucamonga; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.