Is Rancho Cucamonga, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rancho Cucamonga is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Rancho Cucamonga, CA

How much do homes in Rancho Cucamonga, CA cost?

Median Sold Price

$737,812

$417/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$12,114(+1.7%)

Key Takeaway

Homes in Rancho Cucamonga have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Rancho Cucamonga was $737,812 in February 2024, up 1.7% from last year, and the median price per square foot was $417.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $326.5K$343.9K
+5.3%
2 $485K$501K
+3.3%
3 $670.3K$662.8K
-1.1%
4 $853.8K$834K
-2.3%
5+ $1.0M$1.1M
+2.8%

Summary: Rancho Cucamonga housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 2.8%.

Median Sold Price Compared To Nearby Cities

Rancho Cucamonga
+1.7%
Upland
+1.5%
Fontana
-3.1%
Mount Baldy-Wrightwood
-5.9%

Housing Supply in Rancho Cucamonga, CA

How many homes are available in Rancho Cucamonga, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
208227+9.1%

Summary: The Rancho Cucamonga real estate market had 227 homes for sale in February 2024, a 9.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 31
-66.7%
2 3441
+20.6%
3 6773
+9.0%
4 6771
+6.0%
5+ 3741
+10.8%

Summary: The Rancho Cucamonga housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 10.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
5849-15.5%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rancho Cucamonga, you may be able to get a good deal. 51% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in Rancho Cucamonga in February 2024, down by 15.5% month-over-month. Of the 49 sold homes, 51% were sold under asking, 10% were sold at asking, and 39% 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

Feb 2023Feb 2024CHANGE
50 Days26 Days-48.1%

Summary: Homes in Rancho Cucamonga had an average of 26 days on market in Feb 2024, down by 48.1% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 49 homes were sold in Rancho Cucamonga; 73% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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