Is Rancho Encantada, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Rancho Encantada has remained a Seller's Market.
Housing Prices in Rancho Encantada, CA
How much do homes in Rancho Encantada, CA cost?
Median Sold Price
$2,450,000
$556/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Rancho Encantada was $2,450,000 in June 2024, up 3.8% from last year, and the median price per square foot was $556.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $2.3M | - | N/A |
4 Bedrooms | $2.1M | $2.5M | +14.5% |
5+ Bedrooms | $2.5M | $2.4M | -4.4% |
Summary: Rancho Encantada housing prices by bedroom type for June 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 did not change, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Neighborhoods
Scripps Ranch | $1.2M | $1.4M | +14.0% |
Northeastern San Diego | $921.6K | $1.0M | +12.6% |
Rancho Encantada | $2.3M | $2.4M | +3.8% |
Sycamore Estates | $2.5M | $2.4M | -1.0% |
Housing Supply in Rancho Encantada, CA
How many homes are available in Rancho Encantada, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Summary: The Rancho Encantada real estate market had 14 homes for sale in June 2024, a 40.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 0 | 2 | +100.0% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Rancho Encantada housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Rancho Encantada in June 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rancho Encantada, CA
How long does it take to sell a home in Rancho Encantada, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
9 Days | 32 Days | +236.8% |
Summary: Homes in Rancho Encantada had an average of 32 days on market in Jun 2024, up by 236.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 3 homes were sold in Rancho Encantada; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.