Is Rancho San Diego, 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 San Diego has remained a Seller's Market.
Housing Prices in Rancho San Diego, CA
How much do homes in Rancho San Diego, CA cost?
Median Sold Price
$935,000
$527/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rancho San Diego was $935,000 in April 2024, up 3.6% from last year, and the median price per square foot was $527.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $398K | $415K | +4.3% |
2 Bedrooms | $535K | $542.5K | +1.4% |
3 Bedrooms | $890K | $910K | +2.2% |
4 Bedrooms | $992.2K | $1.0M | +10.3% |
5+ Bedrooms | $1.4M | $1.3M | -6.9% |
Summary: Rancho San Diego housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 6.9%.
Median Sold Price Compared To Nearby Neighborhoods
Casa de Oro-Mount Helix | $949.9K | $1.0M | +13.2% |
Crest | $740K | $815K | +10.1% |
Rancho San Diego | $902.5K | $935K | +3.6% |
Spring Valley | $715K | $740K | +3.5% |
Granite Hills | $1.0M | $914.5K | -11.9% |
Housing Supply in Rancho San Diego, CA
How many homes are available in Rancho San Diego, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 51 | +13.3% |
Summary: The Rancho San Diego real estate market had 51 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 18 | 16 | -11.1% |
3 Bedrooms | 9 | 12 | +33.3% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Rancho San Diego housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 16 | +45.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Rancho San Diego in April 2024, up by 45.5% month-over-month. Of the 16 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Rancho San Diego, CA
How long does it take to sell a home in Rancho San Diego, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 12 Days | -2.9% |
Summary: Homes in Rancho San Diego had an average of 12 days on market in Apr 2024, down by 2.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Rancho San Diego; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.