$2,690,000
2,947 SqFt
4 Beds
•3 Full Baths
Chantal Sanchez, Listing Office: Berkshire Hathaway HomeServices California Properties
Is Rancho Santa Fe, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Rancho Santa Fe was a Seller's Market.
Key Takeaway
Rancho Santa Fe is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rancho Santa Fe, CA
How much do homes in Rancho Santa Fe, CA cost?
Median Sold Price
$4,500,000
$1,092/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$300,000(+7.1%)
Key Takeaway
Homes in Rancho Santa Fe have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Rancho Santa Fe was $4,500,000 in August 2024, up 7.1% from last year, and the median price per square foot was $1,092.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $2.1M | $2.5M | +16.2% |
| 3 Bedrooms | $2.9M | $4.1M | +38.6% |
| 4 Bedrooms | $3.1M | $4.1M | +32.3% |
| 5+ Bedrooms | $6.4M | $7.3M | +13.2% |
Summary: Rancho Santa Fe housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 38.6%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Neighborhoods
| The Covenant of Rancho Santa Fe | $4.7M | $5.2M | +11.6% |
| Rancho Santa Fe | $4.2M | $4.5M | +7.1% |
| Fairbanks Ranch | $3.9M | $3.9M | 0.0% |
Housing Supply in Rancho Santa Fe, CA
How many homes are available in Rancho Santa Fe, CA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 44 | 41 | -6.8% |
Summary: The Rancho Santa Fe real estate market had 41 homes for sale in August 2024, a 6.8% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 24 | 20 | -16.7% |
Summary: The Rancho Santa Fe housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 12 | 4 | -66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rancho Santa Fe, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Rancho Santa Fe in August 2024, down by 66.7% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Rancho Santa Fe, CA
How long does it take to sell a home in Rancho Santa Fe, CA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 52 Days | 46 Days | -10.3% |
Summary: Homes in Rancho Santa Fe had an average of 46 days on market in Aug 2024, down by 10.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rancho Santa Fe has remained consistent over time.
Summary: During August 2024, 4 homes were sold in Rancho Santa Fe; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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.