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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rancho Santa Margarita is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Rancho Santa Margarita, CA cost?

Median Sold Price

$890,000

$580/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$90,000(+11.3%)

Key Takeaway

Homes in Rancho Santa Margarita have sold for 11.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $350K$429K
+22.6%
2 $520K$599K
+15.2%
3 $806K$905K
+12.3%
4 $1.0M$1.2M
+19.0%
5+ $1.2M$1.4M
+15.7%

Median Sold Price Compared To Nearby Cities

Mission Viejo
+15.5%
Rancho Santa Margarita
+11.3%
Silverado
+9.8%

How many homes are available in Rancho Santa Margarita, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
141113-19.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 66
0.0%
2 4936
-26.5%
3 3935
-10.3%
4 3928
-28.2%
5+ 88
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
4933-32.7%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rancho Santa Margarita, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
15 Days32 Days+106.5%

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

12 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 Santa Margarita are selling fast, if you're buying plan to act quickly.

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

About Rancho Santa Margarita, CA

Homes for sale in Rancho Santa Margarita, CA have reached 113. The number of listings in Rancho Santa Margarita, CA decreased by 19.9% between October 2022 and November 2022. Listings spent 32 days on the market in November 2022, and had a median list price of $890,000 during the same period. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties prices increased by 22.6%, prices of 2 bedrooms properties went up by 15.2%, prices of 3 bedrooms properties went up by 12.3%, the cost of 4 bedrooms properties went up by 19%, prices of 5 bedrooms properties increased by 15.7%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went down by 26.5%, 3 bedrooms homes inventory decreased by 10.3%, the quantity of 4 bedrooms homes went down by 28.2%, 5 bedrooms homes did not move. While more than 7 listings in Rancho Santa Margarita, CA in November 2022 were sold above asking price, there were more than 5 listings sold at asking price, and more than 21 were sold below.

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