Is Southwest Rancho Cucamonga, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Southwest Rancho Cucamonga has remained a Seller's Market.
Key Takeaway
Southwest Rancho Cucamonga is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwest Rancho Cucamonga, CA
How much do homes in Southwest Rancho Cucamonga, CA cost?
Median Sold Price
$562,500
$455/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Southwest Rancho Cucamonga has remained the same since last year.
Summary: The median home sold price in Southwest Rancho Cucamonga was $562,500 in March 2024, up 0.4% from last year, and the median price per square foot was $455.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $353K | $360K | +2.0% |
| 2 Bedrooms | $450K | $461.5K | +2.6% |
| 3 Bedrooms | $593.5K | $616K | +3.8% |
| 4 Bedrooms | $695K | $700K | +0.7% |
| 5+ Bedrooms | $900K | $786K | -12.7% |
Summary: Southwest Rancho Cucamonga housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 12.7%.
Housing Supply in Southwest Rancho Cucamonga, CA
How many homes are available in Southwest Rancho Cucamonga, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 36 | -2.7% |
Summary: The Southwest Rancho Cucamonga real estate market had 36 homes for sale in March 2024, a 2.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 11 | -26.7% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Southwest Rancho Cucamonga housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 26.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Rancho Cucamonga, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Southwest Rancho Cucamonga in March 2024, up by 8.3% month-over-month. Of the 13 sold homes, 31% were sold under asking, 8% were sold at asking, and 62% were sold over asking.
Days on Market for Southwest Rancho Cucamonga, CA
How long does it take to sell a home in Southwest Rancho Cucamonga, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 16 Days | -37.5% |
Summary: Homes in Southwest Rancho Cucamonga had an average of 16 days on market in Mar 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southwest Rancho Cucamonga are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Southwest Rancho Cucamonga; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% 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.