Is Moreno Valley, 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, Moreno Valley has remained a Seller's Market.
Housing Prices in Moreno Valley, CA
How much do homes in Moreno Valley, CA cost?
Median Sold Price
$533,514
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Moreno Valley was $533,514 in April 2024, up 3.6% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | - | N/A |
2 Bedrooms | $410K | $427.9K | +4.4% |
3 Bedrooms | $495K | $510K | +3.0% |
4 Bedrooms | $546.1K | $570K | +4.4% |
5+ Bedrooms | $620K | $630K | +1.6% |
Summary: Moreno Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
Riverside | $595.3K | $637.1K | +7.0% |
Perris | $503K | $530.2K | +5.4% |
Moreno Valley | $515K | $533.5K | +3.6% |
Perris Valley | $539.9K | $550K | +1.9% |
San Gorgonio Pass | $469.5K | $469.9K | 0.1% |
Housing Supply in Moreno Valley, CA
How many homes are available in Moreno Valley, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
385 | 345 | -10.4% |
Summary: The Moreno Valley real estate market had 345 homes for sale in April 2024, a 10.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 26 | 23 | -11.5% |
3 Bedrooms | 142 | 124 | -12.7% |
4 Bedrooms | 168 | 152 | -9.5% |
5+ Bedrooms | 49 | 46 | -6.1% |
Summary: The Moreno Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.5%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 6.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
111 | 102 | -8.1% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
54 Homes Were Sold
Over Asking
Summary: A total of 102 homes were sold or pending in Moreno Valley in April 2024, down by 8.1% month-over-month. Of the 102 sold homes, 26% were sold under asking, 21% were sold at asking, and 53% were sold over asking.
Days on Market for Moreno Valley, CA
How long does it take to sell a home in Moreno Valley, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 20 Days | -51.0% |
Summary: Homes in Moreno Valley had an average of 20 days on market in Apr 2024, down by 51% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 102 homes were sold in Moreno Valley; 75% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.