Is Ramona - Riverside, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ramona - Riverside has remained a Seller's Market.
Housing Prices in Ramona - Riverside, CA
How much do homes in Ramona - Riverside, CA cost?
Median Sold Price
$580,000
$434/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ramona - Riverside was $580,000 in May 2024, up 6.4% from last year, and the median price per square foot was $434.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $342K | $450K | +31.6% |
3 Bedrooms | $535K | $577.5K | +7.9% |
4 Bedrooms | $565K | $600K | +6.2% |
5+ Bedrooms | $606K | $605K | -0.2% |
Summary: Ramona - Riverside housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Neighborhoods
Presidential Park | $520K | $569.5K | +9.5% |
Airport | $511K | $552.5K | +8.1% |
Ramona - Riverside | $545K | $580K | +6.4% |
Casa Blanca | $504.5K | $535K | +6.0% |
Arlington | $528K | $550K | +4.2% |
Housing Supply in Ramona - Riverside, CA
How many homes are available in Ramona - Riverside, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 34 | 0.0% |
Summary: The Ramona - Riverside real estate market had 34 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 18 | 10 | -44.4% |
4 Bedrooms | 11 | 18 | +63.6% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Ramona - Riverside housing inventory by bedroom type for May 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 44.4%, 4 bedroom homes increased by 63.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 8 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Ramona - Riverside in May 2024, down by 33.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for Ramona - Riverside, CA
How long does it take to sell a home in Ramona - Riverside, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 17 Days | -6.4% |
Summary: Homes in Ramona - Riverside had an average of 17 days on market in May 2024, down by 6.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Ramona - Riverside; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.