$4,691 Closing Credit*
$395,000
2,325 SqFt
3 Beds
•2 Full Baths
Kiersten Morgan, Listing Office: Crane Realty
Is Forest Ranch, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Forest Ranch has remained a Seller's Market.
Key Takeaway
Forest Ranch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forest Ranch, CA
How much do homes in Forest Ranch, CA cost?
Median Sold Price
$315,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$63,000(-16.7%)
Key Takeaway
Homes in Forest Ranch have sold for 16.7% less than they did a year ago.
Summary: The median home sold price in Forest Ranch was $315,000 in November 2024, down 16.7% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $229.5K | N/A |
| 2 Bedrooms | $350K | $280K | -20.0% |
| 3 Bedrooms | $330K | $400K | +21.2% |
| 4 Bedrooms | $745K | $537K | -27.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Forest Ranch housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 21.2%, 4 bedroom homes decreased by 27.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Magalia | $325K | $310K | -4.6% |
| Forest Ranch | $378K | $315K | -16.7% |
Housing Supply in Forest Ranch, CA
How many homes are available in Forest Ranch, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Forest Ranch real estate market had 18 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Forest Ranch housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Ranch, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Forest Ranch in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Forest Ranch, CA
How long does it take to sell a home in Forest Ranch, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 98 Days | +94.1% |
Summary: Homes in Forest Ranch had an average of 98 days on market in Nov 2024, up by 94.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Forest Ranch are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 6 homes were sold in Forest Ranch; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% 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.