Is Moraga, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Moraga is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Moraga has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Moraga, CA

How much do homes in Moraga, CA cost?

Median Sold Price

$1,680,000

$763/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$55,000(+3.4%)

Key Takeaway

Homes in Moraga have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Moraga was $1,680,000 in May 2024, up 3.4% from last year, and the median price per square foot was $763.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $410K$437.7K
+6.8%
2 $755K$715K
-5.3%
3 $1.4M$1.1M
-15.5%
4 $1.8M$1.9M
+8.1%
5+ $2.3M$2.1M
-10.8%

Summary: Moraga housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 15.5%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 10.8%.

Median Sold Price Compared To Nearby Cities

Moraga
+3.4%
Central Contra Costa
+2.1%
Orinda
+1.0%
Lafayette
-6.6%

Housing Supply in Moraga, CA

How many homes are available in Moraga, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3856+47.4%

Summary: The Moraga real estate market had 56 homes for sale in May 2024, a 47.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 24
+100.0%
2 46
+50.0%
3 815
+87.5%
4 1622
+37.5%
5+ 89
+12.5%

Summary: The Moraga housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 87.5%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1319+46.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Moraga, you could pay more than the asking price. 72.2% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Moraga in May 2024, up by 46.2% month-over-month. Of the 18 sold homes, 11% were sold under asking, 17% were sold at asking, and 72% were sold over asking.

Days on Market for Moraga, CA

How long does it take to sell a home in Moraga, CA?

Average Sale Time

May 2023May 2024CHANGE
14 Days14 Days-0.7%

Summary: Homes in Moraga had an average of 14 days on market in May 2024, down by 0.7% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Moraga are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 19 homes were sold in Moraga; 89% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

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

Report Updated 4 Days Ago

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