$8,312 Closing Credit*
$699,999
2,605 SqFt
5 Beds
•3 Full Baths
Gilbert Reynoso, Listing Office: Real Broker
Is Moreno Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Moreno Valley has remained a Seller's Market.
Key Takeaway
Moreno Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Moreno Valley, CA
How much do homes in Moreno Valley, CA cost?
Median Sold Price
$547,122
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,122(+5.2%)
Key Takeaway
Homes in Moreno Valley have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Moreno Valley was $547,122 in October 2024, up 5.2% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | - | N/A |
| 2 Bedrooms | $399.9K | $437K | +9.3% |
| 3 Bedrooms | $498.5K | $515K | +3.3% |
| 4 Bedrooms | $550.3K | $585K | +6.3% |
| 5+ Bedrooms | $618K | $645K | +4.4% |
Summary: Moreno Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| San Gorgonio Pass | $461.2K | $500K | +8.4% |
| Perris | $509.5K | $548.8K | +7.7% |
| Riverside | $612.5K | $655.6K | +7.0% |
| Perris Valley | $536.9K | $570K | +6.2% |
| Moreno Valley | $520K | $547.1K | +5.2% |
Housing Supply in Moreno Valley, CA
How many homes are available in Moreno Valley, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 414 | 403 | -2.7% |
Summary: The Moreno Valley real estate market had 403 homes for sale in October 2024, a 2.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 25 | 24 | -4.0% |
| 3 Bedrooms | 153 | 139 | -9.2% |
| 4 Bedrooms | 166 | 170 | +2.4% |
| 5+ Bedrooms | 68 | 68 | 0.0% |
Summary: The Moreno Valley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 103 | 84 | -18.4% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Moreno Valley, you could pay more than the asking price. 54.8% of homes here sold above asking price last month.
Summary: A total of 84 homes were sold or pending in Moreno Valley in October 2024, down by 18.4% month-over-month. Of the 84 sold homes, 24% were sold under asking, 21% were sold at asking, and 55% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 31 Days | +45.9% |
Summary: Homes in Moreno Valley had an average of 31 days on market in Oct 2024, up by 45.9% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Moreno Valley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 84 homes were sold in Moreno Valley; 65% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% 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.