$6,769 Closing Credit*
$569,999
1,548 SqFt
3 Beds
•2 Full Baths
Tony Tadros, Listing Office: Pacific Properties Realty Group
Is Moreno Valley Ranch, 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 Ranch has remained a Seller's Market.
Key Takeaway
Moreno Valley Ranch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Moreno Valley Ranch, CA
How much do homes in Moreno Valley Ranch, CA cost?
Median Sold Price
$530,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,000(+3.1%)
Key Takeaway
Homes in Moreno Valley Ranch have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Moreno Valley Ranch was $530,000 in October 2024, up 3.1% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $370K | $380K | +2.7% |
| 3 Bedrooms | $503.4K | $492K | -2.3% |
| 4 Bedrooms | $527K | $585K | +11.0% |
| 5+ Bedrooms | $604.5K | $627.5K | +3.8% |
Summary: Moreno Valley Ranch 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 2.7%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Rancho Belago | $556K | $580K | +4.3% |
| Moreno Valley Ranch | $514K | $530K | +3.1% |
Housing Supply in Moreno Valley Ranch, CA
How many homes are available in Moreno Valley Ranch, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 35 | -12.5% |
Summary: The Moreno Valley Ranch real estate market had 35 homes for sale in October 2024, a 12.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 16 | 11 | -31.3% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Moreno Valley Ranch 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 increased by 33.3%, 3 bedroom homes decreased by 31.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Moreno Valley Ranch, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Moreno Valley Ranch in October 2024, down by 30.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Moreno Valley Ranch, CA
How long does it take to sell a home in Moreno Valley Ranch, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 40 Days | +545.2% |
Summary: Homes in Moreno Valley Ranch had an average of 40 days on market in Oct 2024, up by 545.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Moreno Valley Ranch are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Moreno Valley Ranch; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% 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.