$4,334 Closing Credit*
$365,000
1,617 SqFt
4 Beds
•2 Full Baths
Judy Wagner, Listing Office: Judy Wagner, Broker
Is Morongo Valley, 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, Morongo Valley has remained a Seller's Market.
Key Takeaway
Morongo Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morongo Valley, CA
How much do homes in Morongo Valley, CA cost?
Median Sold Price
$332,500
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,500(-2.8%)
Key Takeaway
Homes in Morongo Valley have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Morongo Valley was $332,500 in November 2024, down 2.8% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299K | $197.5K | -33.9% |
| 2 Bedrooms | $305K | $320K | +4.9% |
| 3 Bedrooms | $396K | $335K | -15.4% |
| 4 Bedrooms | $404.7K | $435K | +7.5% |
| 5+ Bedrooms | $822.5K | - | N/A |
Summary: Morongo Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.9%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| San Gorgonio Pass | $460.3K | $505K | +9.7% |
| Yucca Valley | $369.9K | $375K | +1.4% |
| Morongo Valley | $342K | $332.5K | -2.8% |
Housing Supply in Morongo Valley, CA
How many homes are available in Morongo Valley, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 37 | +5.7% |
Summary: The Morongo Valley real estate market had 37 homes for sale in November 2024, a 5.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Morongo Valley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 23.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Morongo Valley, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Morongo Valley in November 2024, up by 150.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Morongo Valley, CA
How long does it take to sell a home in Morongo Valley, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 43 Days | +326.9% |
Summary: Homes in Morongo Valley had an average of 43 days on market in Nov 2024, up by 326.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Morongo Valley are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Morongo Valley; 50% of homes were sold within 30 days, 40% 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.