$8,312 Closing Credit*
$699,999
2,605 SqFt
5 Beds
•3 Full Baths
Gilbert Reynoso, Listing Office: Real Broker
Is Rancho Belago, 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, Rancho Belago has remained a Seller's Market.
Key Takeaway
Rancho Belago is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rancho Belago, CA
How much do homes in Rancho Belago, CA cost?
Median Sold Price
$580,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,968(+4.3%)
Key Takeaway
Homes in Rancho Belago have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Rancho Belago was $580,000 in October 2024, up 4.3% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $367K | $386K | +5.2% |
| 3 Bedrooms | $510K | $520K | +2.0% |
| 4 Bedrooms | $585K | $605.5K | +3.5% |
| 5+ Bedrooms | $630K | $666.5K | +5.8% |
Summary: Rancho Belago 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 5.2%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Rancho Belago | $556K | $580K | +4.3% |
| Moreno Valley Ranch | $514K | $530K | +3.1% |
Housing Supply in Rancho Belago, CA
How many homes are available in Rancho Belago, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 152 | 143 | -5.9% |
Summary: The Rancho Belago real estate market had 143 homes for sale in October 2024, a 5.9% 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 | 9 | 10 | +11.1% |
| 3 Bedrooms | 45 | 39 | -13.3% |
| 4 Bedrooms | 62 | 59 | -4.8% |
| 5+ Bedrooms | 36 | 35 | -2.8% |
Summary: The Rancho Belago 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 11.1%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 2.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 24 | -29.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rancho Belago, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Rancho Belago in October 2024, down by 29.4% month-over-month. Of the 24 sold homes, 46% were sold under asking, 13% were sold at asking, and 42% were sold over asking.
Days on Market for Rancho Belago, CA
How long does it take to sell a home in Rancho Belago, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 44 Days | +144.9% |
Summary: Homes in Rancho Belago had an average of 44 days on market in Oct 2024, up by 144.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rancho Belago are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Rancho Belago; 67% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 21% 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.