$8,004 Closing Credit*
$673,990
2,435 SqFt
4 Beds
•3 Full Baths, 1 Partial
Melissa Handler, Listing Office: D R Horton America's Builder
Is Rancho Belago, 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, 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
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+3.6%)
Key Takeaway
Homes in Rancho Belago have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Rancho Belago was $580,000 in November 2024, up 3.6% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $365K | $388K | +6.3% |
| 3 Bedrooms | $510K | $525K | +2.9% |
| 4 Bedrooms | $595.9K | $600K | +0.7% |
| 5+ Bedrooms | $630K | $666.5K | +5.8% |
Summary: Rancho Belago housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Rancho Belago | $560K | $580K | +3.6% |
| Moreno Valley Ranch | $515K | $532K | +3.3% |
Housing Supply in Rancho Belago, CA
How many homes are available in Rancho Belago, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 146 | 138 | -5.5% |
Summary: The Rancho Belago real estate market had 138 homes for sale in November 2024, a 5.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 42 | 37 | -11.9% |
| 4 Bedrooms | 62 | 60 | -3.2% |
| 5+ Bedrooms | 30 | 29 | -3.3% |
Summary: The Rancho Belago housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 3.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 28 | +12.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 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. 42.9% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Rancho Belago in November 2024, up by 12.0% month-over-month. Of the 28 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 36 Days | +75.6% |
Summary: Homes in Rancho Belago had an average of 36 days on market in Nov 2024, up by 75.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 28 homes were sold in Rancho Belago; 54% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 7% 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.