$3,250,000
3,677 SqFt
5 Beds
•4 Full Baths, 1 Partial
Chris Martin, Listing Office: Luxury Coast Grp Barry Estates
Is Rancho Bernardo, 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 Bernardo has remained a Seller's Market.
Key Takeaway
Rancho Bernardo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rancho Bernardo, CA
How much do homes in Rancho Bernardo, CA cost?
Median Sold Price
$890,888
$607/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,888(+1.1%)
Key Takeaway
Homes in Rancho Bernardo have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Rancho Bernardo was $890,888 in October 2024, up 1.1% from last year, and the median price per square foot was $607.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $460K | $500K | +8.7% |
| 2 Bedrooms | $682.5K | $725K | +6.2% |
| 3 Bedrooms | $1.0M | $1.1M | +11.8% |
| 4 Bedrooms | $1.2M | $1.4M | +14.5% |
| 5+ Bedrooms | $1.4M | $1.7M | +19.9% |
Summary: Rancho Bernardo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 19.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Oaks North | $722.5K | $792K | +9.6% |
| Lake Hodges | $1.4M | $1.5M | +2.6% |
| Rancho Bernardo | $881K | $890.8K | +1.1% |
Housing Supply in Rancho Bernardo, CA
How many homes are available in Rancho Bernardo, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 149 | 151 | +1.3% |
Summary: The Rancho Bernardo real estate market had 151 homes for sale in October 2024, a 1.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 70 | 72 | +2.9% |
| 3 Bedrooms | 48 | 46 | -4.2% |
| 4 Bedrooms | 21 | 24 | +14.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Rancho Bernardo 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 2.9%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 35 | -7.9% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rancho Bernardo, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Rancho Bernardo in October 2024, down by 7.9% month-over-month. Of the 35 sold homes, 57% were sold under asking, 11% were sold at asking, and 31% were sold over asking.
Days on Market for Rancho Bernardo, CA
How long does it take to sell a home in Rancho Bernardo, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 19 Days | +44.5% |
Summary: Homes in Rancho Bernardo had an average of 19 days on market in Oct 2024, up by 44.5% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rancho Bernardo are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 35 homes were sold in Rancho Bernardo; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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.