Is Rancho Cucamonga, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rancho Cucamonga is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Rancho Cucamonga has remained a Seller's Market.

Key Takeaway

Rancho Cucamonga is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rancho Cucamonga, CA

How much do homes in Rancho Cucamonga, CA cost?

Median Sold Price

$765,151

$444/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$37,931(+5.2%)

Key Takeaway

Homes in Rancho Cucamonga have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in Rancho Cucamonga was $765,151 in November 2024, up 5.2% from last year, and the median price per square foot was $444.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $335K$358K
+6.9%
2 $500K$515K
+3.0%
3 $650K$711.1K
+9.4%
4 $831K$890K
+7.1%
5+ $1.1M$1.2M
+13.6%

Summary: Rancho Cucamonga housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 13.6%.

Median Sold Price Compared To Nearby Cities

Fontana
+6.3%
Rancho Cucamonga
+5.2%
Mount Baldy-Wrightwood
+4.5%
Upland
+3.5%

Housing Supply in Rancho Cucamonga, CA

How many homes are available in Rancho Cucamonga, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
376332-11.7%

Summary: The Rancho Cucamonga real estate market had 332 homes for sale in November 2024, a 11.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 86
-25.0%
2 4240
-4.8%
3 11899
-16.1%
4 151130
-13.9%
5+ 5757
0.0%

Summary: The Rancho Cucamonga housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 16.1%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
11481-28.9%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rancho Cucamonga, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.

Summary: A total of 81 homes were sold or pending in Rancho Cucamonga in November 2024, down by 28.9% month-over-month. Of the 81 sold homes, 47% were sold under asking, 17% were sold at asking, and 36% were sold over asking.

Days on Market for Rancho Cucamonga, CA

How long does it take to sell a home in Rancho Cucamonga, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days31 Days+29.9%

Summary: Homes in Rancho Cucamonga had an average of 31 days on market in Nov 2024, up by 29.9% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rancho Cucamonga are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 81 homes were sold in Rancho Cucamonga; 57% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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