$2,795,000
4,599 SqFt
5 Beds
•5 Full Baths
Melody Parra, Listing Office: Big Block Realty, Inc
Is Rancho San Diego, 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 San Diego has remained a Seller's Market.
Key Takeaway
Rancho San Diego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rancho San Diego, CA
How much do homes in Rancho San Diego, CA cost?
Median Sold Price
$875,000
$536/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$68,500(-7.3%)
Key Takeaway
Homes in Rancho San Diego have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in Rancho San Diego was $875,000 in October 2024, down 7.3% from last year, and the median price per square foot was $536.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $420K | +1.2% |
| 2 Bedrooms | $534.5K | $541.5K | +1.3% |
| 3 Bedrooms | $900K | $880K | -2.2% |
| 4 Bedrooms | $1.0M | $1.1M | +9.0% |
| 5+ Bedrooms | $1.3M | $1.3M | +1.5% |
Summary: Rancho San Diego housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Spring Valley | $700K | $773.5K | +10.5% |
| Casa de Oro-Mount Helix | $1.0M | $1.0M | +8.0% |
| Granite Hills | $1.0M | $1.0M | +5.0% |
| Rancho San Diego | $943.5K | $875K | -7.3% |
Housing Supply in Rancho San Diego, CA
How many homes are available in Rancho San Diego, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 65 | +27.5% |
Summary: The Rancho San Diego real estate market had 65 homes for sale in October 2024, a 27.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 19 | 27 | +42.1% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Rancho San Diego housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 42.1%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rancho San Diego, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Rancho San Diego in October 2024, up by 10.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Rancho San Diego, CA
How long does it take to sell a home in Rancho San Diego, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 11 Days | -17.4% |
Summary: Homes in Rancho San Diego had an average of 11 days on market in Oct 2024, down by 17.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rancho San Diego are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Rancho San Diego; 91% of homes were sold within 30 days, 9% 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.