Is Rossmoor, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rossmoor is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Rossmoor, CA

How much do homes in Rossmoor, CA cost?

Median Sold Price

$582,326

$506/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$20,173(-3.3%)

Key Takeaway

Homes in Rossmoor have sold for 3.3% less than they did a year ago.

Summary: The median home sold price in Rossmoor was $582,326 in November 2024, down 3.3% from last year, and the median price per square foot was $506.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $285K$330K
+15.8%
2 $599.5K$586.5K
-2.2%
3 $1.1M$1.3M
+26.8%
4 $1.5M$2.0M
+31.6%
5+ -$410K
N/A

Summary: Rossmoor housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.8%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 26.8%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes did not change.

Housing Supply in Rossmoor, CA

How many homes are available in Rossmoor, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
136118-13.2%

Summary: The Rossmoor real estate market had 118 homes for sale in November 2024, a 13.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1312
-7.7%
2 11194
-15.3%
3 1011
+10.0%
4 00
0.0%
5+ 21
-50.0%

Summary: The Rossmoor housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 15.3%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4826-45.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rossmoor, you could pay more than the asking price. 42.3% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Rossmoor in November 2024, down by 45.8% month-over-month. Of the 26 sold homes, 35% were sold under asking, 23% were sold at asking, and 42% were sold over asking.

Days on Market for Rossmoor, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days37 Days+88.7%

Summary: Homes in Rossmoor had an average of 37 days on market in Nov 2024, up by 88.7% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 26 homes were sold in Rossmoor; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 12% 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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