Is Ramona - Riverside, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ramona - Riverside has remained a Seller's Market.
Key Takeaway
Ramona - Riverside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ramona - Riverside, CA
How much do homes in Ramona - Riverside, CA cost?
Median Sold Price
$580,000
$434/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ramona - Riverside have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Ramona - Riverside was $580,000 in May 2024, up 6.4% from last year, and the median price per square foot was $434.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $342K | $450K | +31.6% |
| 3 Bedrooms | $535K | $577.5K | +7.9% |
| 4 Bedrooms | $565K | $600K | +6.2% |
| 5+ Bedrooms | $606K | $605K | -0.2% |
Summary: Ramona - Riverside housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Presidential Park | $520K | $569.5K | +9.5% |
| Airport | $511K | $552.5K | +8.1% |
| Ramona - Riverside | $545K | $580K | +6.4% |
| Casa Blanca | $504.5K | $535K | +6.0% |
| Arlington | $528K | $550K | +4.2% |
Housing Supply in Ramona - Riverside, CA
How many homes are available in Ramona - Riverside, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 34 | 0.0% |
Summary: The Ramona - Riverside real estate market had 34 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 18 | 10 | -44.4% |
| 4 Bedrooms | 11 | 18 | +63.6% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Ramona - Riverside housing inventory by bedroom type for May 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 44.4%, 4 bedroom homes increased by 63.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ramona - Riverside, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Ramona - Riverside in May 2024, down by 33.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for Ramona - Riverside, CA
How long does it take to sell a home in Ramona - Riverside, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 17 Days | -6.4% |
Summary: Homes in Ramona - Riverside had an average of 17 days on market in May 2024, down by 6.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ramona - Riverside are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Ramona - Riverside; 75% of homes were sold within 30 days, 25% 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.