Moreno Valley, CA Home Values & Market Trends

Real estate market trends reflect that there have been 1,418 transactions over the past year in Moreno Valley. The median value for residential home transactions that occurred over the previous year is $525,570.1. The number of current listings in Moreno Valley is 170, and the percentage of properties for sale in the city is 170.00%. Moreno Valley, CA currently has 59 properties in foreclosure, 4 bank owned properties, 21 properties headed for auction, and 170 properties for sale.

Moreno Valley, CA Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
92557

$ 564,000

$ 288/sqft

92555

$ 574,259

$ 274/sqft

92553

$ 497,750

$ 350/sqft

92551

$ 526,250

$ 278/sqft

Housing Market Summary for Moreno Valley, CA

Mar 2023February 2024Change
Median Listing Price$505K$531.1K5.16%
Median Sold Price$520.2K$531.1K2.08%
Homes For Sale1581654.43%
Homes Sold1,3431,195-11.02%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Moreno Valley, CA

Moreno Valley home values range from $82,056 to $2,080,800. The median estimated value of a home in Moreno Valley is $525,570.1. The median list price of a home is 540,000, and the total count of properties in the city is 47,470.

Foreclosure
There are 4 zips within Moreno Valley, CA; within these zips, the median estimated home value for homes in foreclosure ranges from $555,500 in 92553 to the lowest value of $225,285 in 92553. Foreclosure homes account for 0.00% of properties in Moreno Valley, CA with 92555 containing 24 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.07% of all residential properties in Moreno Valley, CA with 92555 containing 15 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 4 zips within Moreno Valley, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $714,000 in 92557 to the lowest home value of $225,285 in 92553.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Moreno Valley, CA ranges from the highest value of $504,250 in 92557 to the lowest value of $442,750 in 92551. Bank owned homes and properties account for 0.01% of properties in Moreno Valley, CA. There are 4 zips within Moreno Valley, CA; 92551 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    92555 has 8 auction properties, the highest number of properties going to auction in a single zip in the state of Moreno Valley, CA. Auction homes and other auction properties account for 0.04% of all properties in Moreno Valley, CA. There are 4 zips within Moreno Valley, CA; of those zips, the median estimated home value for homes going to auction ranges from $750,750 in 92557 to the lowest value of $386,750 in 92557.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.36% of residential properties in Moreno Valley, CA with 92557 containing 52 homes for sale, the highest number of listed properties in a single zip. There are 4 zips within Moreno Valley, CA; homes for sale in those zips, have a range of median values from $1,299,000 in 92555 to the lowest value of $322,455 in 92557.
    Sold Homes
    The median value for recently sold homes ranges from $819,800 in 92551 to the lowest price of $106,486 in 92551. There are 4 zips within Moreno Valley, CA. 92553 has 334 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.47% of properties in Moreno Valley, CA.

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      Guide for Moreno Valley, CA

      RealtyTrac Market Report
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      California’s Real Estate Market Climbs in Value through October 2023: A Comprehensive Year in Review
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      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
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      Santa Ana – An In-Depth Look at Price Fluctuations in 2023-2024
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      Stability and Growth in the San Bernardino Real Estate Market – Feb 2024
      See More Articles
      RealtyTrac Market Report
      California’s Real Estate Market Climbs in Value through October 2023: A Comprehensive Year in Review
      California|posted 8 December 2023

      In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.

      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California|posted 1 March 2024

      The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.

      Santa Ana – An In-Depth Look at Price Fluctuations in 2023-2024
      California|posted 1 March 2024

      Santa Ana’s real estate market thrives with fluctuating median property values and diverse submarkets. Recent trends indicate potential opportunities for investors with varied budgets despite market volatility, enhanced by Santa Ana’s comparatively low foreclosure rates and value-for-money square foot pricing.

      Stability and Growth in the San Bernardino Real Estate Market – Feb 2024
      California|posted 1 March 2024

      The San Bernardino real estate market is experiencing stability and modest growth. Median property values are consistent, while foreclosures, pre-foreclosures, and auctions present unique investment opportunities due high avg values.