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
Housing Market Summary for Moreno Valley, CA
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $505K | $531.1K | 5.16% |
Median Sold Price | $520.2K | $531.1K | 2.08% |
Homes For Sale | 158 | 165 | 4.43% |
Homes Sold | 1,343 | 1,195 | -11.02% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Moreno Valley, CA
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.
- Pre-ForeclosurePre-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 OwnedThe 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.
- Auctions92555 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.
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Guide for Moreno Valley, CA
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.
The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.
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.
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.