Condos/Townhomes
Tue May 20 2025
This week the median list price for Rancho Santa Margarita, CA 92688 is $862,000 with the market action index hovering around 55. This is less than last month's market action index of 60. Inventory has increased to 50.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Median List Price | $862,000 | |
Median Price of New Listings | $899,000 | |
Per Square Foot | $653 | |
Average Days on Market | 30 | |
Median Days on Market | 14 | |
Price Decreased | 26% | |
Price Increased | 0% | |
Relisted | 6% | |
Inventory | 50 | |
Median Rent | ||
Market Action | 55 | |
Strong Seller's Market |
In the last few weeks we’ve seen prices in this zip code bouncing around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,117,500 | 1,758 | 0.5 - 1 acre | 3 | 2.3 | 33 | 3 | 1 | 24 |
$912,500 | 1,456 | 0.5 - 1 acre | 3 | 2.5 | 32 | 3 | 1 | 17 |
$749,000 | 1,133 | 0.5 - 1 acre | 2 | 2 | 33 | 3 | 1 | 14 |
$637,000 | 939 | 0.5 - 1 acre | 2 | 2 | 36 | 2 | 1 | 7 |