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Thursday, November 7, 2024

What happened to the median home price in Rancho Santa Margarita during April?

Realestate2

The median sale price of a home sold in April in Rancho Santa Margarita rose by $335,500 while total sales decreased by 14 percent, according to BlockShopper.com.

In April, there were 43 homes sold, with a median sale price of $1,320,000 - a 34.1 percent increase over the $984,500 median sale price for the same period of the previous year. There were 50 homes sold in Rancho Santa Margarita in April 2021.

The following table compares Rancho Santa Margarita to other Orange County cities with similar median sale prices in April:

CityApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
Seal Beach926-65.4$1,525,000$1,425,0007
Laguna Niguel5799-42.4$1,500,000$1,260,00019
Huntington Beach121171-29.2$1,380,000$1,120,00023.2
Costa Mesa6692-28.3$1,375,000$1,022,50034.5
Yorba Linda6497-34$1,336,500$1,190,00012.3
Rancho Santa Margarita4350-14$1,320,000$984,50034.1
Laguna Hills2035-42.9$1,300,000$1,075,00020.9
Los Alamitos7475$1,300,000$1,371,500-5.2
Lake Forest87870$1,250,000$954,00031
Aliso Viejo2231-29$1,240,000$1,025,00021
Tustin3656-35.7$1,170,000$957,50022.2

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