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The Moraga housing market is highly competitive. Last month, the median home sale price in Moraga was $1.6 million, a 3.0% decrease compared to the previous year. Meanwhile, the median price per square foot rose by 1.2% year-over-year, reaching $775.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
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In October 2024, the median home price in Moraga declined by 3.0% year-over-year, settling at $1.6 million. Homes took longer to sell, averaging 28 days on the market compared to just 18 days during the same period last year, signaling a slight shift toward a slower-paced market. Interestingly, despite this slowdown, the number of homes sold more than doubled, rising to 21 from 11 the previous October. This increase in sales activity, coupled with longer market times, suggests a dynamic where more buyers are closing deals, but with less urgency compared to the previous year.
Moraga remains a highly competitive housing market. On average, homes sell within 23 days, often attracting multiple offers, with some buyers waiving contingencies to stay competitive. Most homes sell for approximately 1% below the list price and go pending in about 23 days. However, "hot" properties, which generate strong interest, can sell for around 1% above the list price and go pending in as little as 9 days, reflecting the demand for desirable homes in the area.
In October 2024, Moraga, CA, was a strong seller's market, characterized by a higher demand for homes than the available supply. This imbalance gives sellers the advantage, often leading to competitive offers and favorable selling conditions.
Have questions about the Moraga housing market or ready to explore available properties? We're here to guide you every step of the way. Contact us today to get expert advice, discover listings that match your needs, and secure your dream home in this competitive market. Don’t wait—reach out now to take the first step!
Explore everything Moraga has to offer with our in-depth neighborhood guide. From top-rated schools and beautiful parks to local dining and housing insights, this guide has everything you need to know about living in Moraga. Dive in now to uncover why so many people are choosing to call this vibrant community home!
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