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Rancho Santa Margarita, CA 92688 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Rancho Santa Margarita, CA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.09
ActiveActive listings: 3232PendingPending sales: 33
Rancho Santa Margarita, CA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $812k$812kSoldMedian sold price (last 6 months): $915k$915k
What homes actually sell for in Rancho Santa Margarita, CA
Distribution of 245 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $685k to $1.2M
$488k to $622k: 33 sales$488k$622k to $756k: 45 sales45sales$756k to $890k: 22 sales$756k$890k to $1.02M: 33 sales$1.02M to $1.16M: 33 sales$1.02M$1.16M to $1.29M: 19 sales$1.29M to $1.43M: 22 sales$1.29M$1.43M to $1.56M: 13 salesMedian $915k

What the numbers say

As of October 5, 2026, Resideline is tracking 32 active listings and 3 pending sales in ZIP code 92688. That pending-to-active ratio of 0.09 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $812,000, while the median of the 245 closed sales Resideline tracked over the last six months was $915,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 92688 for 70 days.

Frequently asked questions

What is the median home price in 92688?

The median closed sale price in Rancho Santa Margarita, CA 92688 was $915,000 over the last six months, based on 245 closed sales tracked by Resideline. The middle half of those sales ranged from $685,000 to $1,200,000.

Is 92688 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 32 active listings in 92688, a pending-to-active ratio of 0.09. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 92688 currently looks like a balanced market.

Nearby ZIP code market data

Full Rancho Santa Margarita, CA housing market report →

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