1 / 50
NEW 17 HRS AGO
OPEN SATURDAY, 7PM - 10PM
$1,319,000FOR SALE
4 beds · 3 baths · 1,977 sqft
Bullock Russell RE Services
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87 homes in 92688
Homes for Sale in 92688
Rancho Santa Margarita, CA
29 Raposa, Rancho Santa Margarita, CA 92688
1 / 20
VIRTUAL TOUR
$1,050,000FOR SALE
3 beds · 3 baths · 1,428 sqft
Bullock Russell RE Services
1 / 20
3D TOUR
$699,000FOR SALE
2 beds · 3 baths · 1,231 sqft
Coast to Canyon Real Estate
1 / 20
VIDEO TOUR
$1,574,900FOR SALE
5 beds · 3 baths · 2,592 sqft
Re/Max Real Estate Group
1 / 20
VIDEO TOUR
$1,249,900FOR SALE
3 beds · 3 baths · 2,168 sqft
Re/Max Real Estate Group
1 / 20
3D TOUR
$679,000FOR SALE
2 beds · 3 baths · 1,031 sqft
Jonghyeok Choi
1 / 20
Price cut: $75,000 (8/5)
OPEN SUNDAY, 8PM - 11PM
$925,000FOR SALE
2 beds · 2 baths · 1,475 sqft
Ford Realty Group
1 / 20
Price cut: $100,000 (8/6)
OPEN FRIDAY, 6PM - 8PM
$1,070,000FOR SALE
4 beds · 3 baths · 1,916 sqft
Redfin
1 / 19
Price cut: $50,000 (8/8)
$449,999FOR SALE
1 beds · 1 baths · 640 sqft
Stanfles Realty
1 / 35
Price cut: $150,000 (4/24)
$975,000FOR SALE
3 beds · 3 baths · 1,678 sqft
Inhabit Collective
1 / 20
Price cut: $100,000 (8/23)
OPEN SATURDAY, 8PM - 11PM
$1,775,000FOR SALE
5 beds · 3 baths · 3,500 sqft
Coldwell Banker Realty
1 / 20
Price cut: $50,000 (7/29)
OPEN SUNDAY, 8PM - 10PM
$950,000FOR SALE
3 beds · 3 baths · 1,778 sqft
REGENCY REAL ESTATE BROKERS
1 / 20
Price cut: $70,000 (6/25)
VIDEO TOUR
$999,900FOR SALE
2 beds · 2 baths · 1,503 sqft
Re/Max Real Estate Group
1 / 20
Price cut: $25,000 (8/9)
3D TOUR
$599,999FOR SALE
2 beds · 2 baths · 1,047 sqft
RE/MAX TerraSol
1 / 20
Price cut: $124,000 (7/17)
$1,325,000FOR SALE
4 beds · 3 baths · 2,190 sqft
Circa Properties, Inc.
1 / 20
Price cut: $90,000 (7/8)
OPEN SATURDAY, 10PM - 12AM
$1,399,900FOR SALE
4 beds · 3 baths · 2,261 sqft
Re/Max Real Estate Group
About 92688 Real Estate
Today, the 92688 area has 87 homes for sale with a median listing price of $890K. The average price per square foot is $646.
92688 Area Market Pulse
Topfind Market Read
The picture is mixed here. There is only 2.9 months of supply, yet sale prices have eased 7% over the last six months and are 6% below a year ago, and 46% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Buyer leverageBalancedSeller leverage
Median Home Price
$890K
↓ 6% over the past yearChart shows the median closed sale price by month
$1.1M$995.6K$851K$706.5K
Sep 25
Dec 25
Mar 26
Jun 26
Months of Supply
Estimated time to sell all listings at the current sales pace
2.9 months of supply
Tight Supply85 active listings against the current sales pace works out to about 2.9 months of supply.
Tight (<3 mo)
Balanced (3 to 6 mo)
Ample (6+ mo)
2.9
0369+
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~39 days.
● Tight: strong demand● Balanced: steady pace● Ample: more choice
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists. Homes are moving 42% faster than six months ago.
● <30d: Fast● 30-45d: Steady● 45d+: Slower
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
New
Active
Aging
Stale
About 53% of current listings are under 30 days old, while the rest have been up longer.
Under 30 days → competitive, act quicklyOver 60 days → potential negotiation opportunities
Housing Tenure in 92688 Area
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
HomeownersRenters
73%
Homeowners
27%
Renters
Homeownership is 17.5 points higher than the California average (55.5%)
Higher ownership rates often reflect more stable neighborhoods and longer-term residents.
17,042 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
1 Bed$465K
2 Bed$675K
3 Bed$980K
4 Bed$1.3M
5 Bed$1.7M
Each additional bedroom adds about $303K in value on average.
Largest increase: 4 → 5 bedrooms (+$387K)
Price Reductions
39
39 listings have reduced their price
46% of active listings
Average reduction: 4.2% (~$38K)
A sizable share of sellers have trimmed their asking price. Those listings are the clearest place to negotiate.
Explore Nearby Cities
Browse homes for sale in cities near Rancho Santa Margarita
Frequently Asked Questions about Homes for Sale in 92688, CA
How many homes are for sale in 92688, CA?
There are currently 87 homes for sale in 92688, ranging from $447,900 to $1,790,000. 9 of them hit the market within the last week.
What is the median home price in 92688?
The median list price in 92688 is $890,000. Price per square foot averages $646. Prices are down 6.4% compared to a year ago.
How fast do homes sell in 92688?
Homes in 92688 currently average 38 days on the market, a steady pace.
Looking for a home in 92688?
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