Is Ojai, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Ojai was a Seller's Market.
Key Takeaway
Ojai is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ojai, CA
How much do homes in Ojai, CA cost?
Median Sold Price
$1,187,500
$727/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ojai have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Ojai was $1,187,500 in May 2024, up 7.5% from last year, and the median price per square foot was $727.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $780K | $1.5M | +94.9% |
| 2 Bedrooms | $817K | $892.5K | +9.2% |
| 3 Bedrooms | $1.2M | $1.1M | -2.1% |
| 4 Bedrooms | $1.9M | $1.4M | -24.9% |
| 5+ Bedrooms | $1.8M | $3.7M | +105.8% |
Summary: Ojai housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 94.9%, 2 bedroom homes increased by 9.2%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 24.9%, and 5+ bedroom homes increased by 105.8%.
Median Sold Price Compared To Nearby Cities
| Ojai-Mira Monte | $1.0M | $1.1M | +9.3% |
| Ojai | $1.1M | $1.1M | +7.5% |
Housing Supply in Ojai, CA
How many homes are available in Ojai, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 122 | 124 | +1.6% |
Summary: The Ojai real estate market had 124 homes for sale in May 2024, a 1.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 53 | 50 | -5.7% |
| 4 Bedrooms | 32 | 32 | 0.0% |
| 5+ Bedrooms | 26 | 27 | +3.8% |
Summary: The Ojai housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 18 | -28.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ojai, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Ojai in May 2024, down by 28.0% month-over-month. Of the 18 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Ojai, CA
How long does it take to sell a home in Ojai, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 51 Days | +28.4% |
Summary: Homes in Ojai had an average of 51 days on market in May 2024, up by 28.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ojai are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Ojai; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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