Is La Mirada, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Mirada is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, La Mirada has remained a Seller's Market.

Key Takeaway

La Mirada is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in La Mirada, CA cost?

Median Sold Price

$825,000

$542/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$96,000(+13.2%)

Key Takeaway

Homes in La Mirada have sold for 13.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $375K$442.5K
+18.0%
2 $489K$570K
+16.6%
3 $730K$820K
+12.3%
4 $781.5K$862K
+10.3%
5+ $880K$1.1M
+25.0%

Median Sold Price Compared To Nearby Cities

Santa Fe Springs
+15.4%
Buena Park
+13.7%
La Mirada
+13.2%
La Habra
+12.1%
Cerritos
+7.2%

How many homes are available in La Mirada, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
9289-3.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 32
-33.3%
2 611
+83.3%
3 5043
-14.0%
4 2727
0.0%
5+ 66
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
3120-35.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Mirada, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
14 Days30 Days+105.1%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in La Mirada are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About La Mirada, CA

La Mirada, CA has 89 homes for sale to choose from. Between September 2022 and October 2022, La Mirada, CA real estate market has seen decrease in the number of listings by 3.3%. In October 2022 median list price was $825,000 and the average listing age was 30 days. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 18%, 2 bedrooms properties became 16.6% more expensive, the cost of 3 bedrooms properties went up by 12.3%, 4 bedrooms properties prices increased by 10.3%, 5 bedrooms properties became 25% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 33.3% less available, 2 bedrooms homes inventory increased by 83.3%, 3 bedrooms homes inventory decreased by 14%, 4 bedrooms homes did not move, number of 5 bedrooms homes remained the same. Over 7 listings were sold over their listed price in October 2022 in La Mirada, CA. In the same period over 10 listings were sold below the listed price and 3 listings were sold for the listed price.

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