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 September 2023

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.

Housing Prices in La Mirada, CA

How much do homes in La Mirada, CA cost?

Median Sold Price

$855,000

$578/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$50,000(+6.2%)

Key Takeaway

Homes in La Mirada have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in La Mirada was $855,000 in September 2024, up 6.2% from last year, and the median price per square foot was $578.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $390K$420K
+7.7%
2 $575K$620K
+7.8%
3 $800K$855.5K
+6.9%
4 $852.5K$915.5K
+7.4%
5+ $1.0M$1.0M
+5.0%

Summary: La Mirada housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 5%.

Median Sold Price Compared To Nearby Cities

Fullerton
+12.8%
La Habra
+9.9%
Buena Park
+9.6%
La Mirada
+6.2%

Housing Supply in La Mirada, CA

How many homes are available in La Mirada, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
9084-6.7%

Summary: The La Mirada real estate market had 84 homes for sale in September 2024, a 6.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 54
-20.0%
2 99
0.0%
3 3935
-10.3%
4 3030
0.0%
5+ 76
-14.3%

Summary: The La Mirada housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3322-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Mirada, you could pay more than the asking price. 77.3% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in La Mirada in September 2024, down by 33.3% month-over-month. Of the 22 sold homes, 18% were sold under asking, 5% were sold at asking, and 77% were sold over asking.

Days on Market for La Mirada, CA

How long does it take to sell a home in La Mirada, CA?

Average Sale Time

Sep 2023Sep 2024CHANGE
19 Days20 Days+5.5%

Summary: Homes in La Mirada had an average of 20 days on market in Sep 2024, up by 5.5% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Summary: During September 2024, 22 homes were sold in La Mirada; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

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

Report Updated 10 Days Ago

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