Is Laguna Hills, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Laguna Hills is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Laguna Hills has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Laguna Hills, CA

How much do homes in Laguna Hills, CA cost?

Median Sold Price

$1,092,500

$590/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$37,500(+3.6%)

Key Takeaway

Homes in Laguna Hills have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Laguna Hills was $1,092,500 in February 2024, up 3.6% from last year, and the median price per square foot was $590.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $500K$490K
-2.0%
2 $600K$621.5K
+3.6%
3 $875K$910K
+4.0%
4 $1.4M$1.3M
-8.7%
5+ $2.2M$2.3M
+6.6%

Summary: Laguna Hills housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 6.6%.

Median Sold Price Compared To Nearby Cities

Laguna Woods
+5.1%
Laguna Hills
+3.6%
Mission Viejo
+3.2%
Aliso Viejo
+1.3%
South Coast
+0.6%

Housing Supply in Laguna Hills, CA

How many homes are available in Laguna Hills, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5653-5.4%

Summary: The Laguna Hills real estate market had 53 homes for sale in February 2024, a 5.4% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 36
+100.0%
2 84
-50.0%
3 2219
-13.6%
4 1517
+13.3%
5+ 87
-12.5%

Summary: The Laguna Hills housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1618+12.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Laguna Hills, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Laguna Hills in February 2024, up by 12.5% month-over-month. Of the 18 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.

Days on Market for Laguna Hills, CA

How long does it take to sell a home in Laguna Hills, CA?

Average Sale Time

Feb 2023Feb 2024CHANGE
53 Days42 Days-20.2%

Summary: Homes in Laguna Hills had an average of 42 days on market in Feb 2024, down by 20.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 18 homes were sold in Laguna Hills; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% 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 2 Days Ago

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