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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Laguna Niguel is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Laguna Niguel, CA

How much do homes in Laguna Niguel, CA cost?

Median Sold Price

$1,281,312

$698/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$81,312(+6.8%)

Key Takeaway

Homes in Laguna Niguel have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Laguna Niguel was $1,281,312 in May 2024, up 6.8% from last year, and the median price per square foot was $698.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $504.2K$517.5K
+2.6%
2 $700K$780K
+11.4%
3 $1.1M$1.2M
+0.7%
4 $1.6M$1.8M
+9.3%
5+ $2.0M$2.3M
+14.9%

Summary: Laguna Niguel housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 14.9%.

Median Sold Price Compared To Nearby Cities

San Juan Capistrano
+9.3%
South Coast
+9.3%
Dana Point
+8.4%
Aliso Viejo
+7.0%
Laguna Niguel
+6.8%

Housing Supply in Laguna Niguel, CA

How many homes are available in Laguna Niguel, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2052060.5%

Summary: The Laguna Niguel real estate market had 206 homes for sale in May 2024, a 0.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 128
-33.3%
2 5055
+10.0%
3 6055
-8.3%
4 5560
+9.1%
5+ 2828
0.0%

Summary: The Laguna Niguel housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
5857-1.7%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

33 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Laguna Niguel, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.

Summary: A total of 57 homes were sold or pending in Laguna Niguel in May 2024, down by 1.7% month-over-month. Of the 57 sold homes, 32% were sold under asking, 11% were sold at asking, and 58% were sold over asking.

Days on Market for Laguna Niguel, CA

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

Average Sale Time

May 2023May 2024CHANGE
21 Days16 Days-21.6%

Summary: Homes in Laguna Niguel had an average of 16 days on market in May 2024, down by 21.6% compared to last year.

Breakdown of Home Sale Times

49 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 57 homes were sold in Laguna Niguel; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% 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 22 Days Ago

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