Is Laguna Woods, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Laguna Woods has remained a Seller's Market.
Key Takeaway
Laguna Woods is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Laguna Woods, CA
How much do homes in Laguna Woods, CA cost?
Median Sold Price
$407,940
$376/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Laguna Woods have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Laguna Woods was $407,940 in March 2024, up 7.6% from last year, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $234.7K | $236.5K | +0.7% |
| 2 Bedrooms | $380K | $413.6K | +8.9% |
| 3 Bedrooms | $850K | $840K | -1.2% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Laguna Woods housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 8.9%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Laguna Woods | $379.1K | $407.9K | +7.6% |
| Laguna Hills | $1.0M | $1.0M | +4.4% |
| South Coast | $1.0M | $1.1M | +2.1% |
| Aliso Viejo | $850K | $862.4K | +1.5% |
| Laguna Beach | $2.8M | $2.8M | -1.7% |
Housing Supply in Laguna Woods, CA
How many homes are available in Laguna Woods, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 214 | 228 | +6.5% |
Summary: The Laguna Woods real estate market had 228 homes for sale in March 2024, a 6.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 24 | -4.0% |
| 2 Bedrooms | 173 | 184 | +6.4% |
| 3 Bedrooms | 16 | 20 | +25.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Laguna Woods housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 58 | +56.8% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laguna Woods, you could pay more than the asking price. 41.4% of homes here sold above asking price last month.
Summary: A total of 58 homes were sold or pending in Laguna Woods in March 2024, up by 56.8% month-over-month. Of the 58 sold homes, 38% were sold under asking, 21% were sold at asking, and 41% were sold over asking.
Days on Market for Laguna Woods, CA
How long does it take to sell a home in Laguna Woods, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 35 Days | -15.1% |
Summary: Homes in Laguna Woods had an average of 35 days on market in Mar 2024, down by 15.1% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Laguna Woods are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 58 homes were sold in Laguna Woods; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.