Is Mission Viejo, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mission Viejo is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Mission Viejo has remained a Seller's Market.

Key Takeaway

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

How much do homes in Mission Viejo, CA cost?

Median Sold Price

$950,625

$542/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$162,035(+20.5%)

Key Takeaway

Homes in Mission Viejo have sold for 20.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $312.5K$361.2K
+15.6%
2 $545K$671K
+23.1%
3 $765K$913K
+19.3%
4 $910K$1.1M
+25.1%
5+ $1.1M$1.3M
+22.7%

Median Sold Price Compared To Nearby Cities

Lake Forest
+25.3%
Rancho Santa Margarita
+24.2%
Mission Viejo
+20.5%
Laguna Hills
+18.4%
South Coast
+17.0%

How many homes are available in Mission Viejo, CA?

Number of Homes For Sale

Apr 2022May 2022%
358331-7.5%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 55
0.0%
2 9280
-13.0%
3 129114
-11.6%
4 9497
+3.2%
5+ 3835
-7.9%

Number of Homes Sold

Apr 2022May 2022%
135112-17.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

80 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mission Viejo, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
9 Days12 Days+34.7%

Breakdown of Home Sale Times

105 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mission Viejo 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 Mission Viejo, CA

There are 331 homes are for sale in Mission Viejo, CA real estate market. In May 2022 in Mission Viejo, CA there were 7.5% less homes for sale than in April 2022. In May 2022 median list price was $950,625 and the average listing age was 12 days. From April 2022 through May 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 15.6%, prices of 2 bedrooms properties went up by 23.1%, prices of 3 bedrooms properties went up by 19.3%, prices of 4 bedrooms properties increased by 25.1%, 5 bedrooms properties prices increased by 22.7%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, 2 bedrooms homes became 13% less available, the quantity of 3 bedrooms homes went down by 11.6%, 4 bedrooms homes inventory increased by 3.2%, 5 bedrooms homes inventory decreased by 7.9%. Over 80 listings were sold over their listed price in May 2022 in Mission Viejo, CA. In the same period over 17 listings were sold below the listed price and 15 listings were sold for the listed price.

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