Is Mission Viejo, 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, Mission Viejo has remained a Seller's Market.
Housing Prices in Mission Viejo, CA
How much do homes in Mission Viejo, CA cost?
Median Sold Price
$1,054,228
$598/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mission Viejo was $1,054,228 in March 2024, up 6.2% from last year, and the median price per square foot was $598.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $445K | $444K | -0.2% |
2 Bedrooms | $725K | $750K | +3.4% |
3 Bedrooms | $973.3K | $1.0M | +5.1% |
4 Bedrooms | $1.2M | $1.2M | +5.6% |
5+ Bedrooms | $1.5M | $1.4M | -1.7% |
Summary: Mission Viejo housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
Lake Forest | $1.0M | $1.1M | +9.8% |
Rancho Santa Margarita | $865K | $943.6K | +9.1% |
Mission Viejo | $992.2K | $1.0M | +6.2% |
Laguna Hills | $1.0M | $1.0M | +4.4% |
South Coast | $1.0M | $1.1M | +2.1% |
Housing Supply in Mission Viejo, CA
How many homes are available in Mission Viejo, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
181 | 186 | +2.8% |
Summary: The Mission Viejo real estate market had 186 homes for sale in March 2024, a 2.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 47 | 51 | +8.5% |
3 Bedrooms | 59 | 66 | +11.9% |
4 Bedrooms | 46 | 43 | -6.5% |
5+ Bedrooms | 25 | 24 | -4.0% |
Summary: The Mission Viejo housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 69 | +16.9% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 69 homes were sold or pending in Mission Viejo in March 2024, up by 16.9% month-over-month. Of the 69 sold homes, 30% were sold under asking, 10% were sold at asking, and 59% were sold over asking.
Days on Market for Mission Viejo, CA
How long does it take to sell a home in Mission Viejo, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 16 Days | -43.2% |
Summary: Homes in Mission Viejo had an average of 16 days on market in Mar 2024, down by 43.2% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 69 homes were sold in Mission Viejo; 86% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.