Is Mission Viejo, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Mission Viejo has remained a Seller's Market.
Housing Prices
How much do homes in Mission Viejo, CA cost?
Median Sold Price
$960,451
$561/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Summary: The median home sold price in Mission Viejo was $960,451 in August 2023, down 2.3% from last year, and the median price per square foot was $561.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $395.5K | $444.5K | +12.4% |
2 Bedrooms | $700K | $726.3K | +3.8% |
3 Bedrooms | $940.5K | $938K | -0.3% |
4 Bedrooms | $1.2M | $1.2M | +2.4% |
5+ Bedrooms | $1.4M | $1.4M | 0.2% |
Summary: Mission Viejo housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
Laguna Hills | $990K | $1.1M | +12.7% |
South Coast | $1.0M | $1.0M | +4.8% |
Rancho Santa Margarita | $875.4K | $880K | 0.5% |
Lake Forest | $984.2K | $987.2K | 0.3% |
Mission Viejo | $983.4K | $960.4K | -2.3% |
Housing Supply
How many homes are available in Mission Viejo, CA?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
209 | 204 | -2.4% |
Summary: The Mission Viejo real estate market had 204 homes for sale in August 2023, a 2.4% decrease compared to July 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 53 | 55 | +3.8% |
3 Bedrooms | 75 | 66 | -12.0% |
4 Bedrooms | 56 | 65 | +16.1% |
5+ Bedrooms | 21 | 16 | -23.8% |
Summary: The Mission Viejo housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 23.8%.
Number of Homes Sold
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
77 | 76 | -1.3% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in Mission Viejo in August 2023, down by 1.3% month-over-month. Of the 76 sold homes, 36% were sold under asking, 11% were sold at asking, and 54% were sold over asking.
Days on Market
How long does it take to sell a home in Mission Viejo, CA?
Average Sale Time
Aug 2022 | Aug 2023 | CHANGE |
---|---|---|
22 Days | 21 Days | -7.0% |
Summary: Homes in Mission Viejo had an average of 21 days on market in Aug 2023, down by 7% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During August 2023, 76 homes were sold in Mission Viejo; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.