$10,000 Closing Credit*
$1,400,000
1,866 SqFt
4 Beds
•2 Full Baths
Ana Rosvall, Listing Office: Realty ONE Group Pacific
Is Mission Viejo, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
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.
Housing Prices in Mission Viejo, CA
How much do homes in Mission Viejo, CA cost?
Median Sold Price
$1,132,666
$634/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$155,155(+15.9%)
Key Takeaway
Homes in Mission Viejo have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in Mission Viejo was $1,132,666 in September 2024, up 15.9% from last year, and the median price per square foot was $634.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $444.5K | $470K | +5.7% |
| 2 Bedrooms | $725.6K | $778K | +7.2% |
| 3 Bedrooms | $950K | $1.0M | +15.8% |
| 4 Bedrooms | $1.2M | $1.3M | +11.0% |
| 5+ Bedrooms | $1.4M | $1.5M | +9.3% |
Summary: Mission Viejo housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Rancho Santa Margarita | $886.5K | $1.0M | +20.1% |
| Lake Forest | $1.0M | $1.1M | +18.6% |
| Mission Viejo | $977.5K | $1.1M | +15.9% |
| South Coast | $1.0M | $1.2M | +11.4% |
| Laguna Hills | $1.0M | $1.1M | +4.7% |
Housing Supply in Mission Viejo, CA
How many homes are available in Mission Viejo, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 271 | 262 | -3.3% |
Summary: The Mission Viejo real estate market had 262 homes for sale in September 2024, a 3.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 70 | 73 | +4.3% |
| 3 Bedrooms | 94 | 79 | -16.0% |
| 4 Bedrooms | 74 | 76 | +2.7% |
| 5+ Bedrooms | 31 | 33 | +6.5% |
Summary: The Mission Viejo housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 76 | 62 | -18.4% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mission Viejo, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Mission Viejo in September 2024, down by 18.4% month-over-month. Of the 62 sold homes, 44% were sold under asking, 23% were sold at asking, and 34% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 17 Days | 20 Days | +15.2% |
Summary: Homes in Mission Viejo had an average of 20 days on market in Sep 2024, up by 15.2% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mission Viejo are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 62 homes were sold in Mission Viejo; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% 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.