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

Housing Market Conditions



Gauge showing Mission Viejo is a seller's market


Difference Since August 2022

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

How much do homes in Mission Viejo, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Mission Viejo have sold for 2.3% less than they did a year ago.

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

# BEDSAug 2022Aug 2023CHANGE
1 $395.5K$444.5K
2 $700K$726.3K
3 $940.5K$938K
4 $1.2M$1.2M
5+ $1.4M$1.4M

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
South Coast
Rancho Santa Margarita
Lake Forest
Mission Viejo

Housing Supply

How many homes are available in Mission Viejo, CA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

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

# BEDSJul 2023Aug 2023CHANGE
1 42
2 5355
3 7566
4 5665
5+ 2116

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 2023Aug 2023CHANGE

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

41 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. 53.9% of homes here sold above asking price last month.

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 2022Aug 2023CHANGE
22 Days21 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mission Viejo are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

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Nearby Markets

What housing markets are near Mission Viejo, CA?