Is Ojai-Mira Monte, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ojai-Mira Monte is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Ojai-Mira Monte was a Seller's Market.

Key Takeaway

Ojai-Mira Monte is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ojai-Mira Monte, CA

How much do homes in Ojai-Mira Monte, CA cost?

Median Sold Price

$1,148,025

$708/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$98,025(+9.3%)

Key Takeaway

Homes in Ojai-Mira Monte have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Ojai-Mira Monte was $1,148,025 in May 2024, up 9.3% from last year, and the median price per square foot was $708.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $610K$1.1M
+89.3%
2 $837.5K$810K
-3.3%
3 $1.0M$1.1M
+15.3%
4 $1.4M$1.3M
-5.5%
5+ $1.5M$3.6M
+146.5%

Summary: Ojai-Mira Monte housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 89.3%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 15.3%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 146.5%.

Median Sold Price Compared To Nearby Cities

Oak View
+11.0%
Ojai-Mira Monte
+9.3%
Ventura
+7.9%
Ojai
+7.5%

Housing Supply in Ojai-Mira Monte, CA

How many homes are available in Ojai-Mira Monte, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
148147-0.7%

Summary: The Ojai-Mira Monte real estate market had 147 homes for sale in May 2024, a 0.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 1515
0.0%
3 6861
-10.3%
4 3641
+13.9%
5+ 2829
+3.6%

Summary: The Ojai-Mira Monte housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 3.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3420-41.2%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ojai-Mira Monte, you may be able to get a good deal. 65% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Ojai-Mira Monte in May 2024, down by 41.2% month-over-month. Of the 20 sold homes, 65% were sold under asking, 15% were sold at asking, and 20% were sold over asking.

Days on Market for Ojai-Mira Monte, CA

How long does it take to sell a home in Ojai-Mira Monte, CA?

Average Sale Time

May 2023May 2024CHANGE
39 Days49 Days+25.8%

Summary: Homes in Ojai-Mira Monte had an average of 49 days on market in May 2024, up by 25.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ojai-Mira Monte are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 20 homes were sold in Ojai-Mira Monte; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% 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 16 Days Ago

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