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 seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Ojai-Mira Monte has remained a Seller's Market.

Key Takeaway

Ojai-Mira Monte is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ojai-Mira Monte, CA

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

Median Sold Price

$1,105,000

$697/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$79,500(+7.8%)

Key Takeaway

Homes in Ojai-Mira Monte have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Ojai-Mira Monte was $1,105,000 in April 2024, up 7.8% from last year, and the median price per square foot was $697.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $610K$1.1M
+89.3%
2 $837.5K$810K
-3.3%
3 $1.0M$1.0M
+8.5%
4 $1.4M$1.2M
-13.8%
5+ $1.4M$3.3M
+124.5%

Summary: Ojai-Mira Monte housing prices by bedroom type for April 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 8.5%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes increased by 124.5%.

Median Sold Price Compared To Nearby Cities

Oak View
+13.7%
Ojai-Mira Monte
+7.8%
Ventura
+7.3%
Ojai
-0.4%

Housing Supply in Ojai-Mira Monte, CA

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

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
136151+11.0%

Summary: The Ojai-Mira Monte real estate market had 151 homes for sale in April 2024, a 11.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 1515
0.0%
3 6471
+10.9%
4 3136
+16.1%
5+ 2427
+12.5%

Summary: The Ojai-Mira Monte housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2134+61.9%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

9 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. 52.9% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in Ojai-Mira Monte in April 2024, up by 61.9% month-over-month. Of the 34 sold homes, 53% were sold under asking, 21% were sold at asking, and 26% 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

Apr 2023Apr 2024CHANGE
19 Days47 Days+140.0%

Summary: Homes in Ojai-Mira Monte had an average of 47 days on market in Apr 2024, up by 140% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Ojai-Mira Monte has remained consistent over time.

Summary: During April 2024, 34 homes were sold in Ojai-Mira Monte; 38% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 15% 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 10 Days Ago

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