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 neutral's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

Ojai-Mira Monte is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Ojai-Mira Monte, CA

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

Median Sold Price

$1,160,000

$727/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$78,333(+7.2%)

Key Takeaway

Homes in Ojai-Mira Monte have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in Ojai-Mira Monte was $1,160,000 in June 2024, up 7.2% from last year, and the median price per square foot was $727.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $780K$897.5K
+15.1%
2 $815K$850K
+4.3%
3 $1.0M$1.1M
+11.0%
4 $1.4M$1.3M
-4.6%
5+ $1.7M$3.7M
+109.4%

Summary: Ojai-Mira Monte housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 11%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 109.4%.

Median Sold Price Compared To Nearby Cities

Ventura
+10.6%
Oak View
+8.3%
Ojai-Mira Monte
+7.2%
Ojai
+6.1%

Housing Supply in Ojai-Mira Monte, CA

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

Number of Homes For Sale

May 2024Jun 2024CHANGE
149146-2.0%

Summary: The Ojai-Mira Monte real estate market had 146 homes for sale in June 2024, a 2.0% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 22
0.0%
2 1513
-13.3%
3 6263
+1.6%
4 4238
-9.5%
5+ 2830
+7.1%

Summary: The Ojai-Mira Monte housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

May 2024Jun 2024CHANGE
2521-16.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 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. 61.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Ojai-Mira Monte in June 2024, down by 16.0% month-over-month. Of the 21 sold homes, 62% were sold under asking, 14% were sold at asking, and 24% 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

Jun 2023Jun 2024CHANGE
46 Days68 Days+48.8%

Summary: Homes in Ojai-Mira Monte had an average of 68 days on market in Jun 2024, up by 48.8% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 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 June 2024, 21 homes were sold in Ojai-Mira Monte; 52% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 29% 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 26 Days Ago

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