Is Rancho Mission Viejo, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rancho Mission Viejo has remained a Seller's Market.
Housing Prices in Rancho Mission Viejo, CA
How much do homes in Rancho Mission Viejo, CA cost?
Median Sold Price
$1,150,000
$590/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rancho Mission Viejo was $1,150,000 in April 2024, up 4.5% from last year, and the median price per square foot was $590.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $525K | $514.9K | -1.9% |
2 Bedrooms | $900K | $825K | -8.3% |
3 Bedrooms | $1.0M | $1.0M | +5.0% |
4 Bedrooms | $1.3M | $1.4M | +3.1% |
5+ Bedrooms | $1.6M | $2.2M | +39.1% |
Summary: Rancho Mission Viejo housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 39.1%.
Median Sold Price Compared To Nearby Neighborhoods
Talega | $1.5M | $1.6M | +7.9% |
Coto de Caza | $1.6M | $1.7M | +7.4% |
Rancho Mission Viejo | $1.1M | $1.1M | +4.5% |
Ladera Ranch | $1.1M | $1.1M | +3.5% |
Covenant Hills Village | $2.7M | $2.6M | -1.9% |
Housing Supply in Rancho Mission Viejo, CA
How many homes are available in Rancho Mission Viejo, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 73 | +5.8% |
Summary: The Rancho Mission Viejo real estate market had 73 homes for sale in April 2024, a 5.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 26 | 32 | +23.1% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Rancho Mission Viejo 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 increased by 23.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 24 | +50.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Rancho Mission Viejo in April 2024, up by 50.0% month-over-month. Of the 24 sold homes, 42% were sold under asking, 21% were sold at asking, and 38% were sold over asking.
Days on Market for Rancho Mission Viejo, CA
How long does it take to sell a home in Rancho Mission Viejo, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 30 Days | -17.0% |
Summary: Homes in Rancho Mission Viejo had an average of 30 days on market in Apr 2024, down by 17% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Rancho Mission Viejo; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.