Is Ojai-Mira Monte, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
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
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $610K | $1.1M | +89.3% |
| 2 Bedrooms | $837.5K | $810K | -3.3% |
| 3 Bedrooms | $1.0M | $1.1M | +15.3% |
| 4 Bedrooms | $1.4M | $1.3M | -5.5% |
| 5+ Bedrooms | $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%.
Housing Supply in Ojai-Mira Monte, CA
How many homes are available in Ojai-Mira Monte, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 148 | 147 | -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
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 68 | 61 | -10.3% |
| 4 Bedrooms | 36 | 41 | +13.9% |
| 5+ Bedrooms | 28 | 29 | +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 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 20 | -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
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 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 49 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
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.
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