Is Mira Costa, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mira Costa is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Mira Costa has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Mira Costa, CA

How much do homes in Mira Costa, CA cost?

Median Sold Price

$807,000

$572/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$157,000(+24.2%)

Key Takeaway

Homes in Mira Costa have sold for 24.2% more than they did a year ago.

Summary: The median home sold price in Mira Costa was $807,000 in September 2024, up 24.2% from last year, and the median price per square foot was $572.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $426K$445K
+4.5%
2 $550K$596.5K
+8.5%
3 $785.8K$838.5K
+6.7%
4 $1.0M$1.0M
+7.0%
5+ $1.0M$1.1M
+8.3%

Summary: Mira Costa housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 8.3%.

Median Sold Price Compared To Nearby Neighborhoods

Mira Costa
+24.2%
Tri-City
+13.5%

Housing Supply in Mira Costa, CA

How many homes are available in Mira Costa, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4543-4.4%

Summary: The Mira Costa real estate market had 43 homes for sale in September 2024, a 4.4% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 34
+33.3%
2 2018
-10.0%
3 1211
-8.3%
4 910
+11.1%
5+ 10
-100.0%

Summary: The Mira Costa housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
11110.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mira Costa, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Mira Costa in September 2024, the same as the previous month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.

Days on Market for Mira Costa, CA

How long does it take to sell a home in Mira Costa, CA?

Average Sale Time

Sep 2023Sep 2024CHANGE
17 Days25 Days+40.3%

Summary: Homes in Mira Costa had an average of 25 days on market in Sep 2024, up by 40.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 11 homes were sold in Mira Costa; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% 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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