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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mira Loma is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Mira Loma was a Neutral Market.

Key Takeaway

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

Housing Prices in Mira Loma, CA

How much do homes in Mira Loma, CA cost?

Median Sold Price

$895,000

$354/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$58,500(+7.0%)

Key Takeaway

Homes in Mira Loma have sold for 7% more than they did a month ago.

Summary: The median home sold price in Mira Loma was $895,000 in October 2024, up 7% from last month, and the median price per square foot was $354.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$580K
N/A
3 $700K$640K
-8.6%
4 $818K$836.5K
+2.3%
5+ $1.0M$950K
-5.8%

Summary: Mira Loma housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 5.8%.

Housing Supply in Mira Loma, CA

How many homes are available in Mira Loma, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3943+10.3%

Summary: The Mira Loma real estate market had 43 homes for sale in October 2024, a 10.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 98
-11.1%
4 913
+44.4%
5+ 1718
+5.9%

Summary: The Mira Loma housing inventory by bedroom type for October 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 11.1%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 5.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
613+116.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mira Loma, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in Mira Loma in October 2024, up by 116.7% month-over-month. Of the 13 sold homes, 23% were sold under asking, 38% were sold at asking, and 38% were sold over asking.

Days on Market for Mira Loma, CA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
25 Days28 Days+11.7%

Summary: Homes in Mira Loma had an average of 28 days on market in Oct 2024, up by 11.7% compared to last month.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 13 homes were sold in Mira Loma; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% 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 16 Days Ago

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