Is Miramar Ranch North, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Miramar Ranch North is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Miramar Ranch North has remained a Seller's Market.

Key Takeaway

Miramar Ranch North is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Miramar Ranch North, CA

How much do homes in Miramar Ranch North, CA cost?

Median Sold Price

$1,216,500

$712/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$269,000(-18.1%)

Key Takeaway

Homes in Miramar Ranch North have sold for 18.1% less than they did a year ago.

Summary: The median home sold price in Miramar Ranch North was $1,216,500 in November 2024, down 18.1% from last year, and the median price per square foot was $712.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $693.5K$804K
+15.9%
3 $1.0M$1.0M
+3.5%
4 $1.6M$1.8M
+14.1%
5+ $1.7M$2.1M
+23.1%

Summary: Miramar Ranch North housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 23.1%.

Median Sold Price Compared To Nearby Neighborhoods

Sabre Springs
+14.6%
Scripps Ranch
+12.0%
Mira Mesa
+8.6%
Miramar Ranch North
-18.1%

Housing Supply in Miramar Ranch North, CA

How many homes are available in Miramar Ranch North, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3026-13.3%

Summary: The Miramar Ranch North real estate market had 26 homes for sale in November 2024, a 13.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 87
-12.5%
3 96
-33.3%
4 67
+16.7%
5+ 76
-14.3%

Summary: The Miramar Ranch North housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
115-54.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Miramar Ranch North, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Miramar Ranch North in November 2024, down by 54.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for Miramar Ranch North, CA

How long does it take to sell a home in Miramar Ranch North, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
8 Days35 Days+318.8%

Summary: Homes in Miramar Ranch North had an average of 35 days on market in Nov 2024, up by 318.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Miramar Ranch North has remained consistent over time.

Summary: During November 2024, 5 homes were sold in Miramar Ranch North; 40% of homes were sold within 30 days, 60% 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 23 Days Ago

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