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 October 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

$1,200,000

$712/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$120,000(-9.1%)

Key Takeaway

Homes in Miramar Ranch North have sold for 9.1% less than they did a year ago.

Summary: The median home sold price in Miramar Ranch North was $1,200,000 in October 2024, down 9.1% from last year, and the median price per square foot was $712.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $686K$809K
+17.9%
3 $1.0M$1.0M
+2.6%
4 $1.6M$1.8M
+15.6%
5+ $1.7M$2.1M
+20.3%

Summary: Miramar Ranch North housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 20.3%.

Median Sold Price Compared To Nearby Neighborhoods

Sabre Springs
+16.1%
Scripps Ranch
+12.0%
Mira Mesa
+11.6%
Miramar Ranch North
-9.1%

Housing Supply in Miramar Ranch North, CA

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
33330.0%

Summary: The Miramar Ranch North real estate market had 33 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 910
+11.1%
3 1512
-20.0%
4 55
0.0%
5+ 46
+50.0%

Summary: The Miramar Ranch North 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 increased by 11.1%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 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. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Miramar Ranch North in October 2024, up by 22.2% month-over-month. Of the 11 sold homes, 55% were sold under asking, 0% were sold at asking, and 45% 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

Oct 2023Oct 2024CHANGE
8 Days14 Days+71.1%

Summary: Homes in Miramar Ranch North had an average of 14 days on market in Oct 2024, up by 71.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Miramar Ranch North are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in Miramar Ranch North; 82% of homes were sold within 30 days, 18% 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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