Is Ojai, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ojai is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Ojai has remained a Buyer's Market.

Key Takeaway

Ojai is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ojai, CA

How much do homes in Ojai, CA cost?

Median Sold Price

$1,275,000

$755/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$102,500(+8.7%)

Key Takeaway

Homes in Ojai have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Ojai was $1,275,000 in November 2024, up 8.7% from last year, and the median price per square foot was $755.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $780K$1.1M
+48.1%
2 $810K$1.0M
+23.5%
3 $1.1M$1.2M
+2.7%
4 $1.5M$1.4M
-7.5%
5+ $2.7M$3.5M
+26.7%

Summary: Ojai housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.1%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 26.7%.

Median Sold Price Compared To Nearby Cities

Ojai-Mira Monte
+12.4%
Ojai
+8.7%

Housing Supply in Ojai, CA

How many homes are available in Ojai, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
115108-6.1%

Summary: The Ojai real estate market had 108 homes for sale in November 2024, a 6.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 45
+25.0%
2 1917
-10.5%
3 3630
-16.7%
4 3632
-11.1%
5+ 2024
+20.0%

Summary: The Ojai housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1710-41.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ojai, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Ojai in November 2024, down by 41.2% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.

Days on Market for Ojai, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days63 Days+252.8%

Summary: Homes in Ojai had an average of 63 days on market in Nov 2024, up by 252.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 10 homes were sold in Ojai; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% 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 20 Days Ago

Newest Listings in Ojai, CA

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