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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ojai is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Ojai was a Seller's Market.

Key Takeaway

Ojai is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Ojai, CA

How much do homes in Ojai, CA cost?

Median Sold Price

$1,260,000

$761/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$85,000(+7.2%)

Key Takeaway

Homes in Ojai have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in Ojai was $1,260,000 in October 2024, up 7.2% from last year, and the median price per square foot was $761.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $950K$1.1M
+21.6%
2 $815K$1.0M
+22.7%
3 $1.2M$1.2M
-1.0%
4 $1.5M$1.4M
-9.0%
5+ $2.6M$3.5M
+30.5%

Summary: Ojai housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.6%, 2 bedroom homes increased by 22.7%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 30.5%.

Median Sold Price Compared To Nearby Cities

Ojai
+7.2%
Ojai-Mira Monte
+7.1%

Housing Supply in Ojai, CA

How many homes are available in Ojai, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
108117+8.3%

Summary: The Ojai real estate market had 117 homes for sale in October 2024, a 8.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 55
0.0%
2 1622
+37.5%
3 3435
+2.9%
4 3339
+18.2%
5+ 2016
-20.0%

Summary: The Ojai 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 37.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1617+6.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 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. 76.5% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Ojai in October 2024, up by 6.3% month-over-month. Of the 17 sold homes, 76% were sold under asking, 6% were sold at asking, and 18% 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

Oct 2023Oct 2024CHANGE
42 Days67 Days+60.4%

Summary: Homes in Ojai had an average of 67 days on market in Oct 2024, up by 60.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Ojai has remained consistent over time.

Summary: During October 2024, 17 homes were sold in Ojai; 29% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 29% 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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