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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ojai-Mira Monte is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Ojai-Mira Monte has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Ojai-Mira Monte, CA

How much do homes in Ojai-Mira Monte, CA cost?

Median Sold Price

$1,201,666

$728/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$80,000(+7.1%)

Key Takeaway

Homes in Ojai-Mira Monte have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Ojai-Mira Monte was $1,201,666 in October 2024, up 7.1% from last year, and the median price per square foot was $728.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $950K$680K
-28.4%
2 $812.5K$877.5K
+8.0%
3 $1.1M$1.1M
+2.4%
4 $1.2M$1.3M
+11.9%
5+ $2.1M$3.5M
+65.5%

Summary: Ojai-Mira Monte housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.4%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 65.5%.

Median Sold Price Compared To Nearby Cities

Ojai
+7.2%
Ojai-Mira Monte
+7.1%
Ventura
+6.3%
Oak View
+2.3%

Housing Supply in Ojai-Mira Monte, CA

How many homes are available in Ojai-Mira Monte, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
137145+5.8%

Summary: The Ojai-Mira Monte real estate market had 145 homes for sale in October 2024, a 5.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 2227
+22.7%
3 5252
0.0%
4 3945
+15.4%
5+ 2017
-15.0%

Summary: The Ojai-Mira Monte 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 22.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 15%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1925+31.6%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ojai-Mira Monte, you may be able to get a good deal. 68% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Ojai-Mira Monte in October 2024, up by 31.6% month-over-month. Of the 25 sold homes, 68% were sold under asking, 16% were sold at asking, and 16% were sold over asking.

Days on Market for Ojai-Mira Monte, CA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
36 Days67 Days+82.7%

Summary: Homes in Ojai-Mira Monte had an average of 67 days on market in Oct 2024, up by 82.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 25 homes were sold in Ojai-Mira Monte; 28% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 28% 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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