$5,902 Closing Credit*
$497,000
1,300 SqFt
3 Beds
•1 Full Bath
Nicholas Hartman II, Listing Office: PACIFIC SOTHEBYS INT'L REALTY
Is Rancho Mission Viejo, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Rancho Mission Viejo has remained a Seller's Market.
Key Takeaway
Rancho Mission Viejo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rancho Mission Viejo, CA
How much do homes in Rancho Mission Viejo, CA cost?
Median Sold Price
$1,125,000
$626/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+1.4%)
Key Takeaway
Homes in Rancho Mission Viejo have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Rancho Mission Viejo was $1,125,000 in October 2024, up 1.4% from last year, and the median price per square foot was $626.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $510K | $570K | +11.8% |
| 2 Bedrooms | $825K | $885K | +7.3% |
| 3 Bedrooms | $1.0M | $1.0M | +7.4% |
| 4 Bedrooms | $1.4M | $1.4M | +3.6% |
| 5+ Bedrooms | $2.1M | $2.7M | +27.0% |
Summary: Rancho Mission Viejo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 27%.
Median Sold Price Compared To Nearby Neighborhoods
| Ladera Ranch | $1.0M | $1.2M | +16.9% |
| Coto de Caza | $1.6M | $1.8M | +10.5% |
| Talega | $1.6M | $1.7M | +6.4% |
| Covenant Hills Village | $2.8M | $3.0M | +4.0% |
| Rancho Mission Viejo | $1.1M | $1.1M | +1.4% |
Housing Supply in Rancho Mission Viejo, CA
How many homes are available in Rancho Mission Viejo, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 74 | +4.2% |
Summary: The Rancho Mission Viejo real estate market had 74 homes for sale in October 2024, a 4.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 19 | 27 | +42.1% |
| 3 Bedrooms | 29 | 30 | +3.4% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Rancho Mission Viejo 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 42.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rancho Mission Viejo, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Rancho Mission Viejo in October 2024, up by 10.0% month-over-month. Of the 22 sold homes, 59% were sold under asking, 23% were sold at asking, and 18% were sold over asking.
Days on Market for Rancho Mission Viejo, CA
How long does it take to sell a home in Rancho Mission Viejo, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 48 Days | +50.2% |
Summary: Homes in Rancho Mission Viejo had an average of 48 days on market in Oct 2024, up by 50.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rancho Mission Viejo has remained consistent over time.
Summary: During October 2024, 22 homes were sold in Rancho Mission Viejo; 32% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.