$6,055 Closing Credit*
$509,888
2,062 SqFt
3 Beds
•3 Full Baths
Jim Gordon, Listing Office: Your Castle Real Estate Inc
Is Mission Viejo, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Mission Viejo has remained a Seller's Market.
Key Takeaway
Mission Viejo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mission Viejo, CO
How much do homes in Mission Viejo, CO cost?
Median Sold Price
$468,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$17,000(-3.5%)
Key Takeaway
Homes in Mission Viejo have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in Mission Viejo was $468,000 in August 2024, down 3.5% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $352.5K | $348K | -1.3% |
| 3 Bedrooms | $485K | $430K | -11.3% |
| 4 Bedrooms | $500K | $500K | 0.0% |
| 5+ Bedrooms | $540K | $549K | +1.7% |
Summary: Mission Viejo housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Summer Valley | $473.2K | $458.1K | -3.2% |
| Mission Viejo | $485K | $468K | -3.5% |
Housing Supply in Mission Viejo, CO
How many homes are available in Mission Viejo, CO?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 43 | 44 | +2.3% |
Summary: The Mission Viejo real estate market had 44 homes for sale in August 2024, a 2.3% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mission Viejo housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mission Viejo, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Mission Viejo in August 2024, down by 18.2% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Mission Viejo, CO
How long does it take to sell a home in Mission Viejo, CO?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 8 Days | 83 Days | +948.6% |
Summary: Homes in Mission Viejo had an average of 83 days on market in Aug 2024, up by 948.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mission Viejo are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 9 homes were sold in Mission Viejo; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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