$5,938 Closing Credit*
$500,000
1,781 SqFt
4 Beds
•1 Full Bath, 1 Partial
Maritza Torres, Listing Office: RE/MAX Professionals
Is Mission Viejo, CO 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, 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
$465,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$17,500(-3.6%)
Key Takeaway
Homes in Mission Viejo have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Mission Viejo was $465,000 in October 2024, down 3.6% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $350K | $347.5K | -0.7% |
| 3 Bedrooms | $490K | $430K | -12.2% |
| 4 Bedrooms | $492.5K | $492.5K | 0.0% |
| 5+ Bedrooms | $507.5K | $550K | +8.4% |
Summary: Mission Viejo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Meadow Wood | $471K | $477.5K | +1.4% |
| Summer Valley | $470.7K | $459.1K | -2.5% |
| Mission Viejo | $482.5K | $465K | -3.6% |
Housing Supply in Mission Viejo, CO
How many homes are available in Mission Viejo, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 56 | +16.7% |
Summary: The Mission Viejo real estate market had 56 homes for sale in October 2024, a 16.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 20 | 26 | +30.0% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 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 11.1%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 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. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Mission Viejo in October 2024, up by 71.4% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 11 Days | -14.1% |
Summary: Homes in Mission Viejo had an average of 11 days on market in Oct 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mission Viejo are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Mission Viejo; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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