Mission Viejo, CA Home Values & Market Trends
Real estate market trends reflect that there have been 1,259 transactions over the past year in Mission Viejo. The median value for residential home transactions that occurred over the previous year is $1,169,168.62. The number of current listings in Mission Viejo is 174, and the percentage of properties for sale in the city is 174.00%. Mission Viejo, CA currently has 26 properties in foreclosure, 0 bank owned properties, 9 properties headed for auction, and 174 properties for sale.
Mission Viejo, CA Real Estate Market Overview
Housing Market Summary for Mission Viejo, CA
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $995.2K | $1.2M | 16.00% |
Median Sold Price | $1.1M | $1.2M | 5.05% |
Homes For Sale | 251 | 173 | -31.08% |
Homes Sold | 1,195 | 1,182 | -1.09% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
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Browse Homes in Mission Viejo, CA
Mission Viejo home values range from $109,547 to $9,874,000. The median estimated value of a home in Mission Viejo is $1,169,168.62. The median list price of a home is 1,100,000, and the total count of properties in the city is 37,784.
- Pre-ForeclosurePre-foreclosure homes account for 0.04% of all residential properties in Mission Viejo, CA with 92692 containing 10 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Mission Viejo, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,910,500 in 92691 to the lowest home value of $762,250 in 92692.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Mission Viejo, CA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Mission Viejo, CA. There are 2 zips within Mission Viejo, CA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions92692 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Mission Viejo, CA. Auction homes and other auction properties account for 0.02% of all properties in Mission Viejo, CA. There are 2 zips within Mission Viejo, CA; of those zips, the median estimated home value for homes going to auction ranges from $1,163,000 in 92691 to the lowest value of $789,999 in 92691.
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Guide for Mission Viejo, CA
In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.
The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.
Santa Ana’s real estate market thrives with fluctuating median property values and diverse submarkets. Recent trends indicate potential opportunities for investors with varied budgets despite market volatility, enhanced by Santa Ana’s comparatively low foreclosure rates and value-for-money square foot pricing.
The San Bernardino real estate market is experiencing stability and modest growth. Median property values are consistent, while foreclosures, pre-foreclosures, and auctions present unique investment opportunities due high avg values.