Mission Viejo Real Estate Market Report
Executive Summary
The Mission Viejo, CA real estate market is currently classified as a seller's market. The median asking price is $977K, up 18.8% over the past 30 days.
There are currently 188 active listings, representing 2.8 months of inventory. 144 properties have sold in the past 90 days at a median sold price of $1.2M. Inventory has increased 113.6% compared to last month.
Currently, listings spend an average of 33 days on market and the average price per square foot is $646.
Detached properties make up the largest share of the Mission Viejo market at 71% of active listings with an average price of $926K. Condo listings follow at 23% (avg $883K).
Sales Activity & Absorption
Volume
Market Signals
66 properties sold in the past 30 days, 100 new listings appeared in the past month, 42 sellers reduced their asking price.
Market Balance
Months of Inventory
With only 2.8 months of inventory, the market is supply-constrained. Buyers should be prepared for competition, and sellers can expect strong interest.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| CASTA DEL SOL - FIESTA | 14 | $919K |
| MALLORCA CONDOS | 10 | $634K |
| LA PAZ | 8 | $1.2M |
| CASTA DEL SOL - PUD | 8 | $858K |
| MADRID | 7 | $1.2M |
| FINISTERRA ON THE LAKE | 6 | $431K |
| BARCELONA | 5 | $1.3M |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
This is currently a seller's market with strong demand and limited inventory. The Mission Viejo market currently has 188 active listings with a median price of $977K and 2.8 months of inventory.
- Low inventory (2.8 months) favors sellers
- Prices rising (18.8% in 30 days)
- High price reduction rate (22% of listings)
- High sell-through rate (100%)
- Average price per square foot is $646
- Sold properties averaged 22 days on market
Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily. Prepared by Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS listings as of April 13, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.