Single-Family Homes
Wed Oct 04 2023
This week the median list price for Laguna Hills, CA 92653 is $1,699,000 with the market action index hovering around 67. This is an increase over last month's market action index of 64. Inventory has decreased to 13.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.
Median List Price | $1,699,000 | |
Median Price of New Listings | $875,000 | |
Per Square Foot | $695 | |
Average Days on Market | 69 | |
Median Days on Market | 63 | |
Price Decreased | 31% | |
Price Increased | 8% | |
Relisted | 8% | |
Inventory | 13 | |
Median Rent | ||
Market Action | 67 | |
Strong Seller's Market |
Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$5,750,000 | 5,139 | 0.5 - 1 acre | 5 | 6 | 39 | 0 | 0 | 77 |
$2,195,000 | 3,156 | 8,000 - 10,000 sqft | 5 | 3 | 34 | 0 | 0 | 28 |
$1,595,000 | 2,457 | 6,500 - 8,000 sqft | 5 | 3 | 53 | 0 | 2 | 21 |
$993,450 | 1,692 | 4,500 - 6,500 sqft | 3 | 2 | 52 | 1 | 2 | 98 |