Mission Viejo, CA Housing Market
Median List Price
$1,125,000
Updated August 2026
Today, Mission Viejo has 156 homes for sale at a median list price of $1,125,000, typically selling in about 38 days.
Mission Viejo Market Analysis
Mission Viejo, CA currently shows a median list price of $1.1M. There are 156 homes currently listed for sale in Mission Viejo, CA. 64 new listings came on the market in the last 30 days.
One bedroom homes are the most affordable tier at a median of $460,000, while five bedroom homes top the range at $2M. The housing stock skews toward single family homes, at about 66.7% of active listings, with condos accounting for another 25.0%. Over the last six months, the median price has risen about 8.1%, from $1.2M in February to $1.2M in July. Median pricing works out to $676 per square foot.
Median time from listing to accepted offer is about 18 days. Homes move quickly at that pace, which favors sellers and rewards buyers who come prepared. Addresses here fall across the 92692 and 92691 ZIP codes.
Mission Viejo Rental Market
Mission Viejo, CA currently shows a median asking rent of $5,100. There are 52 homes currently listed for rent in Mission Viejo, CA. The median rent has held roughly steady over the last six months, at $4,200 as of July.
Mission Viejo Market Pulse
Topfind Market Read
Sellers hold the edge right now. There is only 2.2 months of supply, and sale prices are up 6% over the last six months and 4% over the past year. At the same time, 44% of sellers have trimmed their asking price, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Median Home Price
$1.13M
↑ 4% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
2.2 months of supply
Tight Supply156 active listings against the current sales pace works out to about 2.2 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~38 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists. Homes are moving 37% faster than six months ago.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 53% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Mission Viejo
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
78%
Homeowners
22%
Renters
Homeownership is 22.5 points higher than the California average (55.5%)
32,917 households (2023)
Affordability Snapshot
Typical home cost
$7,547/mo
Actual housing expense
Affordable budget (28%)
$3,175/mo
Based on median income
Median household income
$11,339/mo
Mission Viejo
A typical home costs about 67% of the median household's income.
For reference, lenders typically recommend spending ≤28%.
Income needed to afford a typical home comfortably
$323K/year
Assumes housing costs ≤28% of income
View cost breakdown
20% down, 7% rate, 30-yr fixed. CA averages for tax/insurance.
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $496K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$818K)
Price Reductions
69 listings have reduced their price
44% of active listings
Average reduction: 5.1% (~$57K)
Browse Mission Viejo Listings
Frequently Asked Questions about the Mission Viejo, CA Housing Market
What is the median home price in Mission Viejo, CA?
The median list price in Mission Viejo is $1,125,000 as of August 2026, based on 156 active listings.
Is Mission Viejo a buyer's market or a seller's market?
Mission Viejo currently reads as a seller's market. Active inventory works out to about 2.2 months of supply at the recent sales pace.
How fast do homes sell in Mission Viejo?
Homes that closed in the last 90 days typically went under contract in about 18 days. The average home currently for sale has been on the market for 38 days.
Are home prices in Mission Viejo going up or down?
The median sale price in Mission Viejo is up about 4.1% compared with a year ago.
How many homes are for sale in Mission Viejo, CA?
There are 156 homes for sale in Mission Viejo right now, including 15 listed within the last week.
What is the median rent in Mission Viejo?
The median asking rent in Mission Viejo is $5,100 per month, across 52 active rental listings.