12 homes in zoned to Philip J. Reilly Elementary
Mission Viejo, CA
23121 Fairfield, Mission Viejo, CA 92692
4 beds · 3 baths · 2,679 sqft

About Mission Viejo: Philip J. Reilly Elementary is located in Mission Viejo. Mission Viejo is a commuter city in the Saddleback Valley in Orange County, California, United States. Mission Viejo is considered one of the largest master-planned communities ever built under a single project in the United States and is rivaled only by Highlands Ranch, Colorado in size. Its population as of 2020 was 93,653.
These are homes for sale inside the attendance boundary for Philip J. Reilly Elementary in Mission Viejo (Topfind School Score: 10/10). Every home here is actually assigned to this school per the official attendance zone, not just nearby. This zone has 12 active listings.
Topfind Market Read
The picture is mixed here. There is only 2.4 months of supply, yet 75% of current listings have been up for more than 30 days, and 67% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$1.80M
↑ 26% 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
2.4 months of supply
Tight Supply12 active listings against the current sales pace works out to about 2.4 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 ~56 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 50% over the last six months.
Inventory Distribution
A larger share of listings has been up beyond 30 days, which typically means more room to negotiate on those longer-listed homes.
Housing Tenure in Philip J. Reilly Elementary Area
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)
Median Price by Bedroom
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $336K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$2.4M)
Price Reductions
8 listings have reduced their price
67% of active listings
Average reduction: 4.6% (~$83K)
As an elementary school, Philip J. Reilly Elementary operates within the Capistrano Unified district. The school carries a Topfind School Score of 10. Homes in the Philip J. Reilly Elementary attendance zone carry a median list price of $1.8M. That runs roughly 59.9% higher than Mission Viejo as a whole. The median price moved from $1.6M in February to $1.6M in July, a 2.4% increase over six months. Right now 12 homes are on the market in the Philip J. Reilly Elementary attendance zone. The homes on this page fall inside the school's attendance zone, so students at these addresses are assigned to Philip J. Reilly Elementary.
Browse homes for sale in cities near Mission Viejo
There are currently 12 homes for sale in Philip J. Reilly Elementary Area, ranging from $849,999 to $6,988,888.
The median list price in Philip J. Reilly Elementary Area is $1,799,000. Price per square foot averages $788. Prices are up 26.3% compared to a year ago.
Homes in Philip J. Reilly Elementary Area currently average 56 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.
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