Mission Viejo Housing Market Report – July 2026
Here's a look at how the Mission Viejo, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 106
- Median Sale Price: $1,200,000
- Average Sale Price: $2,880,473
- Average Price Per Sq Ft: $664
- Average Days on Market: 60
- Sale-to-List Price Ratio: 99.6%
Month-Over-Month Trends
Compared to June, the median sale price in Mission Viejo moved 2.0% down (from $1,225,000 to $1,200,000). The number of homes sold was 0.9% down compared to the prior month (107 vs. 106). Average days on market shifted 0.0% down (60 days to 60 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 7.6% up (from $1,115,000 to $1,200,000). Sales volume is 5.0% up year-over-year.
What This Means
Mission Viejo's housing market is showing signs of stability as summer winds down, though with some cautionary notes beneath the surface. The median sale price of $1.2 million is up 7.6% year-over-year, suggesting underlying strength in buyer demand and property values. However, the month-to-month decline of 2% hints at typical summer softening—not unusual for July as many families have already moved and buyer urgency naturally decreases. The fact that homes are still selling at 99.6% of list price indicates sellers retain negotiating power, even if that power is gently slipping.
What's worth watching is the growing inventory cushion. With 223 active listings sitting on the market for an average of 47 days—notably faster than the 60-day average for sold homes—buyers are gaining options they haven't had in recent years. That 223-listing pool suggests the market is transitioning from seller-dominated to more balanced territory. The gap between what sellers are asking (median $1.11 million) and what's actually selling ($1.2 million) is intriguing too, pointing to overpriced listings that aren't finding traction. For buyers, this emerging inventory could mean improved negotiating leverage in the coming months.
Mission Viejo Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92692 | 54 | $1,129,500 | $635 | 67 |
| 92691 | 51 | $1,249,000 | $691 | 53 |
| 92694 | 1 | $4,650,000 | $809 | N/A |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 73 | $1,350,000 | $689 |
| CONDOS | 18 | $677,500 | $612 |
| CONDO | 11 | $655,000 | $608 |
| TOWNHOMES | 3 | $850,000 | $565 |
| MULTI_FAMILY | 1 | $180,000,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $300K - $399K | 4 |
| $500K - $749K | 18 |
| $750K+ | 84 |
Current Active Listings
As of this report, there are 223 active listings in Mission Viejo with a median asking price of $1,111,000 and an average of 47 days on market.
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