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Discover the latest trends and insights into the Aliso Viejo housing market with our comprehensive market report for March 2024. Explore key statistics and dynamics shaping real estate in Aliso Viejo, a thriving community known for its desirable amenities and strong market demand.
Seller's Market Dynamics
Aliso Viejo remains a Seller's Housing Market, where prices tend to be higher and homes sell faster. In March 2024, the median home sold price rose to $862,400, reflecting a 1.5% increase from the previous year, with a median price per square foot of $618.
Price Trends by Bedroom Type
Examine housing prices by bedroom type to gain deeper insights into market trends. In March 2024, compared to the previous year:
1 bedroom homes experienced a significant increase of 8.9%.
2 bedroom homes saw a notable rise of 5.7%.
3 bedroom homes witnessed a modest increase of 1.2%.
4 bedroom homes experienced a slight uptick of 0.7%.
Homes with 5 or more bedrooms saw a healthy increase of 6.1%.
Inventory and Sales Activity
While the housing inventory decreased by 10.0% in March 2024 compared to the previous month, sales activity remained robust. A total of 33 homes were sold or pending, representing a 3.1% increase month-over-month.
Pricing Dynamics and Turnover
Despite fluctuations in inventory, competitive pricing dynamics persisted, with 58% of homes selling over asking price. Furthermore, 85% of homes sold within 30 days, underscoring the high demand and swift turnover in the market.
Time to Sale
Homes in Aliso Viejo continue to sell rapidly, with an average of 17 days on the market in March 2024, down by 51.8% compared to the previous year. The majority of homes (85%) sold within 30 days, highlighting the efficiency of the sales process.
Search Aliso Viejo Homes For Sale
Stay informed and ahead of the curve in the Aliso Viejo real estate market with our comprehensive analysis. Whether you're buying or selling, understanding these trends is essential for making informed decisions and achieving your real estate goals in Aliso Viejo's dynamic housing market.
