Is Laguna Woods, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Laguna Woods has remained a Seller's Market.
Key Takeaway
Laguna Woods is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Laguna Woods, CA
How much do homes in Laguna Woods, CA cost?
Median Sold Price
$415,285
$385/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Laguna Woods have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Laguna Woods was $415,285 in May 2024, up 10.1% from last year, and the median price per square foot was $385.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229K | $239K | +4.4% |
| 2 Bedrooms | $383.7K | $418.2K | +9.0% |
| 3 Bedrooms | $850K | $853K | 0.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Laguna Woods housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 0.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Laguna Woods | $377.2K | $415.2K | +10.1% |
| South Coast | $1.0M | $1.1M | +9.3% |
| Aliso Viejo | $841.2K | $900K | +7.0% |
| Laguna Beach | $2.8M | $2.9M | +3.6% |
| Laguna Hills | $1.0M | $1.0M | +0.9% |
Housing Supply in Laguna Woods, CA
How many homes are available in Laguna Woods, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 248 | 240 | -3.2% |
Summary: The Laguna Woods real estate market had 240 homes for sale in May 2024, a 3.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 16 | -20.0% |
| 2 Bedrooms | 199 | 202 | +1.5% |
| 3 Bedrooms | 29 | 22 | -24.1% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Laguna Woods housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 1.5%, 3 bedroom homes decreased by 24.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 66 | -1.5% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laguna Woods, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in Laguna Woods in May 2024, down by 1.5% month-over-month. Of the 66 sold homes, 45% were sold under asking, 23% were sold at asking, and 32% were sold over asking.
Days on Market for Laguna Woods, CA
How long does it take to sell a home in Laguna Woods, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 28 Days | -23.0% |
Summary: Homes in Laguna Woods had an average of 28 days on market in May 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Laguna Woods are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 66 homes were sold in Laguna Woods; 61% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.