Mission Viejo Housing Market Report – May 2026
Here's a look at how the Mission Viejo, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 97
- Median Sale Price: $1,150,000
- Average Sale Price: $1,161,123
- Average Price Per Sq Ft: $679
- Average Days on Market: 51
- Sale-to-List Price Ratio: 100.2%
Month-Over-Month Trends
Compared to April, the median sale price in Mission Viejo moved 8.0% down (from $1,250,000 to $1,150,000). The number of homes sold was 14.2% down compared to the prior month (113 vs. 97). Average days on market shifted 6.2% up (48 days to 51 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 6.1% down (from $1,225,000 to $1,150,000). Sales volume is 22.8% up year-over-year.
What This Means
Mission Viejo's housing market is cooling slightly heading into summer, though conditions remain relatively balanced for both buyers and sellers. The median price dropped 8 percent month-over-month to $1.15 million, continuing a modest downward trend from last year. However, homes are still selling at essentially list price—the 100.2 percent sale-to-list ratio shows sellers maintain reasonable negotiating power. The uptick in average days on market to 51 days suggests properties are taking longer to move, likely reflecting typical seasonal patterns as we enter late spring when buyer activity often softens.
The year-over-year sales volume jump is primarily due to improved data collection rather than genuine market strength, so it's not indicative of a surge. What matters more is the month-to-month deceleration: fewer homes sold in May compared to April, and homes lingering slightly longer on the market. With 196 active listings currently available and asking prices holding steady near $1.14 million, there's healthy supply relative to demand. For buyers, this means more negotiating room and less pressure to rush; for sellers, it's a reminder that pricing competitively is key to standing out in a gradually softening market.
Mission Viejo Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92692 | 51 | $1,025,000 | $683 | 56 |
| 92691 | 46 | $1,155,000 | $675 | 45 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 65 | $1,339,000 | $716 |
| CONDOS | 24 | $783,750 | $595 |
| CONDO | 7 | $660,000 | $628 |
| TOWNHOMES | 1 | $850,000 | $639 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $400K - $499K | 2 |
| $500K - $749K | 11 |
| $750K+ | 84 |
Current Active Listings
As of this report, there are 196 active listings in Mission Viejo with a median asking price of $1,142,000 and an average of 44 days on market.
Thinking About Selling Your Mission Viejo Home?
If you're a homeowner in Mission Viejo considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Mission Viejo and throughout Orange County — get a no-obligation cash offer today.