No homes found in Lake Mission Viejo
Lake Mission Viejo is a sought-after neighborhood in Mission Viejo, CA. Browse available listings to find your perfect home in this neighborhood.
Mission Viejo Market Report
Median Home Price
$699K
↓ 40.3% over the past yearMonths of Supply
Estimated time to sell all listings at the current sales pace
0.1 months of supply
Seller's MarketWith only 155 active listings, supply is tight.
What this means for buyers
Homes are selling quickly—inventory is tight, competition is strong, and buyers have limited room to negotiate. Listings typically sell in ~36 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace—buyers have some time, but competition exists.
Inventory Distribution
Homes are selling at a healthy pace—more listings move within 30 days than sit longer on the market.
Most homes are selling within a month, but a meaningful share is starting to linger longer.
Affordability Snapshot
Typical home cost
$7,456/mo
Actual housing expense
Affordable budget (28%)
$3,175/mo
Based on median income
Median household income
$11,339/mo
Mission Viejo
A typical home costs about 66% of the median household's income.
For reference, lenders typically recommend spending ≤28%.
Income needed to afford a typical home comfortably
$320K/year
Assumes housing costs ≤28% of income
20% down, 7% rate, 30-yr fixed. CA averages for tax/insurance.
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $482K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$785K)
Price Reductions
61 listings have reduced their price
39% of active listings
Average reduction: 5.1% (~$57K)
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