Map and Statistics of Sales Used in This Analysis
Neighborhood Price summary
Compared to the previous 12 months average price: Gain of $32,000
Average price over the last 12 months (10/25) - (9/26): $888,000
Average price over the previous 12 months (10/24) - (9 - 25): $856,000
Highest average price for a month: $1,001,000
Lowest average price for a month: $800,000
Difference between the highest and lowest monthly average: $201,000
Highest price home sold in the last 12 months: $1,182,000
Lowest price home sold in the last 12 months: $595,000
The $32,000 gain was $33,000 above the city average loss of $1,000 for the last 12 months. You can see how this loss compares with the other neighborhoods in the price table below. As you can see from the price graph below, prices have remained relatively stable over the past 12 months.
The price difference in the neighborhood will be due to factors such as property condition, added square footage, an added pool, and location. In this case, the 2 fixers were sold at a much lower price.
Over the past 12 months, sales averaged 2 per month, and listings averaged 8 per month. This means that 25% of available monthly listings sell. This is a normal percentage, which helps keep prices high because monthly inventory is limited. Also, because inventory is limited, homes in the La Mirada North Neighborhood average only 20 days on the market before going into escrow. This is considered a short time and is better than the city average of 29 days.
*Some data may be slightly off due to rounding.
Neighborhood Price Forecast
Overall, La Mirada North Neighborhood is doing well. Demand for this area has always been strong, and prices have remained consistent with those in other areas built in the early days of the City of La Mirada. Next to this neighborhood are Home Depot, Stater Bros, and, of course, Walmart.
The La Mirada North Neighborhood has done well with an annual average price increase of $32,000. Prices in the Neighborhood should start to correct, with prices declining over the next few months. Although the city’s September monthly average is $1,035,000 compared to the annual average of $964,000, prices are starting to drop. Annual average prices dropped in 6 of 13 neighborhoods (see table below), bringing the city average down by $1,000. While this isn’t much, expect the loss to grow over the next few months. About 40% of sold listings in the city in the last 12 months have price reductions, and September sales were down about 30% from the average of the last 6 months. (see city sales graph)
Right now the main problem is with the Iran war. This is driving fuel prices up, which is driving inflation up. The main way to fight inflation is to raise interest rates, which we've done. Home loan rates are now in the 7.25% range. If interest rates remain high, this correction may go into 2027. Strong demand for the city and a shortage of listings are keeping prices from falling faster. The city and the La Mirada North Neighborhood's overall annual average price at the end of 2026 should be about the same as, or lower than, in 2025.
Although the city’s annual average is down only $1,000, the decline is expected to accelerate over the next few months. Interest rates are driving the market right now. Interest-rate forecasts suggest they will rise.
Thinking About Selling Your La Mirada Home?
Talk to Ty.
Before you make one of your biggest financial decisions, take 30 minutes to talk with someone who has more than 40 years of real estate experience.
You may be wondering what your home is worth, whether now is the right time to sell, or what you should do to get your home ready for the market.
You may not even be sure you want to move yet. That's perfectly fine.
I'd like to invite you to have a conversation with me about your home and your options.
During our 30 minutes together, we can discuss:
· What your home might realistically sell for in today's market.
· What buyers are looking for in La Mirada.
· Which improvements may be worth making—and which may not be.
· How to approach pricing and marketing if you decide to sell.
· Questions about timing your next move.
My promise: no sales pressure, just a professional and informative conversation.
I've spent more than 40 years helping people make real estate decisions. My goal is to help you understand your options so you can decide what's best for you.
You don't have to be ready to sell. You just have to be ready to talk.
Talk to Ty.
Call or text me to arrange your 30-minute conversation.
Ty Sutherland
First Team Real Estate
714 342 7270