Is Buena Park, 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, Buena Park has remained a Seller's Market.
Housing Prices in Buena Park, CA
How much do homes in Buena Park, CA cost?
Median Sold Price
$860,000
$594/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Buena Park was $860,000 in May 2024, up 6.1% from last year, and the median price per square foot was $594.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $420K | - | N/A |
2 Bedrooms | $657.1K | $700K | +6.5% |
3 Bedrooms | $799.9K | $848.5K | +6.1% |
4 Bedrooms | $840K | $915K | +8.9% |
5+ Bedrooms | $1.0M | $1.0M | 0.0% |
Summary: Buena Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes did not change.
Housing Supply in Buena Park, CA
How many homes are available in Buena Park, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
91 | 94 | +3.3% |
Summary: The Buena Park real estate market had 94 homes for sale in May 2024, a 3.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 34 | 39 | +14.7% |
4 Bedrooms | 35 | 36 | +2.9% |
5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Buena Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 29 | -17.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Buena Park in May 2024, down by 17.1% month-over-month. Of the 29 sold homes, 21% were sold under asking, 14% were sold at asking, and 66% were sold over asking.
Days on Market for Buena Park, CA
How long does it take to sell a home in Buena Park, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 14 Days | -35.4% |
Summary: Homes in Buena Park had an average of 14 days on market in May 2024, down by 35.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 29 homes were sold in Buena Park; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.