Is Brea, 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, Brea has remained a Seller's Market.
Housing Prices in Brea, CA
How much do homes in Brea, CA cost?
Median Sold Price
$1,072,500
$561/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brea was $1,072,500 in May 2024, up 14.1% from last year, and the median price per square foot was $561.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $447.5K | $520K | +16.2% |
2 Bedrooms | $640K | $738K | +15.3% |
3 Bedrooms | $872.5K | $947.9K | +8.6% |
4 Bedrooms | $1.0M | $1.1M | +12.4% |
5+ Bedrooms | $1.2M | $1.3M | +6.5% |
Summary: Brea housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
Placentia | $876.2K | $1.0M | +14.7% |
Brea | $940K | $1.0M | +14.1% |
Fullerton | $874.2K | $941K | +7.6% |
Yorba Linda | $1.1M | $1.2M | +7.3% |
La Habra | $775K | $810.2K | +4.5% |
Housing Supply in Brea, CA
How many homes are available in Brea, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 59 | -10.6% |
Summary: The Brea real estate market had 59 homes for sale in May 2024, a 10.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 24 | 19 | -20.8% |
4 Bedrooms | 28 | 25 | -10.7% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Brea housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 75%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 21 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Brea in May 2024, down by 25.0% month-over-month. Of the 21 sold homes, 24% were sold under asking, 10% were sold at asking, and 67% were sold over asking.
Days on Market for Brea, CA
How long does it take to sell a home in Brea, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 16 Days | +31.1% |
Summary: Homes in Brea had an average of 16 days on market in May 2024, up by 31.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Brea; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.