Is Garden Grove, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Garden Grove has remained a Seller's Market.
Housing Prices in Garden Grove, CA
How much do homes in Garden Grove, CA cost?
Median Sold Price
$869,000
$586/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Garden Grove was $869,000 in April 2024, up 7.1% from last year, and the median price per square foot was $586.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $420K | $440K | +4.8% |
2 Bedrooms | $540K | $569.9K | +5.5% |
3 Bedrooms | $809.2K | $867.5K | +7.2% |
4 Bedrooms | $901K | $960K | +6.5% |
5+ Bedrooms | $1.0M | $1.2M | +11.6% |
Summary: Garden Grove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 11.6%.
Median Sold Price Compared To Nearby Cities
Fountain Valley | $1.0M | $1.2M | +12.5% |
Westminster | $900K | $1.0M | +11.1% |
North Coast | $1.0M | $1.1M | +10.0% |
Garden Grove | $811.3K | $869K | +7.1% |
Stanton | $695.3K | $640K | -8.0% |
Housing Supply in Garden Grove, CA
How many homes are available in Garden Grove, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
153 | 142 | -7.2% |
Summary: The Garden Grove real estate market had 142 homes for sale in April 2024, a 7.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 22 | 17 | -22.7% |
3 Bedrooms | 75 | 70 | -6.7% |
4 Bedrooms | 33 | 33 | 0.0% |
5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The Garden Grove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.7%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 43 | -10.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Garden Grove in April 2024, down by 10.4% month-over-month. Of the 43 sold homes, 19% were sold under asking, 9% were sold at asking, and 72% were sold over asking.
Days on Market for Garden Grove, CA
How long does it take to sell a home in Garden Grove, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 14 Days | -55.1% |
Summary: Homes in Garden Grove had an average of 14 days on market in Apr 2024, down by 55.1% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 43 homes were sold in Garden Grove; 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.