Is Santa Ana, 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, Santa Ana has remained a Seller's Market.
Housing Prices in Santa Ana, CA
How much do homes in Santa Ana, CA cost?
Median Sold Price
$821,711
$575/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Santa Ana was $821,711 in April 2024, up 13.6% from last year, and the median price per square foot was $575.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $392K | $405K | +3.3% |
2 Bedrooms | $499K | $529.5K | +6.1% |
3 Bedrooms | $750K | $827K | +10.3% |
4 Bedrooms | $879.5K | $1.0M | +22.8% |
5+ Bedrooms | $1.2M | $1.7M | +38.5% |
Summary: Santa Ana housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes increased by 38.5%.
Median Sold Price Compared To Nearby Cities
Santa Ana | $723.3K | $821.7K | +13.6% |
Fountain Valley | $1.0M | $1.2M | +12.5% |
Tustin | $963.7K | $1.0M | +9.5% |
Anaheim-Santa Ana-Garden Grove | $850K | $916K | +7.8% |
Garden Grove | $811.3K | $869K | +7.1% |
Housing Supply in Santa Ana, CA
How many homes are available in Santa Ana, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
316 | 333 | +5.4% |
Summary: The Santa Ana real estate market had 333 homes for sale in April 2024, a 5.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 31 | 32 | +3.2% |
2 Bedrooms | 77 | 73 | -5.2% |
3 Bedrooms | 85 | 98 | +15.3% |
4 Bedrooms | 69 | 75 | +8.7% |
5+ Bedrooms | 54 | 55 | +1.9% |
Summary: The Santa Ana housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.2%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 1.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 110 | +35.8% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
54 Homes Were Sold
Over Asking
Summary: A total of 110 homes were sold or pending in Santa Ana in April 2024, up by 35.8% month-over-month. Of the 110 sold homes, 29% were sold under asking, 22% were sold at asking, and 49% were sold over asking.
Days on Market for Santa Ana, CA
How long does it take to sell a home in Santa Ana, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 23 Days | -28.5% |
Summary: Homes in Santa Ana had an average of 23 days on market in Apr 2024, down by 28.5% compared to last year.
Breakdown of Home Sale Times
83 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 110 homes were sold in Santa Ana; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.