Is Tustin, 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, Tustin has remained a Seller's Market.
Housing Prices in Tustin, CA
How much do homes in Tustin, CA cost?
Median Sold Price
$1,055,000
$627/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tustin was $1,055,000 in April 2024, up 9.5% from last year, and the median price per square foot was $627.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $485K | $539.5K | +11.2% |
2 Bedrooms | $650K | $760K | +16.9% |
3 Bedrooms | $954.5K | $1.0M | +8.7% |
4 Bedrooms | $1.2M | $1.3M | +5.7% |
5+ Bedrooms | $1.8M | $2.0M | +6.7% |
Summary: Tustin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
Santa Ana | $723.3K | $821.7K | +13.6% |
Irvine | $1.2M | $1.4M | +10.6% |
Tustin | $963.7K | $1.0M | +9.5% |
Anaheim-Santa Ana-Garden Grove | $850K | $916K | +7.8% |
Orange | $920K | $990K | +7.6% |
Housing Supply in Tustin, CA
How many homes are available in Tustin, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
109 | 106 | -2.8% |
Summary: The Tustin real estate market had 106 homes for sale in April 2024, a 2.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 25 | 27 | +8.0% |
3 Bedrooms | 34 | 34 | 0.0% |
4 Bedrooms | 29 | 24 | -17.2% |
5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Tustin 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 increased by 8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 38 | -9.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Tustin in April 2024, down by 9.5% month-over-month. Of the 38 sold homes, 21% were sold under asking, 11% were sold at asking, and 68% were sold over asking.
Days on Market for Tustin, CA
How long does it take to sell a home in Tustin, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 17 Days | -32.4% |
Summary: Homes in Tustin had an average of 17 days on market in Apr 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in Tustin; 82% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.