Is Anaheim-Santa Ana-Garden Grove, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Anaheim-Santa Ana-Garden Grove has remained a Seller's Market.
Housing Prices in Anaheim-Santa Ana-Garden Grove, CA
How much do homes in Anaheim-Santa Ana-Garden Grove, CA cost?
Median Sold Price
$903,495
$566/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Anaheim-Santa Ana-Garden Grove was $903,495 in March 2024, up 5.2% from last year, and the median price per square foot was $566.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $420K | $425.8K | +1.4% |
2 Bedrooms | $595K | $609.9K | +2.5% |
3 Bedrooms | $825.9K | $863.9K | +4.6% |
4 Bedrooms | $1.0M | $1.1M | +6.0% |
5+ Bedrooms | $1.4M | $1.4M | -0.1% |
Summary: Anaheim-Santa Ana-Garden Grove housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 0.1%.
Median Sold Price Compared To Nearby Cities
Santa Ana | $725K | $807.5K | +11.4% |
Anaheim-Santa Ana-Garden Grove | $858.8K | $903.4K | +5.2% |
Orange | $929.6K | $978.3K | +5.2% |
Anaheim | $821.9K | $855.1K | +4.0% |
Villa Park | $2.2M | $1.9M | -9.9% |
Housing Supply in Anaheim-Santa Ana-Garden Grove, CA
How many homes are available in Anaheim-Santa Ana-Garden Grove, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,816 | 1,845 | +1.6% |
Summary: The Anaheim-Santa Ana-Garden Grove real estate market had 1,845 homes for sale in March 2024, a 1.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 81 | 84 | +3.7% |
2 Bedrooms | 302 | 315 | +4.3% |
3 Bedrooms | 629 | 644 | +2.4% |
4 Bedrooms | 560 | 542 | -3.2% |
5+ Bedrooms | 244 | 260 | +6.6% |
Summary: The Anaheim-Santa Ana-Garden Grove housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 6.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
518 | 628 | +21.2% |
Asking Price vs. Sold Price
157 Homes Were Sold
Under Asking
107 Homes Were Sold
At Asking
364 Homes Were Sold
Over Asking
Summary: A total of 628 homes were sold or pending in Anaheim-Santa Ana-Garden Grove in March 2024, up by 21.2% month-over-month. Of the 628 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for Anaheim-Santa Ana-Garden Grove, CA
How long does it take to sell a home in Anaheim-Santa Ana-Garden Grove, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 20 Days | -46.8% |
Summary: Homes in Anaheim-Santa Ana-Garden Grove had an average of 20 days on market in Mar 2024, down by 46.8% compared to last year.
Breakdown of Home Sale Times
515 Homes Were Sold
Under 30 Days
83 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Summary: During March 2024, 628 homes were sold in Anaheim-Santa Ana-Garden Grove; 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.