Is Anaheim-Santa Ana-Garden Grove, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Anaheim-Santa Ana-Garden Grove is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Anaheim-Santa Ana-Garden Grove has remained a Seller's Market.

Key Takeaway

Anaheim-Santa Ana-Garden Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$44,609(+5.2%)

Key Takeaway

Homes in Anaheim-Santa Ana-Garden Grove have sold for 5.2% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $420K$425.8K
+1.4%
2 $595K$609.9K
+2.5%
3 $825.9K$863.9K
+4.6%
4 $1.0M$1.1M
+6.0%
5+ $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
+11.4%
Anaheim-Santa Ana-Garden Grove
+5.2%
Orange
+5.2%
Anaheim
+4.0%
Villa Park
-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 2024Mar 2024CHANGE
1,8161,845+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

# BEDSFeb 2024Mar 2024CHANGE
1 8184
+3.7%
2 302315
+4.3%
3 629644
+2.4%
4 560542
-3.2%
5+ 244260
+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 2024Mar 2024CHANGE
518628+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Anaheim-Santa Ana-Garden Grove, you could pay more than the asking price. 58% of homes here sold above asking price last month.

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 2023Mar 2024CHANGE
39 Days20 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Anaheim-Santa Ana-Garden Grove are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

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