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 July 2021

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.

How much do homes in Anaheim-Santa Ana-Garden Grove, CA cost?

Median Sold Price

$850,128

$531/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$109,177(+14.7%)

Key Takeaway

Homes in Anaheim-Santa Ana-Garden Grove have sold for 14.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $335K$406.6K
+21.4%
2 $475K$565.4K
+19.0%
3 $705.1K$824.9K
+17.0%
4 $874.9K$1.0M
+15.8%
5+ $1.2M$1.4M
+18.3%

Median Sold Price Compared To Nearby Cities

Villa Park
+25.4%
Anaheim
+16.1%
Orange
+15.8%
Anaheim-Santa Ana-Garden Grove
+14.7%
Santa Ana
+14.4%

How many homes are available in Anaheim-Santa Ana-Garden Grove, CA?

Number of Homes For Sale

Jun 2022Jul 2022%
2,9372,985+1.6%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 9491
-3.2%
2 460474
+3.0%
3 1,1631,163
0.0%
4 882898
+1.8%
5+ 338359
+6.2%

Number of Homes Sold

Jun 2022Jul 2022%
845722-14.6%

Asking Price vs. Sold Price

226 Homes Were Sold
Under Asking

120 Homes Were Sold
At Asking

376 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. 52.1% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
14 Days17 Days+19.4%

Breakdown of Home Sale Times

605 Homes Were Sold
Under 30 Days

116 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Anaheim-Santa Ana-Garden Grove, CA

There are 2,985 homes are for sale in Anaheim-Santa Ana-Garden Grove, CA real estate market. The inventory of homes for sale in Anaheim-Santa Ana-Garden Grove, CA between June 2022 and July 2022 increased by 1.6%. While the average time on the market in July 2022 was 17 days, the median list price was $850,128. Real estate listing prices changed between June 2022 and July 2022: prices of 1 bedroom properties went up by 21.4%, the cost of 2 bedrooms properties went up by 19%, prices of 3 bedrooms properties went up by 17%, 4 bedrooms properties prices increased by 15.8%, the cost of 5 bedrooms properties went up by 18.3%. This housing market inventory have changed: volume of 1 bedroom homes went down by 3.2%, the quantity of 2 bedrooms homes went up by 3%, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes became 1.8% more available, the quantity of 5 bedrooms homes went up by 6.2%. In July 2022 more than 376 listings in Anaheim-Santa Ana-Garden Grove, CA were sold above the asking price. During the same period more than 120 listings were sold at asking price, while more than 226 were sold below.

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