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 August 2022
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
How much do homes in Anaheim-Santa Ana-Garden Grove, CA cost?
Median Sold Price
$854,460
$542/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
The sold price of homes in Anaheim-Santa Ana-Garden Grove has remained the same since last year.
Summary: The median home sold price in Anaheim-Santa Ana-Garden Grove was $854,460 in August 2023, down 0.3% from last year, and the median price per square foot was $542.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410K | $420K | +2.4% |
| 2 Bedrooms | $572.7K | $585K | +2.1% |
| 3 Bedrooms | $829.9K | $823.1K | -0.8% |
| 4 Bedrooms | $1.0M | $1.0M | -0.6% |
| 5+ Bedrooms | $1.4M | $1.3M | -3.5% |
Summary: Anaheim-Santa Ana-Garden Grove housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Santa Ana | $710K | $749.7K | +5.6% |
| Anaheim-Santa Ana-Garden Grove | $857.4K | $854.4K | -0.3% |
| Orange | $932.9K | $927.5K | -0.6% |
| Anaheim | $819.1K | $809.8K | -1.1% |
| Villa Park | $1.9M | $1.8M | -6.4% |
Housing Supply
How many homes are available in Anaheim-Santa Ana-Garden Grove, CA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 2,019 | 1,956 | -3.1% |
Summary: The Anaheim-Santa Ana-Garden Grove real estate market had 1,956 homes for sale in August 2023, a 3.1% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 72 | 66 | -8.3% |
| 2 Bedrooms | 302 | 292 | -3.3% |
| 3 Bedrooms | 768 | 755 | -1.7% |
| 4 Bedrooms | 611 | 582 | -4.7% |
| 5+ Bedrooms | 266 | 261 | -1.9% |
Summary: The Anaheim-Santa Ana-Garden Grove housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 1.9%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 630 | 721 | +14.4% |
Asking Price vs. Sold Price
197 Homes Were Sold
Under Asking
102 Homes Were Sold
At Asking
422 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Anaheim-Santa Ana-Garden Grove, you could pay more than the asking price. 58.5% of homes here sold above asking price last month.
Summary: A total of 721 homes were sold or pending in Anaheim-Santa Ana-Garden Grove in August 2023, up by 14.4% month-over-month. Of the 721 sold homes, 27% were sold under asking, 14% were sold at asking, and 59% were sold over asking.
Days on Market
How long does it take to sell a home in Anaheim-Santa Ana-Garden Grove, CA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 22 Days | 19 Days | -11.1% |
Summary: Homes in Anaheim-Santa Ana-Garden Grove had an average of 19 days on market in Aug 2023, down by 11.1% compared to last year.
Breakdown of Home Sale Times
588 Homes Were Sold
Under 30 Days
112 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Anaheim-Santa Ana-Garden Grove are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 721 homes were sold in Anaheim-Santa Ana-Garden Grove; 82% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.