Is Brea, 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, Brea has remained a Seller's Market.
Key Takeaway
Brea is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Brea, CA cost?
Median Sold Price
$964,000
$512/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Brea have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Brea was $964,000 in August 2023, down 1.1% from last year, and the median price per square foot was $512.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $384K | $475K | +23.7% |
| 2 Bedrooms | $660K | $640K | -3.0% |
| 3 Bedrooms | $876K | $887.5K | +1.3% |
| 4 Bedrooms | $1.0M | $1.0M | -3.3% |
| 5+ Bedrooms | $1.5M | $1.2M | -15.1% |
Summary: Brea housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 23.7%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 15.1%.
Median Sold Price Compared To Nearby Cities
| La Habra | $769.3K | $770K | 0.1% |
| Placentia | $900K | $895.3K | -0.5% |
| Brea | $975K | $964K | -1.1% |
| Fullerton | $875.4K | $863.7K | -1.3% |
| Yorba Linda | $1.2M | $1.1M | -5.6% |
Housing Supply
How many homes are available in Brea, CA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 60 | 52 | -13.3% |
Summary: The Brea real estate market had 52 homes for sale in August 2023, a 13.3% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 31 | 22 | -29.0% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Brea housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 29%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brea, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Brea in August 2023, up by 4.5% month-over-month. Of the 23 sold homes, 39% were sold under asking, 4% were sold at asking, and 57% were sold over asking.
Days on Market
How long does it take to sell a home in Brea, CA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 26 Days | 17 Days | -34.6% |
Summary: Homes in Brea had an average of 17 days on market in Aug 2023, down by 34.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brea are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 23 homes were sold in Brea; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% 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.