Is Brea, 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, Brea has remained a Seller's Market.
Housing Prices in Brea, CA
How much do homes in Brea, CA cost?
Median Sold Price
$1,000,833
$548/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Brea was $1,000,833 in March 2024, up 3.7% from last year, and the median price per square foot was $548.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $447.5K | $495K | +10.6% |
2 Bedrooms | $710K | $732.5K | +3.2% |
3 Bedrooms | $885K | $925K | +4.5% |
4 Bedrooms | $1.0M | $1.1M | +6.8% |
5+ Bedrooms | $1.2M | $1.3M | +5.5% |
Summary: Brea housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
Placentia | $888.7K | $983K | +10.6% |
Fullerton | $881K | $918.2K | +4.2% |
Brea | $965K | $1.0M | +3.7% |
La Habra | $775K | $800K | +3.2% |
Yorba Linda | $1.2M | $1.2M | +2.1% |
Housing Supply in Brea, CA
How many homes are available in Brea, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 57 | -5.0% |
Summary: The Brea real estate market had 57 homes for sale in March 2024, a 5.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 7 | 4 | -42.9% |
3 Bedrooms | 22 | 25 | +13.6% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Brea housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Brea in March 2024, the same as the previous month. Of the 20 sold homes, 20% were sold under asking, 15% were sold at asking, and 65% were sold over asking.
Days on Market for Brea, CA
How long does it take to sell a home in Brea, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 20 Days | -49.3% |
Summary: Homes in Brea had an average of 20 days on market in Mar 2024, down by 49.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Brea; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.