Is Buena Park, 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, Buena Park has remained a Seller's Market.
Housing Prices in Buena Park, CA
How much do homes in Buena Park, CA cost?
Median Sold Price
$844,201
$586/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Buena Park was $844,201 in March 2024, up 2.8% from last year, and the median price per square foot was $586.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $420K | - | N/A |
2 Bedrooms | $657.6K | $692.5K | +5.3% |
3 Bedrooms | $800K | $835K | +4.4% |
4 Bedrooms | $859K | $885K | +3.0% |
5+ Bedrooms | $1.0M | $1.0M | -0.5% |
Summary: Buena Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 0.5%.
Housing Supply in Buena Park, CA
How many homes are available in Buena Park, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 72 | +9.1% |
Summary: The Buena Park real estate market had 72 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 26 | 24 | -7.7% |
4 Bedrooms | 27 | 32 | +18.5% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Buena Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 21 | -4.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Buena Park in March 2024, down by 4.5% month-over-month. Of the 21 sold homes, 33% were sold under asking, 19% were sold at asking, and 48% were sold over asking.
Days on Market for Buena Park, CA
How long does it take to sell a home in Buena Park, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 20 Days | -52.0% |
Summary: Homes in Buena Park had an average of 20 days on market in Mar 2024, down by 52% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Buena Park; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.