Is Buena Park, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Buena Park is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Buena Park has remained a Seller's Market.

Key Takeaway

Buena Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Buena Park, CA

How much do homes in Buena Park, CA cost?

Median Sold Price

$893,000

$595/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$83,000(+10.2%)

Key Takeaway

Homes in Buena Park have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in Buena Park was $893,000 in November 2024, up 10.2% from last year, and the median price per square foot was $595.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $420K$570K
+35.7%
2 $685K$682.5K
-0.4%
3 $810K$865K
+6.8%
4 $830K$945K
+13.9%
5+ $1.0M$1.1M
+4.8%

Summary: Buena Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.7%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Cities

La Palma
+11.0%
Fullerton
+10.9%
Buena Park
+10.2%
Cypress
+9.3%
La Mirada
+7.2%

Housing Supply in Buena Park, CA

How many homes are available in Buena Park, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
125104-16.8%

Summary: The Buena Park real estate market had 104 homes for sale in November 2024, a 16.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1211
-8.3%
3 6048
-20.0%
4 3930
-23.1%
5+ 1415
+7.1%

Summary: The Buena Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3827-28.9%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buena Park, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in Buena Park in November 2024, down by 28.9% month-over-month. Of the 27 sold homes, 41% were sold under asking, 11% 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

Nov 2023Nov 2024CHANGE
16 Days18 Days+15.0%

Summary: Homes in Buena Park had an average of 18 days on market in Nov 2024, up by 15% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Buena Park are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 27 homes were sold in Buena Park; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 3 Days Ago

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