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 October 2021

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.

How much do homes in Buena Park, CA cost?

Median Sold Price

$830,000

$550/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$100,166(+13.7%)

Key Takeaway

Homes in Buena Park have sold for 13.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $365K$487.5K
+33.6%
2 $590K$651K
+10.3%
3 $710K$815K
+14.8%
4 $783.7K$873.7K
+11.5%
5+ $867.5K$1.0M
+18.4%

Median Sold Price Compared To Nearby Cities

Buena Park
+13.7%
La Mirada
+13.2%
La Palma
+10.7%
Cypress
+8.7%
Cerritos
+7.2%

How many homes are available in Buena Park, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
112100-10.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 87
-12.5%
3 4949
0.0%
4 4738
-19.1%
5+ 86
-25.0%

Number of Homes Sold

Sep 2022Oct 2022%
4022-45.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buena Park, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
16 Days46 Days+185.5%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Buena Park has remained consistent over time.

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

About Buena Park, CA

Number of homes for sale in Buena Park, CA real estate market have reached 100. The number of homes for sale in Buena Park, CA decreased by 10.7% between September 2022 and October 2022. In October 2022, listings were on the market for 46 days. During the same period, the median list price in this real estate market was $830,000. This housing market listing prices have changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 33.6%, prices of 2 bedrooms properties increased by 10.3%, prices of 3 bedrooms properties increased by 14.8%, 4 bedrooms properties prices increased by 11.5%, 5 bedrooms properties prices increased by 18.4%. This housing market inventory have changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 12.5%, number of 3 bedrooms homes remained the same, number of 4 bedrooms homes decreased by 19.1%, 5 bedrooms homes inventory decreased by 25%. In October 2022 more than 6 listings in Buena Park, CA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 14 were sold below.

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