Is Fountain Valley, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fountain Valley is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Fountain Valley has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Fountain Valley, CA

How much do homes in Fountain Valley, CA cost?

Median Sold Price

$1,238,916

$630/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$150,916(+13.9%)

Key Takeaway

Homes in Fountain Valley have sold for 13.9% more than they did a year ago.

Summary: The median home sold price in Fountain Valley was $1,238,916 in May 2024, up 13.9% from last year, and the median price per square foot was $630.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $430K$460K
+7.0%
2 $578K$585K
+1.2%
3 $875K$938K
+7.2%
4 $1.2M$1.3M
+12.6%
5+ $1.2M$1.4M
+14.3%

Summary: Fountain Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 14.3%.

Median Sold Price Compared To Nearby Cities

Santa Ana
+14.4%
Westminster
+14.1%
Fountain Valley
+13.9%
North Coast
+10.6%
Huntington Beach
+8.5%

Housing Supply in Fountain Valley, CA

How many homes are available in Fountain Valley, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8583-2.4%

Summary: The Fountain Valley real estate market had 83 homes for sale in May 2024, a 2.4% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 23
+50.0%
2 98
-11.1%
3 2022
+10.0%
4 4138
-7.3%
5+ 1312
-7.7%

Summary: The Fountain Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3332-3.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fountain Valley, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.

Summary: A total of 32 homes were sold or pending in Fountain Valley in May 2024, down by 3.0% month-over-month. Of the 32 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.

Days on Market for Fountain Valley, CA

How long does it take to sell a home in Fountain Valley, CA?

Average Sale Time

May 2023May 2024CHANGE
25 Days17 Days-32.0%

Summary: Homes in Fountain Valley had an average of 17 days on market in May 2024, down by 32% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 32 homes were sold in Fountain Valley; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% 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 12 Days Ago

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