Is Garden Grove, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Garden Grove is a seller's market


Difference Since May 2022

Since last year, Garden Grove has remained a Seller's Market.

Key Takeaway

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

How much do homes in Garden Grove, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Garden Grove have sold for 0.6% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $380K$420K
2 $535K$545K
3 $802K$801K
4 $890K$888K
5+ $1.0M$1.0M

Median Sold Price Compared To Nearby Cities

Fountain Valley
North Coast
Garden Grove

How many homes are available in Garden Grove, CA?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 106
2 3935
3 6971
4 4348
5+ 1520

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Garden Grove, you could pay more than the asking price. 49.2% of homes here sold above asking price last month.

How long does it take to sell a home in Garden Grove, CA?

How long does it take to sell a home in Garden Grove, CA?

Average Sale Time

May 2022May 2023%
10 Days30 Days+204.7%

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

What housing markets are near Garden Grove, CA?

About Garden Grove, CA

Garden Grove, CA has 180 homes on the market. The number of homes for sale in Garden Grove, CA increased by 2.3% between April 2023 and May 2023. While the average time on the market in May 2023 was 30 days, the median list price was $805,000. Between April 2023 and May 2023, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 10.5%, prices of 2 bedrooms properties increased by 1.9%, prices of 3 bedrooms properties decreased by 0.1%, prices of 4 bedrooms properties went down by 0.2%, the cost of 5 bedrooms properties went up by 1.4%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went down by 40%, the quantity of 2 bedrooms homes went down by 10.3%, volume of 3 bedrooms homes went up by 2.9%, number of 4 bedrooms homes increased by 11.6%, 5 bedrooms homes inventory increased by 33.3%. While more than 29 listings in Garden Grove, CA in May 2023 were sold above asking price, there were more than 11 listings sold at asking price, and more than 19 were sold below.