Is Garden Grove, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Garden Grove has remained a Seller's Market.
Housing Prices in Garden Grove, CA
How much do homes in Garden Grove, CA cost?
Median Sold Price
$897,600
$596/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Garden Grove was $897,600 in June 2024, up 11.1% from last year, and the median price per square foot was $596.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $420K | $440K | +4.8% |
2 Bedrooms | $540K | $570K | +5.6% |
3 Bedrooms | $800.7K | $885K | +10.5% |
4 Bedrooms | $902.5K | $978K | +8.4% |
5+ Bedrooms | $1.0M | $1.2M | +13.6% |
Summary: Garden Grove housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
Fountain Valley | $1.0M | $1.2M | +16.1% |
Westminster | $900K | $1.0M | +14.6% |
Garden Grove | $807.6K | $897.6K | +11.1% |
North Coast | $1.0M | $1.1M | +11.0% |
Stanton | $672.5K | $650K | -3.3% |
Housing Supply in Garden Grove, CA
How many homes are available in Garden Grove, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
173 | 160 | -7.5% |
Summary: The Garden Grove real estate market had 160 homes for sale in June 2024, a 7.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 7 | +250.0% |
2 Bedrooms | 24 | 26 | +8.3% |
3 Bedrooms | 81 | 68 | -16.0% |
4 Bedrooms | 45 | 37 | -17.8% |
5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The Garden Grove housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 250%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
61 | 50 | -18.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Garden Grove in June 2024, down by 18.0% month-over-month. Of the 50 sold homes, 20% were sold under asking, 14% were sold at asking, and 66% were sold over asking.
Days on Market for Garden Grove, CA
How long does it take to sell a home in Garden Grove, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
14 Days | 16 Days | +14.2% |
Summary: Homes in Garden Grove had an average of 16 days on market in Jun 2024, up by 14.2% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 50 homes were sold in Garden Grove; 92% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.