Is Garden Grove, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$862,357
$583/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Garden Grove was $862,357 in March 2024, up 6.2% from last year, and the median price per square foot was $583.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $420K | $434.5K | +3.5% |
2 Bedrooms | $550K | $555K | +0.9% |
3 Bedrooms | $809.6K | $862K | +6.5% |
4 Bedrooms | $910K | $950K | +4.4% |
5+ Bedrooms | $1.1M | $1.2M | +6.7% |
Summary: Garden Grove housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
Westminster | $900K | $999.5K | +11.1% |
Fountain Valley | $1.1M | $1.2M | +9.5% |
North Coast | $1.0M | $1.0M | +7.2% |
Garden Grove | $812.1K | $862.3K | +6.2% |
Stanton | $677.5K | $637.5K | -5.9% |
Housing Supply in Garden Grove, CA
How many homes are available in Garden Grove, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
125 | 140 | +12.0% |
Summary: The Garden Grove real estate market had 140 homes for sale in March 2024, a 12.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 21 | 22 | +4.8% |
3 Bedrooms | 51 | 67 | +31.4% |
4 Bedrooms | 33 | 31 | -6.1% |
5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Garden Grove housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 31.4%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 48 | +50.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Garden Grove in March 2024, up by 50.0% month-over-month. Of the 48 sold homes, 21% were sold under asking, 10% were sold at asking, and 69% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 24 Days | -28.4% |
Summary: Homes in Garden Grove had an average of 24 days on market in Mar 2024, down by 28.4% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 48 homes were sold in Garden Grove; 77% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.