Is Orange County Great Park, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Orange County Great Park has remained a Seller's Market.
Housing Prices in Orange County Great Park, CA
How much do homes in Orange County Great Park, CA cost?
Median Sold Price
$1,568,633
$691/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Orange County Great Park was $1,568,633 in April 2024, up 4.6% from last year, and the median price per square foot was $691.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $797.5K | N/A |
2 Bedrooms | $899.5K | $986.5K | +9.7% |
3 Bedrooms | $1.1M | $1.3M | +11.9% |
4 Bedrooms | $1.8M | $1.8M | 0.5% |
5+ Bedrooms | $3.2M | $3.7M | +14.8% |
Summary: Orange County Great Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Neighborhoods
Woodbury East | $1.0M | $1.5M | +48.7% |
Orange County Great Park | $1.5M | $1.5M | +4.6% |
Cypress Village | $1.3M | $1.4M | +3.7% |
Housing Supply in Orange County Great Park, CA
How many homes are available in Orange County Great Park, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 77 | +16.7% |
Summary: The Orange County Great Park real estate market had 77 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 1 | -80.0% |
3 Bedrooms | 31 | 35 | +12.9% |
4 Bedrooms | 21 | 27 | +28.6% |
5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The Orange County Great Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 80%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 20 | -23.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Orange County Great Park in April 2024, down by 23.1% month-over-month. Of the 20 sold homes, 15% were sold under asking, 35% were sold at asking, and 50% were sold over asking.
Days on Market for Orange County Great Park, CA
How long does it take to sell a home in Orange County Great Park, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 15 Days | -66.6% |
Summary: Homes in Orange County Great Park had an average of 15 days on market in Apr 2024, down by 66.6% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Orange County Great Park; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.