Is Placentia, 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, Placentia has remained a Seller's Market.
Key Takeaway
Placentia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Placentia, CA
How much do homes in Placentia, CA cost?
Median Sold Price
$983,062
$540/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Placentia have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Placentia was $983,062 in March 2024, up 10.6% from last year, and the median price per square foot was $540.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $460K | $562K | +22.2% |
| 2 Bedrooms | $552.5K | $626.2K | +13.3% |
| 3 Bedrooms | $817.5K | $910K | +11.3% |
| 4 Bedrooms | $1.0M | $1.0M | +4.4% |
| 5+ Bedrooms | $1.1M | $1.2M | +10.5% |
Summary: Placentia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Placentia | $888.7K | $983K | +10.6% |
| Fullerton | $881K | $918.2K | +4.2% |
| Anaheim | $821.9K | $855.1K | +4.0% |
| Brea | $965K | $1.0M | +3.7% |
| Yorba Linda | $1.2M | $1.2M | +2.1% |
Housing Supply in Placentia, CA
How many homes are available in Placentia, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 84 | 79 | -6.0% |
Summary: The Placentia real estate market had 79 homes for sale in March 2024, a 6.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 32 | 30 | -6.3% |
| 4 Bedrooms | 32 | 26 | -18.8% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Placentia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 33 | +43.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Placentia, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Placentia in March 2024, up by 43.5% month-over-month. Of the 33 sold homes, 12% were sold under asking, 15% were sold at asking, and 73% were sold over asking.
Days on Market for Placentia, CA
How long does it take to sell a home in Placentia, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 9 Days | -82.9% |
Summary: Homes in Placentia had an average of 9 days on market in Mar 2024, down by 82.9% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Placentia are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 33 homes were sold in Placentia; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.