Is Placentia, 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, Placentia has remained a Seller's Market.
Housing Prices in Placentia, CA
How much do homes in Placentia, CA cost?
Median Sold Price
$1,028,200
$555/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Placentia was $1,028,200 in June 2024, up 18.6% from last year, and the median price per square foot was $555.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $442.5K | $579.9K | +31.1% |
2 Bedrooms | $560K | $617.5K | +10.3% |
3 Bedrooms | $800K | $940K | +17.5% |
4 Bedrooms | $992K | $1.0M | +10.7% |
5+ Bedrooms | $1.1M | $1.3M | +15.8% |
Summary: Placentia housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.1%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Cities
Placentia | $866.5K | $1.0M | +18.6% |
Brea | $930.2K | $1.1M | +18.3% |
Yorba Linda | $1.1M | $1.3M | +12.6% |
Fullerton | $867.6K | $955K | +10.1% |
Anaheim | $802.5K | $880K | +9.7% |
Housing Supply in Placentia, CA
How many homes are available in Placentia, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
100 | 85 | -15.0% |
Summary: The Placentia real estate market had 85 homes for sale in June 2024, a 15.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 18 | 12 | -33.3% |
3 Bedrooms | 33 | 34 | +3.0% |
4 Bedrooms | 33 | 28 | -15.2% |
5+ Bedrooms | 14 | 10 | -28.6% |
Summary: The Placentia housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
42 | 28 | -33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Placentia in June 2024, down by 33.3% month-over-month. Of the 28 sold homes, 25% were sold under asking, 7% were sold at asking, and 68% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
23 Days | 11 Days | -51.4% |
Summary: Homes in Placentia had an average of 11 days on market in Jun 2024, down by 51.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 28 homes were sold in Placentia; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.