Is Placentia, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Placentia is a seller's market

Buyer's
Market

Difference Since February 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

$980,000

$530/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$84,707(+9.5%)

Key Takeaway

Homes in Placentia have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Placentia was $980,000 in February 2024, up 9.5% from last year, and the median price per square foot was $530.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $460K$562K
+22.2%
2 $548.5K$615K
+12.1%
3 $820K$922.5K
+12.5%
4 $1.0M$1.0M
+1.0%
5+ $1.1M$1.2M
+7.9%

Summary: Placentia housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 7.9%.

Median Sold Price Compared To Nearby Cities

Placentia
+9.5%
Anaheim
+3.4%
Brea
+2.6%
Fullerton
+1.7%
Yorba Linda
+0.6%

Housing Supply in Placentia, CA

How many homes are available in Placentia, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6677+16.7%

Summary: The Placentia real estate market had 77 homes for sale in February 2024, a 16.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 910
+11.1%
3 2327
+17.4%
4 2631
+19.2%
5+ 88
0.0%

Summary: The Placentia housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1921+10.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Placentia, you could pay more than the asking price. 47.6% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Placentia in February 2024, up by 10.5% month-over-month. Of the 21 sold homes, 43% were sold under asking, 10% were sold at asking, and 48% 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

Feb 2023Feb 2024CHANGE
37 Days23 Days-39.2%

Summary: Homes in Placentia had an average of 23 days on market in Feb 2024, down by 39.2% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Placentia are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 21 homes were sold in Placentia; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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