Is Santa Ana, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santa Ana is a seller's market

Buyer's
Market

Difference Since January 2023

Since last year, Santa Ana has remained a Seller's Market.

Key Takeaway

Santa Ana is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Santa Ana, CA

How much do homes in Santa Ana, CA cost?

Median Sold Price

$787,142

$566/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$74,523(+10.5%)

Key Takeaway

Homes in Santa Ana have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Santa Ana was $787,142 in January 2024, up 10.5% from last year, and the median price per square foot was $566.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $389K$400K
+2.8%
2 $500K$500K
0.0%
3 $750K$811.5K
+8.2%
4 $853.5K$1.0M
+23.0%
5+ $1.1M$1.7M
+63.5%

Summary: Santa Ana housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 63.5%.

Median Sold Price Compared To Nearby Cities

Tustin
+10.8%
Santa Ana
+10.5%
Fountain Valley
+5.4%
Garden Grove
+3.9%
Anaheim-Santa Ana-Garden Grove
+2.7%

Housing Supply in Santa Ana, CA

How many homes are available in Santa Ana, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
234228-2.6%

Summary: The Santa Ana real estate market had 228 homes for sale in January 2024, a 2.6% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 2224
+9.1%
2 5851
-12.1%
3 6768
+1.5%
4 6154
-11.5%
5+ 2631
+19.2%

Summary: The Santa Ana housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 19.2%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
8056-30.0%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Ana, you could pay more than the asking price. 41.1% of homes here sold above asking price last month.

Summary: A total of 56 homes were sold or pending in Santa Ana in January 2024, down by 30.0% month-over-month. Of the 56 sold homes, 39% were sold under asking, 20% were sold at asking, and 41% were sold over asking.

Days on Market for Santa Ana, CA

How long does it take to sell a home in Santa Ana, CA?

Average Sale Time

Jan 2023Jan 2024CHANGE
52 Days35 Days-32.4%

Summary: Homes in Santa Ana had an average of 35 days on market in Jan 2024, down by 32.4% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 56 homes were sold in Santa Ana; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% 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 26 Days Ago

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