Is Santa Ana, 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, Santa Ana has remained a Seller's Market.
Housing Prices in Santa Ana, CA
How much do homes in Santa Ana, CA cost?
Median Sold Price
$807,571
$572/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Santa Ana was $807,571 in March 2024, up 11.4% from last year, and the median price per square foot was $572.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $390K | $401K | +2.8% |
2 Bedrooms | $496.5K | $520K | +4.7% |
3 Bedrooms | $750K | $815.6K | +8.8% |
4 Bedrooms | $866K | $1.0M | +23.0% |
5+ Bedrooms | $1.2M | $1.7M | +42.6% |
Summary: Santa Ana housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 42.6%.
Median Sold Price Compared To Nearby Cities
Santa Ana | $725K | $807.5K | +11.4% |
Tustin | $958K | $1.0M | +11.2% |
Fountain Valley | $1.1M | $1.2M | +9.5% |
Garden Grove | $812.1K | $862.3K | +6.2% |
Anaheim-Santa Ana-Garden Grove | $858.8K | $903.4K | +5.2% |
Housing Supply in Santa Ana, CA
How many homes are available in Santa Ana, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
285 | 298 | +4.6% |
Summary: The Santa Ana real estate market had 298 homes for sale in March 2024, a 4.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 31 | 33 | +6.5% |
2 Bedrooms | 61 | 77 | +26.2% |
3 Bedrooms | 79 | 71 | -10.1% |
4 Bedrooms | 66 | 67 | +1.5% |
5+ Bedrooms | 48 | 50 | +4.2% |
Summary: The Santa Ana housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 26.2%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 4.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 80 | +21.2% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 80 homes were sold or pending in Santa Ana in March 2024, up by 21.2% month-over-month. Of the 80 sold homes, 30% were sold under asking, 23% were sold at asking, and 48% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 36 Days | -2.5% |
Summary: Homes in Santa Ana had an average of 36 days on market in Mar 2024, down by 2.5% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 80 homes were sold in Santa Ana; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.