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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tustin is a seller's market

Buyer's
Market

Difference Since January 2023

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

Key Takeaway

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

Housing Prices in Tustin, CA

How much do homes in Tustin, CA cost?

Median Sold Price

$1,061,000

$613/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$103,000(+10.8%)

Key Takeaway

Homes in Tustin have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in Tustin was $1,061,000 in January 2024, up 10.8% from last year, and the median price per square foot was $613.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $485K$485K
0.0%
2 $660K$685K
+3.8%
3 $958K$1.0M
+4.9%
4 $1.2M$1.3M
+8.3%
5+ $1.8M$1.8M
-0.8%

Summary: Tustin housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Cities

Tustin
+10.8%
Santa Ana
+10.5%
Irvine
+5.3%
Anaheim-Santa Ana-Garden Grove
+2.7%
Orange
+1.7%

Housing Supply in Tustin, CA

How many homes are available in Tustin, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
7481+9.5%

Summary: The Tustin real estate market had 81 homes for sale in January 2024, a 9.5% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 34
+33.3%
2 1720
+17.6%
3 1918
-5.3%
4 2526
+4.0%
5+ 1013
+30.0%

Summary: The Tustin housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 30%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
2322-4.3%

Asking Price vs. Sold Price

10 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 Tustin, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Tustin in January 2024, down by 4.3% month-over-month. Of the 22 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.

Days on Market for Tustin, CA

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

Average Sale Time

Jan 2023Jan 2024CHANGE
43 Days33 Days-24.0%

Summary: Homes in Tustin had an average of 33 days on market in Jan 2024, down by 24% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 22 homes were sold in Tustin; 55% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 5% 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 20 Days Ago

Newest Listings in Tustin, CA

Nearby Markets to Tustin, CA

What housing markets are near Tustin, CA?