Is Tustin, 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, Tustin has remained a Seller's Market.
Housing Prices in Tustin, CA
How much do homes in Tustin, CA cost?
Median Sold Price
$1,065,142
$623/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tustin was $1,065,142 in March 2024, up 11.2% from last year, and the median price per square foot was $623.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $485K | $539.7K | +11.3% |
2 Bedrooms | $662.5K | $755K | +14.0% |
3 Bedrooms | $958K | $1.0M | +8.0% |
4 Bedrooms | $1.2M | $1.3M | +7.1% |
5+ Bedrooms | $1.8M | $1.9M | +5.0% |
Summary: Tustin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
Santa Ana | $725K | $807.5K | +11.4% |
Tustin | $958K | $1.0M | +11.2% |
Irvine | $1.2M | $1.3M | +7.7% |
Orange | $929.6K | $978.3K | +5.2% |
Anaheim-Santa Ana-Garden Grove | $858.8K | $903.4K | +5.2% |
Housing Supply in Tustin, CA
How many homes are available in Tustin, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
111 | 102 | -8.1% |
Summary: The Tustin real estate market had 102 homes for sale in March 2024, a 8.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 6 | -33.3% |
2 Bedrooms | 29 | 25 | -13.8% |
3 Bedrooms | 26 | 31 | +19.2% |
4 Bedrooms | 38 | 30 | -21.1% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Tustin housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes increased by 19.2%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 43 | +2.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Tustin in March 2024, up by 2.4% month-over-month. Of the 43 sold homes, 21% were sold under asking, 9% were sold at asking, and 70% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 15 Days | -58.1% |
Summary: Homes in Tustin had an average of 15 days on market in Mar 2024, down by 58.1% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 43 homes were sold in Tustin; 91% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.