Is Tustin, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$1,075,000
$643/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Tustin was $1,075,000 in June 2024, up 10.5% from last year, and the median price per square foot was $643.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $485K | $551K | +13.6% |
2 Bedrooms | $650K | $761K | +17.1% |
3 Bedrooms | $950K | $1.0M | +9.3% |
4 Bedrooms | $1.2M | $1.3M | +10.0% |
5+ Bedrooms | $1.8M | $1.9M | +3.1% |
Summary: Tustin housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
Irvine | $1.2M | $1.5M | +15.6% |
Santa Ana | $730K | $835.5K | +14.5% |
Orange | $914.5K | $1.0M | +11.2% |
Tustin | $972.5K | $1.0M | +10.5% |
Anaheim-Santa Ana-Garden Grove | $849.5K | $936.2K | +10.2% |
Housing Supply in Tustin, CA
How many homes are available in Tustin, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
135 | 132 | -2.2% |
Summary: The Tustin real estate market had 132 homes for sale in June 2024, a 2.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 1 | -83.3% |
2 Bedrooms | 27 | 24 | -11.1% |
3 Bedrooms | 41 | 42 | +2.4% |
4 Bedrooms | 46 | 47 | +2.2% |
5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The Tustin housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 83.3%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
45 | 44 | -2.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Tustin in June 2024, down by 2.2% month-over-month. Of the 44 sold homes, 11% were sold under asking, 23% were sold at asking, and 66% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
14 Days | 12 Days | -14.1% |
Summary: Homes in Tustin had an average of 12 days on market in Jun 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 44 homes were sold in Tustin; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.