Is West Anaheim, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, West Anaheim has remained a Seller's Market.
Key Takeaway
West Anaheim is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Anaheim, CA
How much do homes in West Anaheim, CA cost?
Median Sold Price
$837,500
$546/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Anaheim have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in West Anaheim was $837,500 in April 2024, up 6.7% from last year, and the median price per square foot was $546.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $433K | $457.5K | +5.7% |
| 2 Bedrooms | $577.5K | $599K | +3.7% |
| 3 Bedrooms | $790K | $835K | +5.7% |
| 4 Bedrooms | $840K | $884.5K | +5.3% |
| 5+ Bedrooms | $999.9K | $1.1M | +12.8% |
Summary: West Anaheim housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Neighborhoods
| South Anaheim | $750K | $801K | +6.8% |
| West Anaheim | $785K | $837.5K | +6.7% |
| North Anaheim | $778.6K | $819.9K | +5.3% |
Housing Supply in West Anaheim, CA
How many homes are available in West Anaheim, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 81 | 90 | +11.1% |
Summary: The West Anaheim real estate market had 90 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 41 | 44 | +7.3% |
| 4 Bedrooms | 18 | 25 | +38.9% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The West Anaheim housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Anaheim, you could pay more than the asking price. 59.3% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in West Anaheim in April 2024, up by 3.8% month-over-month. Of the 27 sold homes, 30% were sold under asking, 11% were sold at asking, and 59% were sold over asking.
Days on Market for West Anaheim, CA
How long does it take to sell a home in West Anaheim, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 25 Days | -30.4% |
Summary: Homes in West Anaheim had an average of 25 days on market in Apr 2024, down by 30.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Anaheim are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in West Anaheim; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.