Is Yorba Linda, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Yorba Linda is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Yorba Linda, CA

How much do homes in Yorba Linda, CA cost?

Median Sold Price

$1,253,833

$589/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$85,333(+7.3%)

Key Takeaway

Homes in Yorba Linda have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Yorba Linda was $1,253,833 in May 2024, up 7.3% from last year, and the median price per square foot was $589.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $425K$430K
+1.2%
2 $570K$560K
-1.8%
3 $910K$1.0M
+12.4%
4 $1.3M$1.3M
+5.1%
5+ $2.0M$2.2M
+7.4%

Summary: Yorba Linda housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 7.4%.

Median Sold Price Compared To Nearby Cities

Placentia
+14.7%
Brea
+14.1%
Chino Hills
+13.5%
Anaheim
+8.6%
Yorba Linda
+7.3%

Housing Supply in Yorba Linda, CA

How many homes are available in Yorba Linda, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
173196+13.3%

Summary: The Yorba Linda real estate market had 196 homes for sale in May 2024, a 13.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1516
+6.7%
3 3740
+8.1%
4 7677
+1.3%
5+ 4563
+40.0%

Summary: The Yorba Linda housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4660+30.4%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

39 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Yorba Linda, you could pay more than the asking price. 65% of homes here sold above asking price last month.

Summary: A total of 60 homes were sold or pending in Yorba Linda in May 2024, up by 30.4% month-over-month. Of the 60 sold homes, 28% were sold under asking, 7% were sold at asking, and 65% were sold over asking.

Days on Market for Yorba Linda, CA

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

Average Sale Time

May 2023May 2024CHANGE
34 Days24 Days-27.4%

Summary: Homes in Yorba Linda had an average of 24 days on market in May 2024, down by 27.4% compared to last year.

Breakdown of Home Sale Times

49 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 60 homes were sold in Yorba Linda; 82% of homes were sold within 30 days, 13% 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 17 Days Ago

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