Is Anaheim-Santa Ana-Garden Grove, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Anaheim-Santa Ana-Garden Grove is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Anaheim-Santa Ana-Garden Grove has remained a Seller's Market.

Key Takeaway

Anaheim-Santa Ana-Garden Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Anaheim-Santa Ana-Garden Grove, CA

How much do homes in Anaheim-Santa Ana-Garden Grove, CA cost?

Median Sold Price

$916,048

$571/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$66,048(+7.8%)

Key Takeaway

Homes in Anaheim-Santa Ana-Garden Grove have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Anaheim-Santa Ana-Garden Grove was $916,048 in April 2024, up 7.8% from last year, and the median price per square foot was $571.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $420K$430K
+2.4%
2 $589.3K$614.2K
+4.2%
3 $820.9K$871.3K
+6.1%
4 $1.0M$1.1M
+9.4%
5+ $1.4M$1.4M
+3.5%

Summary: Anaheim-Santa Ana-Garden Grove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 3.5%.

Median Sold Price Compared To Nearby Cities

Santa Ana
+13.6%
Anaheim-Santa Ana-Garden Grove
+7.8%
Orange
+7.6%
Anaheim
+6.7%

Housing Supply in Anaheim-Santa Ana-Garden Grove, CA

How many homes are available in Anaheim-Santa Ana-Garden Grove, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2,0082,030+1.1%

Summary: The Anaheim-Santa Ana-Garden Grove real estate market had 2,030 homes for sale in April 2024, a 1.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 8292
+12.2%
2 327313
-4.3%
3 722725
0.4%
4 596605
+1.5%
5+ 281295
+5.0%

Summary: The Anaheim-Santa Ana-Garden Grove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.2%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
643670+4.2%

Asking Price vs. Sold Price

159 Homes Were Sold
Under Asking

124 Homes Were Sold
At Asking

385 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Anaheim-Santa Ana-Garden Grove, you could pay more than the asking price. 57.6% of homes here sold above asking price last month.

Summary: A total of 670 homes were sold or pending in Anaheim-Santa Ana-Garden Grove in April 2024, up by 4.2% month-over-month. Of the 668 sold homes, 24% were sold under asking, 19% were sold at asking, and 58% were sold over asking.

Days on Market for Anaheim-Santa Ana-Garden Grove, CA

How long does it take to sell a home in Anaheim-Santa Ana-Garden Grove, CA?

Average Sale Time

Apr 2023Apr 2024CHANGE
32 Days19 Days-38.8%

Summary: Homes in Anaheim-Santa Ana-Garden Grove had an average of 19 days on market in Apr 2024, down by 38.8% compared to last year.

Breakdown of Home Sale Times

552 Homes Were Sold
Under 30 Days

91 Homes Were Sold
In 30 - 90 Days

27 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Anaheim-Santa Ana-Garden Grove are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 670 homes were sold in Anaheim-Santa Ana-Garden Grove; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 4% 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 1 Day Ago

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