Is Placentia, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Placentia has remained a Seller's Market.
Housing Prices in Placentia, CA
How much do homes in Placentia, CA cost?
Median Sold Price
$1,005,000
$554/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Placentia was $1,005,000 in May 2024, up 14.7% from last year, and the median price per square foot was $554.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $442.5K | $562K | +27.0% |
2 Bedrooms | $555K | $615K | +10.8% |
3 Bedrooms | $802.5K | $931.5K | +16.1% |
4 Bedrooms | $995K | $1.0M | +9.9% |
5+ Bedrooms | $1.1M | $1.2M | +14.7% |
Summary: Placentia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 14.7%.
Median Sold Price Compared To Nearby Cities
Placentia | $876.2K | $1.0M | +14.7% |
Brea | $940K | $1.0M | +14.1% |
Anaheim | $805K | $873.8K | +8.6% |
Fullerton | $874.2K | $941K | +7.6% |
Yorba Linda | $1.1M | $1.2M | +7.3% |
Housing Supply in Placentia, CA
How many homes are available in Placentia, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
96 | 97 | +1.0% |
Summary: The Placentia real estate market had 97 homes for sale in May 2024, a 1.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 13 | 18 | +38.5% |
3 Bedrooms | 35 | 34 | -2.9% |
4 Bedrooms | 36 | 32 | -11.1% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Placentia 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 38.5%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 41 | +28.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Placentia in May 2024, up by 28.1% month-over-month. Of the 41 sold homes, 29% were sold under asking, 12% were sold at asking, and 59% were sold over asking.
Days on Market for Placentia, CA
How long does it take to sell a home in Placentia, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 18 Days | -56.0% |
Summary: Homes in Placentia had an average of 18 days on market in May 2024, down by 56% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 41 homes were sold in Placentia; 78% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.