Is Tustin, 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, Tustin has remained a Seller's Market.
Housing Prices in Tustin, CA
How much do homes in Tustin, CA cost?
Median Sold Price
$1,050,000
$636/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tustin was $1,050,000 in May 2024, up 8% from last year, and the median price per square foot was $636.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $485K | $539.7K | +11.3% |
2 Bedrooms | $650K | $761K | +17.1% |
3 Bedrooms | $950K | $1.0M | +6.3% |
4 Bedrooms | $1.2M | $1.3M | +8.3% |
5+ Bedrooms | $1.8M | $2.0M | +7.8% |
Summary: Tustin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Cities
Santa Ana | $725.5K | $830.2K | +14.4% |
Irvine | $1.2M | $1.4M | +14.2% |
Orange | $914.6K | $1.0M | +9.8% |
Anaheim-Santa Ana-Garden Grove | $849.9K | $929K | +9.3% |
Tustin | $971.8K | $1.0M | +8.0% |
Housing Supply in Tustin, CA
How many homes are available in Tustin, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
124 | 125 | +0.8% |
Summary: The Tustin real estate market had 125 homes for sale in May 2024, a 0.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 32 | 25 | -21.9% |
3 Bedrooms | 39 | 40 | +2.6% |
4 Bedrooms | 32 | 41 | +28.1% |
5+ Bedrooms | 15 | 12 | -20.0% |
Summary: The Tustin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 21.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 44 | +10.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Tustin in May 2024, up by 10.0% month-over-month. Of the 44 sold homes, 20% were sold under asking, 18% were sold at asking, and 61% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 11 Days | -53.1% |
Summary: Homes in Tustin had an average of 11 days on market in May 2024, down by 53.1% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 44 homes were sold in Tustin; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.