Is Anaheim-Santa Ana-Garden Grove, 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, Anaheim-Santa Ana-Garden Grove has remained a Seller's Market.
Housing Prices in Anaheim-Santa Ana-Garden Grove, CA
How much do homes in Anaheim-Santa Ana-Garden Grove, CA cost?
Median Sold Price
$929,045
$576/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Anaheim-Santa Ana-Garden Grove was $929,045 in May 2024, up 9.3% from last year, and the median price per square foot was $576.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $417.5K | $434.5K | +4.1% |
2 Bedrooms | $585K | $618.5K | +5.7% |
3 Bedrooms | $816.7K | $880K | +7.8% |
4 Bedrooms | $1.0M | $1.1M | +12.8% |
5+ Bedrooms | $1.3M | $1.4M | +5.3% |
Summary: Anaheim-Santa Ana-Garden Grove housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
Santa Ana | $725.5K | $830.2K | +14.4% |
Orange | $914.6K | $1.0M | +9.8% |
Anaheim-Santa Ana-Garden Grove | $849.9K | $929K | +9.3% |
Anaheim | $805K | $873.8K | +8.6% |
Villa Park | $2.1M | $2.1M | +0.8% |
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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,174 | 2,187 | +0.6% |
Summary: The Anaheim-Santa Ana-Garden Grove real estate market had 2,187 homes for sale in May 2024, a 0.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 90 | 91 | +1.1% |
2 Bedrooms | 334 | 331 | -0.9% |
3 Bedrooms | 785 | 792 | +0.9% |
4 Bedrooms | 657 | 671 | +2.1% |
5+ Bedrooms | 308 | 302 | -1.9% |
Summary: The Anaheim-Santa Ana-Garden Grove housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.1%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 1.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
688 | 775 | +12.6% |
Asking Price vs. Sold Price
189 Homes Were Sold
Under Asking
113 Homes Were Sold
At Asking
473 Homes Were Sold
Over Asking
Summary: A total of 775 homes were sold or pending in Anaheim-Santa Ana-Garden Grove in May 2024, up by 12.6% month-over-month. Of the 775 sold homes, 24% were sold under asking, 15% were sold at asking, and 61% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 17 Days | -34.9% |
Summary: Homes in Anaheim-Santa Ana-Garden Grove had an average of 17 days on market in May 2024, down by 34.9% compared to last year.
Breakdown of Home Sale Times
656 Homes Were Sold
Under 30 Days
101 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During May 2024, 775 homes were sold in Anaheim-Santa Ana-Garden Grove; 85% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.