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 November 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

$958,815

$599/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$83,770(+9.6%)

Key Takeaway

Homes in Anaheim-Santa Ana-Garden Grove have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Anaheim-Santa Ana-Garden Grove was $958,815 in November 2024, up 9.6% from last year, and the median price per square foot was $599.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $420.3K$445K
+5.9%
2 $596.3K$630K
+5.6%
3 $840.1K$914.8K
+8.9%
4 $1.0M$1.1M
+14.1%
5+ $1.4M$1.5M
+9.7%

Summary: Anaheim-Santa Ana-Garden Grove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 9.7%.

Median Sold Price Compared To Nearby Cities

Villa Park
+16.2%
Orange
+13.3%
Santa Ana
+12.7%
Anaheim-Santa Ana-Garden Grove
+9.6%
Anaheim
+9.6%

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

Oct 2024Nov 2024CHANGE
2,4532,135-13.0%

Summary: The Anaheim-Santa Ana-Garden Grove real estate market had 2,135 homes for sale in November 2024, a 13.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10094
-6.0%
2 411355
-13.6%
3 900766
-14.9%
4 736642
-12.8%
5+ 306278
-9.2%

Summary: The Anaheim-Santa Ana-Garden Grove housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes decreased by 14.9%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes decreased by 9.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
738596-19.2%

Asking Price vs. Sold Price

225 Homes Were Sold
Under Asking

91 Homes Were Sold
At Asking

280 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. 47% of homes here sold above asking price last month.

Summary: A total of 596 homes were sold or pending in Anaheim-Santa Ana-Garden Grove in November 2024, down by 19.2% month-over-month. Of the 596 sold homes, 38% were sold under asking, 15% were sold at asking, and 47% 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

Nov 2023Nov 2024CHANGE
19 Days24 Days+28.4%

Summary: Homes in Anaheim-Santa Ana-Garden Grove had an average of 24 days on market in Nov 2024, up by 28.4% compared to last year.

Breakdown of Home Sale Times

421 Homes Were Sold
Under 30 Days

154 Homes Were Sold
In 30 - 90 Days

21 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 November 2024, 596 homes were sold in Anaheim-Santa Ana-Garden Grove; 71% of homes were sold within 30 days, 26% 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 20 Days Ago

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