$10,000 Closing Credit*
$1,448,000
3,204 SqFt
4 Beds
•4 Full Baths
Jan Fiore, Listing Office: Coldwell Banker Diamond
Is Orange County, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Orange County has remained a Seller's Market.
Key Takeaway
Orange County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orange County, CA
How much do homes in Orange County, CA cost?
Median Sold Price
$1,149,163
$658/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$149,368(+14.9%)
Key Takeaway
Homes in Orange County have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Orange County was $1,149,163 in October 2024, up 14.9% from last year, and the median price per square foot was $658.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $428.8K | $460K | +7.3% |
| 2 Bedrooms | $649.3K | $699.9K | +7.8% |
| 3 Bedrooms | $949.9K | $1.0M | +13.6% |
| 4 Bedrooms | $1.3M | $1.4M | +11.7% |
| 5+ Bedrooms | $1.8M | $2.0M | +11.1% |
Summary: Orange County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Counties
| Orange County | $999.7K | $1.1M | +14.9% |
| San Diego County | $831.7K | $894K | +7.5% |
| Los Angeles County | $849.9K | $900.7K | +6.0% |
| Riverside County | $574.8K | $607.6K | +5.7% |
| San Bernardino County | $492.9K | $520K | +5.5% |
Housing Supply in Orange County, CA
How many homes are available in Orange County, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6,726 | 6,811 | +1.3% |
Summary: The Orange County real estate market had 6,811 homes for sale in October 2024, a 1.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 282 | 286 | +1.4% |
| 2 Bedrooms | 1,405 | 1,447 | +3.0% |
| 3 Bedrooms | 2,172 | 2,197 | +1.2% |
| 4 Bedrooms | 1,902 | 1,908 | 0.3% |
| 5+ Bedrooms | 965 | 973 | +0.8% |
Summary: The Orange County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 0.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,588 | 1,721 | +8.4% |
Asking Price vs. Sold Price
824 Homes Were Sold
Under Asking
267 Homes Were Sold
At Asking
630 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange County, you may be able to get a good deal. 47.9% of homes here sold below asking price last month.
Summary: A total of 1,721 homes were sold or pending in Orange County in October 2024, up by 8.4% month-over-month. Of the 1,721 sold homes, 48% were sold under asking, 16% were sold at asking, and 37% were sold over asking.
Days on Market for Orange County, CA
How long does it take to sell a home in Orange County, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 29 Days | +11.0% |
Summary: Homes in Orange County had an average of 29 days on market in Oct 2024, up by 11% compared to last year.
Breakdown of Home Sale Times
1,119 Homes Were Sold
Under 30 Days
508 Homes Were Sold
In 30 - 90 Days
94 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orange County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1721 homes were sold in Orange County; 65% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.